Shape Security Secures $51 Million USD in a Funding Round


(Santa Clara, CA) Shape Security or Shapesecurity.com frequently highlights the following three fascinating facts.  First, the Shape Network is capable of protecting against bot and online fraud, at a rate of more than 1 billion daily transactions.  These mitigated daily transactions are usually perpetrated by fake non-human entities.  Second, and in turn the Shape Network is capable of protecting, legitimate human transactions.  Approximately, 150 million daily legitimate human transactions, being more exact about the previously said.  Third, the Shape Network has 82 issued patents, and there are, 77 patents that are pending.  Obviously; this speaks about the level, of how unique Shape Security’s technology solutions, really are.  Recently, Shape Security announced that, it always strives to be a world leader of internet application protection.  Specifically, the aforementioned business revealed that, it has secured $51 million USD in a funding round.  Overall, this business reports that, it has $183 million USD in total funds.  Furthermore, the previous amount, contributes to a business valuation of $1 billion USD.  As part of the funding round, current investors decided to double down on their bet.  The current investors who doubled down on their bet are Kleiner Perkins, HPE Growth, Norwest Ventures Partners, Focus Ventures, Jet Blue Technology Ventures, Top Tier Capital Partners and Epic Ventures.  The most noteworthy new investor of Shape Security is C5 Capital. 
            C5 Capital as the most noteworthy new investor of Shape Security, will be contributing funds.  The funds will be used for the following one thing.  The one thing is a global expansion.  In reference to, the global expansion, the aforementioned is based on C5 Capital’s investment.  C5 Capital has its headquarters office in London, United Kingdom.  Additionally, it has offices in different parts of Europe and the Middle East.  Shape Security hopes that, C5 Capital can be the fuel for a global expansion that, starts in Europe and the Middle East.  However and returning to, Shapesecurity.com, the aforementioned is a one platform technology solution.  Specifically, it is a comprehensive security application that, is completely integrated into one online platform; Shapesecurity.com.  For this task, Shape Security calls into service artificial intelligence, and, machine learning.  The goal is to correctly classify internet information, along with, mobile application sessions.  The protection occurs in real-time, and, at a rate of more than one billion times per day.  This arduous process, is done in a skillful five steps.  Step one, Shape Security examines the interactions between the internet clients, and, the computer servers.  Step two, Shape Security uses a unique client telemetry tool.  The aforementioned, is used through protected channels.  Step three, Shape Security conducts a real-time analysis and classification.  The analysis and classification is of all transactions, devices and user behaviors.  Step four, Shape Security further analyzes things.  Device behavior and account behavior, are, analyzed and classified.  The idea is to turn on, machine learning.  Finally and step five; Shape Security is capable of supporting real-time, near real-time, offline insights and decision making. 
            André Pienaar is the Managing Partner of C5 Capital.  Through a press statement, Mr. Pienaar said the following.  “Shape’s growth and product innovation is unlike anything we’ve seen in enterprise security.  Shape already protects Internet users at scale by detecting and blocking up to 2 billion fraudulent transactions daily.  This new injection of capital will further the company’s global market penetration.”  Ted Schlein is a Partner at Kleiner Perkins.  Through a press statement, Mr. Schlein said the following.  “Shape is a pioneer and a proven leader in the war against all types of fraudulent internet transactions.  The company’s technology is unmatched in its ingenuity and effectiveness.  Our investment speaks to the confidence we have in its unique solution, and the vision of its leadership team.”  Eash Sundaram is the Chief Digital and Technology Officer at Jet Blue Technology Ventures.  Through a press statement, Mr. Sundaram said the following.  “As JetBlue Technology Ventures invests in and partners with companies at the intersection of technology and travel, we love the opportunity to extend these partnerships into JetBlue’s business and leverage game-changing technologies to improve the experience for our customers.  At JetBlue, safety is our top priority and that includes digital security.  Our relationship with Shape is critical to providing the enterprise security and ease of use that travelers deserve and expect of us.” 
            To end, Shape Security did release a press statement.  Derek Smith is a Co-Founder and the Chief Executive Officer of Shape Security.  Through a press statement, Mr. Smith said the following.  “This investment will help us scale our international operations and fuel our AI development.  Our new and returning investors, coupled with our continued track record of growth, underscore our vision to protect all enterprises from fraudulent Internet transactions.”  As previously stated, Shape Security recently announced that, it always strives to be a world leader of internet application protection.  Specifically, the aforementioned business revealed that, it has secured $51 million USD in a funding round.  Overall, this business reports that, it has $183 million USD in total funds.  Furthermore, the previous amount, contributes to a business valuation of $1 billion USD.  As part of the funding round, current investors decided to double down on their bet.  The current investors who doubled down on their bet are Kleiner Perkins, HPE Growth, Norwest Ventures Partners, Focus Ventures, Jet Blue Technology Ventures, Top Tier Capital Partners and Epic Ventures.  Lastly, the most noteworthy new investor of Shape Security is C5 Capital. 

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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
09/21/2019

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