Ex-Googler-Founded Shape Security Picks Up Another $40M To Build Out Its “Botwall” For Businesses

TechCrunch

Shape Security — the enterprise startup that emerged from stealth last month with an enterprise product that fights automated malware and bots by way of a firewall (or ‘botwall’ in its words) that shifts its shape depending on what is trying to scale it — has picked up another $40 million in funding.

The Series C round will be used to help the startup continue to develop its technology (which today works through a piece of hardware that a client installs on its premises, but may in future move further into a virtualised solution in the cloud); and it will also be used to help build up its salesforce globally, now that Shape is openly marketing itself.

The round was led by new investors Norwest Venture Partners and Sierra Ventures, also had participation from Kleiner Perkins, Venrock, Google Ventures, Eric Schmidt’s TomorrowVentures, and Allegis Capital, and brings the total raised…

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