Shape Security: Hits $1B valuation with $51M Series F

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Shape Security: Hits $1B valuation with $51M Series F

Shape Security: Hits $1B valuation with $51M Series F

  • Anti-fraud startup Shape Security also has tipped over the $1 billion valuation mark
  • The Mountain View, Calif.-based company announced the fundraise Thursday
  • The total amount of outside investment to $183 million since the company debuted in 2011
  • Shape Security protects companies against automated and imitation attacks
  • Shape uses artificial intelligence to discern bots from ordinary users by comparing known information
  • Then company said it now protects against two billion fraudulent logins daily