Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

11/1/2018
10:30 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Shape Security Raises $26M Round

Round Led by Norwest Venture Partners, Joined by JetBlue Technology Ventures and Singtel Innov8, brings Shape's total raised to $132M

MOUNTAIN VIEW, Calif. — Shape Security, a provider of bot mitigation and anti-automation, today announced that it has closed $26 million in growth capital, bringing its total raised to $132 million. Norwest Venture Partners led the round, with new strategic investors JetBlue Technology Ventures and Singtel Innov8 joining. Existing investors Kleiner Perkins, Venrock, Baseline Ventures, Allegis Capital, Focus Ventures, Epic Ventures, Raging Capital, and Tomorrow Ventures also participated. The new funding will help Shape accelerate international expansion.

Shape eliminates bots, fraud and unwanted automation for more than 20% of the consumer brands in the Fortune 500 while protecting over 100 million legitimate human logins each day. Fueled by this extensive dataset, Shape’s AI platform detects and shuts down automated attacks in real-time. Shape’s platform can distinguish real users from fraudsters even when criminals use manual methods.

"Criminals spill more than 5 million usernames and passwords every day," said Sumit Agarwal, Shape Security co-founder & COO. "Criminals then use these credentials to attack large web and mobile applications. We founded Shape to stop these attacks, protecting both users and enterprises from fraud. Our long-term mission is to deliver security that not only prevents attacks, but also improves usability, creating a safer, better internet for all."

Promod Haque, senior managing partner at Norwest Venture Partners, noted, "Shape’s technology creates incredible reductions in fraud losses for the Fortune 500. I’ve served on the boards of multiple security companies over the years, including FireEye, and the exceptional growth we’re witnessing at Shape Security and the demand for the company’s products is an extremely positive sign for Shape’s future and the direction of the industry."

JetBlue’s Chief Digital and Technology Officer, Eash Sundaram, stated, "The safety and security of our customers, in all aspects, is JetBlue’s top priority. Shape has proven to be a very impactful partner for us as we protect our customers online. We’re excited for JetBlue Technology Ventures’ investment to expand our relationship with Shape as we work together to improve our customers' experience."

Singtel’s corporate venture capital arm, Singtel Innov8, partners with leading innovators to bring cutting-edge technologies to international markets. "Shape has clearly demonstrated its capabilities to help its blue chip customers significantly reduce fraud," said Edgar Hardless, Chief Executive Officer of Singtel Innov8. "We are excited to partner with Shape and help expand its footprint in the economies of Asia/Pacific where enterprises are rapidly undergoing digital transformation."

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
The Problem with Proprietary Testing: NSS Labs vs. CrowdStrike
Brian Monkman, Executive Director at NetSecOPEN,  7/19/2019
RDP Bug Takes New Approach to Host Compromise
Kelly Sheridan, Staff Editor, Dark Reading,  7/18/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Building and Managing an IT Security Operations Program
As cyber threats grow, many organizations are building security operations centers (SOCs) to improve their defenses. In this Tech Digest you will learn tips on how to get the most out of a SOC in your organization - and what to do if you can't afford to build one.
Flash Poll
The State of IT Operations and Cybersecurity Operations
The State of IT Operations and Cybersecurity Operations
Your enterprise's cyber risk may depend upon the relationship between the IT team and the security team. Heres some insight on what's working and what isn't in the data center.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-14248
PUBLISHED: 2019-07-24
In libnasm.a in Netwide Assembler (NASM) 2.14.xx, asm/pragma.c allows a NULL pointer dereference in process_pragma, search_pragma_list, and nasm_set_limit when "%pragma limit" is mishandled.
CVE-2019-14249
PUBLISHED: 2019-07-24
dwarf_elf_load_headers.c in libdwarf before 2019-07-05 allows attackers to cause a denial of service (division by zero) via an ELF file with a zero-size section group (SHT_GROUP), as demonstrated by dwarfdump.
CVE-2019-14250
PUBLISHED: 2019-07-24
An issue was discovered in GNU libiberty, as distributed in GNU Binutils 2.32. simple_object_elf_match in simple-object-elf.c does not check for a zero shstrndx value, leading to an integer overflow and resultant heap-based buffer overflow.
CVE-2019-14247
PUBLISHED: 2019-07-24
The scan() function in mad.c in mpg321 0.3.2 allows remote attackers to trigger an out-of-bounds write via a zero bitrate in an MP3 file.
CVE-2019-2873
PUBLISHED: 2019-07-23
Vulnerability in the Oracle VM VirtualBox component of Oracle Virtualization (subcomponent: Core). Supported versions that are affected are Prior to 5.2.32 and prior to 6.0.10. Easily exploitable vulnerability allows low privileged attacker with logon to the infrastructure where Oracle VM VirtualBox...