Shape Security is the provider of security technology for web and mobile applications. The company develops security software to protect websites and social networking sites from cyber attacks and other advanced threats.
Shape Security offers ShapeShifter Elements (SSE), real-time enforcement of security countermeasures to protect web and mobile applications; and Shape Protection Manager (SPM), cloud based management of the ShapeShifter service.
Shape Security was founded in 2011 by Derek Smith, Justin Call, Sumit Agarwal & based in Mountain View, California, United States.
Shape Security caters to retail, financial, travel, healthcare, and government sectors.
The Shape technology platform, covered by 50+ patents, stops automated fraud and other attacks on web and mobile applications, including credential stuffing, account takeover, scraping, and unauthorized aggregation.
Shape is one of the largest processors of login traffic in the world and protects more than 1.3 billion user accounts. Shape prevented more than $1 billion in fraud losses last year.
Shape Security is backed by leading investors including Kleiner Perkins, Norwest Venture Partners, C5 Capital, EPIC Ventures, Venrock, Baseline Ventures, HPE Growth, Focus Ventures, JetBlue Technology Ventures, Top Tier Capital Partners and others. The company raised $51M in its latest "Series F" financing on Sep 12, 2019. This new capital brings Shape Security's total amount raised to $183M. The round puts the company to a $1B valuation.
Shape was recognized in Fortune Magazine as one of the leading companies in artificial intelligence in 2018 and listed in CNBC's top 50 most disruptive companies in the world.