Ex-Googler-Founded Shape Security Chooses One More $40M To Build Out Its “Botwall”

Shape Security--- which is founded by Ex-Googlr, the company which provided the firewall against automated malware and bots which change the shape of firewall depending on what ids trying to extent it. Firm got another $40 million funding from investors. This technology could also be applied on voice based gadgets. The Series C funding will be used to enhance the technology and to be ready to enter into Smartphone industry, which also be expand the global business venture. The fund comes from new investors Norwest Venture Partners and Sierra Ventures, with the help from Kleiner Perkins, Venrock, Google Venture, Eric Schmidt Tomorrow Ventures, and Allegis Capital. The total funding from these investor gives the boost about $66 Million to Shape Security.

Report published that “The problem, as Shape sees it, is this: every web app in the world has a user interface, but that interface effectively becomes an inherent point of vulnerability into a company’s network, with botnets created to effectively learn the code. What Shape does is send out code that effectively changes access to a web page. The solution, you can imagine, complements the sorts of defenses that are offered by other security companies — which white list and blacklist known threats, for example. As the price for botnets becomes increasingly cheap, and the cost of dealing with malware continues to rise, this seems to have resulted in a perfect storm for Shape.”

The company was founded by Sumit Agarwal with co-founders Derek Smith and Justin Call. Agarwal was one of the first Google mobile project manager and Assistant Deputy Secretary of Defense at Washington. Smith was the Former CEO of Oaklay Networks, Raytheon bought it. The company basically dealing with the cyber security threats with their technology called Real-Time-Polymorphism.