Disruptive Web Security Startup Shape Security Nabs $20M From Venrock, Google Ventures, Kleiner, Eric Schmidt

 

Shape Security, a company that wants to disrupt web security technology, has raised $20 million in a Series B financing round led by Venrock, with participation from Kleiner Perkins Caufield & Byers, Allegis Capital, Google Ventures, Google Executive Chairman Eric Schmidt’s TomorrowVentures and former Symantec CEO Enrique Salem. The new funding brings Shape’s total amount raised to $26 million.

 

As we’ve written in the past, Shape Security wants to change the web security paradigm by shifting costs from defenders to hackers. The premise is that companies are forced to rely on identifying and classifying malware and botnets attack signatures that have occurred in the past, with the hopes of easily finding and shutting them down in the future. But sustaining this kind of security requires a lot of human and financial capital, so Shape has developed military-grade technology that doesn’t rely on past attack signatures, and instead forces hackers to spend more and more to achieve less and less.

 
For more information on Shape Security, please visit their site or read the entire article on TechCrunch