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Shape Security

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Shape SecurityShape Security
Type
Private
IndustryInternet
Founded 📆2012; 8 years ago (2012)
Founders 👔
  • Derek Smith
  • Sumit Agarwal
  • Justin Call
Headquarters 🏙️,
Mountain View, California
,
U.S.
Area served 🗺️
Key people
  • Derek Smith (CEO)[1]
  • Shuman Ghosemajumder (CTO)[2]
Services
  • Security as a service, cybersecurity
Members
Number of employees
Websitewww.shapesecurity.com
address
telephone

Shape Security is a cybersecurity company and unicorn startup[3][4] in Mountain View, California, which protects major websites and mobile apps[5] against credential stuffing and other types of cybercrime. It secures the largest companies in banking, air travel, and retail, such as Starbucks.[6][7]

Their technology was referred to by Ted Schlein of Kleiner Perkins as "the world's first botwall".[8][9]

In December 2019, F5 announced plans to acquire Shape Security for $1 billion US dollars.[10][11]

History[edit]

It was founded by Derek Smith, Justin Call, and Sumit Agarwal.[12][13] In 2012, Google’s click fraud czar, Shuman Ghosemajumder, joined the executive team.[14]

The company has raised $132 million in venture capital funding,[15] from Kleiner Perkins, Google Ventures, Google Chairman Eric Schmidt,[16] Venrock,[17] Norwest Venture Partners, and Sierra Ventures.[18]

It was the fastest-growing company in California from 2014 to 2017, according to Deloitte,[19] and was #1 in patents on the AI100 list of top artificial intelligence companies in 2019.[20]

In 2017, they introduced an AI-based system to track stolen passwords called BlackFish.[21][2]

Open source[edit]

In addition to its commercial business, the company is known for supporting numerous open source projects. Their engineering team includes the creator of PhantomJS, a web browser automation tool. Other projects the company officially open sourced include Unminify,[22] a tool for the deobfuscation of JavaScript, and Salvation,[23] a tool for implementing Content Security Policy. In 2019, they hired Java language co-author Gilad Bracha.[24]

References[edit]

  1. "Cybersecurity Startup Shape Security Expands to China". Wall Street Journal. January 13, 2016. Retrieved December 26, 2019.
  2. 2.0 2.1 "Shape Security introduces tool to blunt impact of stolen password caches". TechCrunch. November 7, 2017. Retrieved December 26, 2019.
  3. "Shape Security Raises $51 Million at $1 Billion Valuation". SecurityWeek. September 12, 2014. Retrieved December 21, 2019.
  4. "Shape Security: How This Unicorn Is Leveraging AI to Tackle Cybersecurity Crimes". Karma Impact. October 14, 2019. Retrieved December 26, 2019.
  5. "Shape Security Brings Its Bot-Blinding Technology to Mobile Apps". Vox. January 13, 2016. Retrieved December 26, 2019.
  6. "Shape Security picks up $51M at $1B valuation to combat online fraud and bots". Silicon Angle. September 12, 2019. Retrieved December 21, 2019.
  7. "How Starbucks combats Credential Stuffing and Account Takeover". YouTube. May 15, 2018. Retrieved December 21, 2019.
  8. "Can Shape Security revolutionize Web defense?". USA Today. January 21, 2014. Retrieved December 26, 2019.
  9. "Shape Security's bid to battle botnets". Fortune. February 6, 2014. Retrieved December 26, 2019.
  10. "F5 acquires Shape Security for $1B". TechCrunch. December 20, 2019. Retrieved December 26, 2019.
  11. "F5 to acquire Shape Security for approximately $1 billion". ZDNet. December 20, 2019. Retrieved December 26, 2019.
  12. "Ex-Googlers' Startup Shape Turns Hackers' Code-Morphing Tricks Against Them". Forbes. February 10, 2014. Retrieved December 26, 2019.
  13. "CNBC Disruptors 50". CNBC. June 17, 2017. Retrieved December 21, 2019.
  14. "Stealthy Shape Security Hires Google's Former Click-Fraud Czar". TechCrunch. July 2, 2017. Retrieved December 21, 2019.
  15. "Shape Security Raises $26 Million To Prevent Attackers From Committing Online Fraud". Pulse 2.0. November 5, 2018. Retrieved December 21, 2019.
  16. "Shape Security: Kleiner Perkins & Eric Schmidt Lead $6M Round In Stealth Security Startup". TechCrunch. April 26, 2012. Retrieved December 21, 2019.
  17. "Big Names Keep Throwing Money At Shape Security, A Stealthy Startup". Business Insider. January 7, 2013. Retrieved December 21, 2019.
  18. "Ex-Googler-Founded Shape Security Picks Up Another $40M". TechCrunch. February 2, 2014. Retrieved December 21, 2019.
  19. "Deloitte Fast 500 2018" (PDF). Deloitte. November 15, 2018. Retrieved December 21, 2019.
  20. "AI 100: The Artificial Intelligence Startups Redefining Industries". CBInsights. February 6, 2019. Retrieved December 21, 2019.
  21. "Shape Security Introduces BlackFish AI to Combat Credential Stuffing". eWeek. November 7, 2017. Retrieved December 26, 2019.
  22. "Unminify". GitHub. December 21, 2019. Retrieved December 21, 2019.
  23. "Salvation". GitHub. December 21, 2019. Retrieved December 21, 2019.
  24. "Shape Security picks up $51M at $1B valuation to combat online fraud and bots". TechCrunch. September 12, 2014. Retrieved December 21, 2019.

External links[edit]


This article "Shape Security" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Shape Security. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.


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