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Shape Security raises $25 million in funding, eyes China expansion

The company, which has gained traction among large enterprises, plans to expand in China with an initial focus on e-commerce companies.
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Written by Larry Dignan, Contributing Editor on

Shape Security said it has raised $25 million in additional venture capital as it preps to expand into China.

The security company, which specializes in thwarting automated Web and mobile attacks, came out of stealth mode two years ago with a Shape Shifter appliance. Shape now protects 355 million user accounts across Fortune 500 companies. The company also announced a mobile version of its Botwall Service.

According to Shape, which has raised $91 million in funding to date, the plan is to expand in China with an initial focus on protecting e-commerce. One of the participants in the most recent funding round for Shape is Beijing-based Northern Light Venture Capital.

Shape counts airlines, financial services companies, retailers and government entities as customers.

As for the Shape Botwall Service for Mobile, the company said it is deployed and protecting more than 10 million users for one of the top 5 mobile commerce apps.

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