Cybersecurity Startup Shape Security Raises $40M Round

September 2016

Shape Security, a shape-shifting cybersecurity startup that helps websites and apps prevent automated attacks through constantly changing their source code, revealed it has now closed a $40 million funding round, which includes a strategic investment from Hewlett Packard Enterprise’s (HPE) Hewlett Packard Pathfinder program.

The Series D round was announced back in January — originally at $25 million — with some well-known investors on board, including GV (Google Ventures) and Eric Schmidt’s Tomorrow Ventures. In addition to HPE, one more investor got on board in the intervening months — EDBI, the investment arm of the Singapore Economic Development Board. Other investors announced previously include Baseline Ventures, Kleiner Perkins Caufield & Byers, NVP, Venrock, and Northern Light Ventures.

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