Shape Security hits $1B valuation with $51M Series F – TechCrunch

Anti-fraud startup Shape Security has tipped over the $1 billion valuation mark following its latest Series F round of $51 million. The Mountain View, Calif.-based company announced the fundraise Thursday, bringing the total amount of outside investment to $183 million since the company debuted in 2011. C5 Capital led the round, along with several other new and returning investors, including Kleiner Perkins, HPE Growth and Norwest Ventures Partners. Shape Security protects companies against automated and imitation attacks, which often employ bots to break into networks using stolen or reused credentials. Shape uses artificial intelligence to discern bots from ordinary users by comparing known information such as a user's location, and collected data, like mouse movements, to shut down attempted automated logins in real time.