Shape Security: Kleiner Perkins & TomorrowVentures Lead $6M Round In Stealth Security Startup
Big corporations have been riddled by security attacks over the past year, and hackers are seemingly only becoming bolder and more resolute. As a result, market research firm The Radicati Group said that it expects the corporate web security market to grow to $2.5 billion over the next four years. It’s in this climate that a young, stealth startup is trying to put companies back on the offensive, and some notable Silicon Valley investors are buying in.
Mountain View-based Shape Security is announcing this morning that it has raised $6 million in series A financing, led by Kleiner Perkins Caufield & Byers and Google Executive Chairman Eric Schmidt’s TomorrowVentures. Accel Partner Peter Wagner, Baseline Ventures, and some undisclosed executives at LinkedIn, Twitter, and Facebook also participated in the round.