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April 26, 2012 03:29 pm GMT
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, Sequoia Limited Partner Guarav Garg, Baseline Ventures, and unnamed executives at LinkedIn, Twitter, and Facebook also participated in the round.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/X5cyT8lAgio/
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, Sequoia Limited Partner Guarav Garg, Baseline Ventures, and unnamed executives at LinkedIn, Twitter, and Facebook also participated in the round.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/X5cyT8lAgio/
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