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Google Ventures latest firm to join Shape Security Series A round

3 Jul 2012

Corporate investment giant Google Ventures followed its parent company’s executive chairman Eric Schmidt in joining a Series A round for Shape Security.

Schmidt’s Tomorrow Ventures invested in the web security company in April alongside Kleiner Perkins Caufield & Byers, which led the financing round.

Other participants so far have included Baseline Ventures, former partners at Sequoia Capital and Accel Partners, and top executives from Dropbox, Facebook, LinkedIn, and Twitter.

Google Ventures partner Karim Faris said, “We’re in a unique position to see the threat of botnet attacks on a truly global scale, and it’s far greater than most people realise.

“With Shape’s technology, major web and social media properties will be able to protect their sites and users from automated attacks in new and innovative ways.

“Shape’s approach will make building and running botnets onerous and cost-prohibitive for attackers, completely changing the dynamic of web security.”

Google Ventures aims to help its entrepreneurs succeed by providing access to uniquely hands-on and dedicated resources such as its Design Studio, Marketing, Recruiting, and Engineering Teams, and Startup Lab.

It was founded in 2009 and provides seed, venture and growth stage funding.

In March Google Ventures and Andreessen Horowitz were among seed investors in big data exploration company ClearStory Data.

Khosla Ventures and several business angels also invested in the California-based company, which attempts to bring dispersed data together from multiple corporate sources and the web.

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