U.S.-based information security company Shape Security recently completed its fourth round financing of USD25 million, which will be reportedly used to expand into the Chinese market.
Baseline Ventures led the investments in the company. Other investors included Northern Light Venture Capital, Google Ventures, KPCB, Norwest Venture Partners, and Tomorrow Ventures.
So far, Shape Security gained total investments of USD91 million.
Derek Smith, chief executive officer of Shape Security, said that Chinese e-commerce companies are undergoing fast development and the products of Shape Security can help them. Derek said they paid attention to the Chinese market and believe that automated bot attacks have risen with the development of e-commerce. With the new capital, Shape Security will find market expansion partners to help them enter the Chinese market.
Shape Security's management team is full of former U.S. government employees from both the Department of Homeland Security and the Pentagon. So their entry into China may provoke reciprocal outrage in China that Americans had for China's ZTE's entry into the United States because ZTE has strong ties to China's defense and government sector.
