Shape Security raises $40 million in funding to build its “botwall” for businesses

Shape Security — the enterprise startup that emerged from stealth last month with an enterprise product that fights automated malware and bots by way of a firewall (or ‘botwall’ in its words) that shifts its shape depending on what is trying to scale it — has picked up another $40 million in funding. The Series C round will be used to help the startup continue to develop its technology (which today works through a piece of hardware that a client installs on its premises, but may in future move further into a virtualised solution in the cloud); and it will also be used to help build up its salesforce globally, now that Shape is openly marketing itself.