Diligence memo · auto-generated · as of July 1, 2026
Shape Security, Inc.
Shape Security, Inc. has raised $92M over 4 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Shape Security, Inc. operates in Cybersecurity, based in Menlo Park.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Shape Security, Inc. has raised $92M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $40M on 2014-02-21.
Most recent recorded round closed around 2018-09-25.
Valuation (modeled)modeled
Provath models Shape Security, Inc. at approximately $928M (range $101M–$2.4B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 19 months.
Last raise 7.8 yr ago; this sector typically re-raises about every 15 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 96% of Cybersecurity peers (270 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: DWM Securitizations S.A., Lookingglass Cyber Solutions, Inc..
Peoplefiled
20 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.