Gooooooood Morning Internet!
Besides channeling our inner Robin Williams, we over here at C:V. HQ are very excited to bring you the 2nd installment of our Monday Morning Memo:
Recap of Last Week:
Last week we featured Ben Horowitz as our VC of the week and also did a spotlight on Shape Security about their funding round and phenomenal management team.
What Lies Ahead:
This week you can expect a VC spotlight, a round of the week, and a piece on the current state of the Enterprise Security market. We may also add in a book review or even a valuation attempt, so stay tuned!!
In honor of the RSA Conference happening this week, we have decided to bestow our first “Round of the Week” on Shape Security.
After being rather tight-lipped since its inception and releasing its first product just last month, Shape has quickly become a force to be reckoned with. Armed with quite possibly the best Management/Board/Investor/Advisor combo in the security business and a fresh $40M in backing, this company need not be quiet about their plans anymore.
Name: Shape Security
Funding to Date: $66M ($6M A, $20M B, $40M C)
Deal Notables: The Board/Management team is literally an “All Star” cast of the security world. It is no surprise they have been able to secure so much funding prior to their product launch with the caliber of talent they have at their disposal (has to make for a crowded cap table though…). Highlights of the team below, but read here and here to see for yourself just how stacked they are.
- Sumit Agarwal – The 1st Google Mobile Product Manager and Former Deputy Assistant Secretary of Defense for US Department of Defense
- Shuman Ghosemajumder – Google’s former “Click Fraud Czar”
- Michael Coates – Former Chief Security Officer of Mozilla
*Editor’s note: We will be doing features on both the current state of the Enterprise Security market (hot like fire!!) and the relation of funding amounts to “Exceptional Co-Founders” in the near future so stay tuned!