C5 Invests in Shape Security

C5 Capital leads $51 million growth funding round into Shape Security, the leading online fraud prevention platform and the fastest growing company in Silicon Valley  

C5 will use its network and experience to support Shape’s international expansion  

London, September 12 2019: C5 Capital, the specialist venture capital firm focused on cyber security, data analytics and cloud computing, has led a $51 million financing round in Shape Security, maker of the leading platform for bot and online fraud mitigation for the world’s largest companies.

Investing alongside C5 are renowned Silicon Valley and corporate investors Kleiner Perkins, HPE Growth, Norwest Ventures Partners, Focus Ventures, JetBlue Technology Ventures, Top Tier Capital Partners, and EPIC Ventures. The new capital brings the total amount raised by Shape, founded in 2011, to $173 million with a pre-money valuation on the business of $1 billion.

Shape uses AI-powered automation and fraud detection capabilities to distinguish between human and automated traffic and defend some of the world’s largest enterprises against cyber-security initiated fraud against their online applications.  Shape protects more than half of all online banking in North America as well as global brands across retail,telecommunications, government, travel and hospitality, insurance, and healthcare industries. As the world leader in online fraud prevention, the company protects more accounts from fraud than all other providers in the space combined and its technology detects and blocks up to two billion fraudulent or unwanted  transactions every day.

C5 Capital’s investment comes as Shape focuses on international expansion and C5 will bring its network and experience in helping companies develop internationally to support Shape’s growth beyond the North American market and particularly in Europe where cyber fraud awareness remains lower than in the US.

The transaction marks the fourth investment for C5 Capital in 6 months and its sixth investment in the last 12 months, following its investments in in-memory grid provider Hazelcast, and Blue Cedar, a leading developer of no-code mobile app security solutions.

Shape was recently recognized as a World Economic Forum Technology Pioneer, as a CB Insights AI 100 company, and in the Deloitte Technology Fast 500™as the fastest-growing company in Silicon Valley and the third-fastest growing company in the US.

Commenting on the investment Andre Pienaar, Managing Partner C5 Capital, Said  

“We are delighted to have led this funding round and excited by our investment in Shape which has established itself as the leading online fraud prevention platform. C5 will use its considerable experience in helping companies expand globally to support Shape as it targets international growth beyond its still fast-growing North American market.”

Commenting on the investment Derek Smith, co-founder and CEO of Shape Security, said:

“This investment will help us scale our international operations and fuel our AI development. Our new and returning investors, coupled with our continued track record of growth, underscore our vision to protect all enterprises from fraudulent Internet transactions.”

Press Contact – C5 Capital

Charlie Jack/Andrew Leach

C5Capital@hudsonsandler.com

0207 706 4133

About C5 Capital 

C5 Capital Limited (C5) is a specialist venture capital firm, focused on Innovative Technologies in Cyber Security, Artificial Intelligence and Cloud Computing. Headquartered in London, C5 also has offices in Washington, Munich, Luxembourg and Bahrain. For more information, visit: www.c5capital.com

About Shape Security

Shape Security, based in Mountain View, CA, invented the world’s first botwall in 2011. Today, Shape defends the world’s largest enterprises from all types of fraud against their online applications, including more than half of all online banking in North America. Shape’s fraud prevention platform detects and blocks up to 2 billion fraudulent or unwanted transactions daily, while keeping 200 million legitimate human logins and other interactions safe. Shape provides omnichannel protection for web applications, mobile applications and API interfaces; the company’s mobile SDK is deployed on more than 200 million iOS and Android devices worldwide. The company has been recognized as a World Economic Forum Technology Pioneer, as a CB Insights AI 100 company, and in the Deloitte Technology Fast 500™as fastest-growing company in Silicon Valley and the third-fastest growing company in the U.S. To learn more, visit www.shapesecurity.com.

ANDRÉ PIENAAR ON SHIELD IN THE CLOUD

Now in it’s third year, André Pienaar, Managing Partner of C5 Capital, gives his thoughts on C5’s Shield in the Cloud Innovation Challenge.

Q – C5’s Shield in the Cloud Innovation Challenge was established in 2018, and having just announced the 2019 Shield in the Cloud Winners, what are the goals and motivations behind this event?

André Pienaar: The objective of the SITC is to recognise bold leadership and innovative, cloud-based solutions in combatting corruption on the world stage. Corruption can be defeated, and innovative technologies are creating new opportunities to tackle this corruption.  Shield in the Cloud’s aim is to recognise and nurture the next phase of innovation and to encourage building networks and information sharing for solving complex challenges. 

Q – How important is Shield in the Cloud, and events like it, in combating corruption and improving transparency worldwide?

André Pienaar: Tackling corruption is a complex and multidimensional task, and working as a collective can only make tackling it stronger. The Shield in the Cloud is about recognizing the organizations that are developing new technologies and applications. By working together, we can make policy and decision makers aware of what can be done.

Q – Next year, the Corruption Perception Index (CPI) will enter it’s 25th year, yet there are a number of countries, such as Zimbabwe and Iran, which remain stubbornly low on that list. How do you think that technological innovations can help improve this in these countries specifically?

André Pienaar: Innovation empowers actors and local communities to push for more transparency which is a major factor in taking power away from corrupt governments. Innovative technology empowers citizens by allowing them to participate directly in solutions; this level of control and active engagement directly makes a difference at the local level, and this is where the best solutions take hold over the long term. As corruption is becoming increasingly complex, these technologies fight through that complexity.

C5 Capital is proud to lead $21.5 million funding round for in-memory computing platform Hazelcast

Hazelcast, the leading in-memory computing platform that delivers the System of Now™, today announced it has closed a $21.5 million funding round led by new investor C5 Capital, a UK-based venture capital firm focused on cybersecurity, data analytics and cloud computing. Existing investors Bain Capital Ventures, Earlybird Venture Capital and Capital One Growth Ventures also participated in the round. With this new investment, Hazelcast will accelerate its product roadmap and bolster go-to-market capabilities, including strategic partnering.
With $21.5M in new funding, Hazelcast will advance its in-memory computing leadership for Global 2000 enterprises.

According to Gartner(1), “Digital business model imperatives are demanding cost-effective support for real-time analytics, hyperscale architectures and fast access to data demanded by digital business models, which in turn drives fast growth for most in-memory computing (IMC)-enabling technologies and IMC-enabled architectures.”
“From the cloud to the internet of things, the macro trends hitting today’s enterprises require a new approach to data processing for meeting the time-sensitive demands of data-centric applications,” said Kelly Herrell, CEO of Hazelcast. “Hazelcast enables its customers to establish a System of Now through its platform that scales linearly and delivers the industry’s fastest processing for stored and streaming data, leaving competitive offerings far behind as data sizes and processing loads grow.”
A System of Now is an ultra-fast processing architecture for mission-critical applications where microseconds matter. The world’s most data-centric companies complement their systems of record, such as databases, by creating a System of Now that operates in near real-time to accelerate applications, such as online stores, fraud detection, online trading and other customer-facing use cases. Unlike the disk-based designs used by systems of record, the System of Now uses in-memory computing to process data at tremendous speed and scale, especially for new data-centric workloads.
With this new round, C5 Capital Managing Partner Marcos Battisti joins Hazelcast’s board of directors.
“Hazelcast is a true leader in a rapidly emerging new market dynamic,” Battisti said. “With an incredibly impressive customer list and its advanced in-memory computing architecture, Hazelcast will continue to gain recognition as the world’s largest organizations evolve their business applications to take advantage of the in-memory computing era.”
With a strong customer base consisting of predominantly Global 2000 enterprises, Hazelcast’s annual recurring revenue (ARR) has grown 300 percent in the past three years. Hazelcast customers include J.P. Morgan Chase, Charter Communications, Ellie Mae, UBS, National Australia Bank and many more.
Founded in 2012, Hazelcast launched its in-memory data grid (IMDG) product to directly address the inherent limitations of databases in use cases where microseconds count, including payment processing, microservices, fraud detection and many more. More recently, Hazelcast introduced two new products: Hazelcast Cloud, a managed service, and Hazelcast Jet, the industry’s fastest event stream processing engine.

Onevinn Recognized as Finalist for 2019 Microsoft Security and Compliance Partner of the Year Award!

Haven Cyber Technologies is pleased to announce that its operating company, Onevinn, has been named a finalist in the 2019 Microsoft Security and Compliance Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.

Olivier Weddrien, Executive Chairman of Haven Cyber Technologies, said, “It is an honor to have Onevinn named as a finalist. We pride ourselves in offering the best cloud security services and solutions to our clients, and it is very rewarding to see this recognized by Microsoft.”

Awards were presented in several categories, with winners chosen from a set of more than 2,900 entrants from 115 countries worldwide. Onevinn was recognized for providing outstanding solutions and services in security and compliance.

“It’s an honor to recognize finalists and winners of the Microsoft 2019 Partner of the Year Awards,” said Gavriella Schuster, Corporate Vice President, One Commercial Partner, Microsoft Corp. “These companies are successfully leading their industries, building intelligent solutions, addressing complex business challenges and making more possible for customers around the world. I’m honored to congratulate each winner and finalist.”

The Microsoft Partner of the Year Awards recognize Microsoft partners that have developed and delivered exceptional Microsoft-based solutions during the past year.

Haven Cyber Technologies is one of the fastest growing Managed Security Service Providers (MSSP) in Europe. It is backed by the specialist venture capital firm C5 Capital and currently has two operating companies, ITC Secure and Onevinn. Onevinn is the leading Swedish provider of Microsoft cloud security services and solutions.

C5 announces the winners of its annual Shield in the Cloud anti-corruption innovation challenge

Washington D.C., March 26 2019: C5 Capital, the specialist venture capital firm focused on cyber security, data analytics and cloud computing, is pleased to announce the winners of its annual, global anti-corruption innovation challenge, Shield in the Cloud.

Now in its second year, the Shield in the Cloud competition is run by C5 Capital’s philanthropic arm the Cloud Leadership Centre and was created to bring together and recognise the best and brightest minds working to innovate the fight against corruption.

There are three anti-corruption innovation categories:

  • Dream Big Shield – recognizing the most innovative start-ups and companies
  • Government Shield – recognizing Government departments and multilateral organizations
  • NFP Shield – recognizing not-for-profits.

There are also two Special Recognition awards, for Bold Leadership and Most Impactful Program.

This year’s winners are:

  • Dream Big Shield: 4iQ, an identity intelligence company on a mission to empower identity protection providers, intel analysts, security researchers, and criminal investigators with capabilities to discover, uncover, and disrupt adversaries and prevent fraud, identity theft, account takeover and cyber espionage
  • NFP Shield: The Governance Lab at New York University, a not-for-profit with the goal of helping institutions to govern more effectively and legitimately through technology
  • Government Shield: The Government of Estonia, for its best practices and leading innovations in the implementation of the National Cloud that enables digital democracy through the provision of services online thereby adding transparency and accountability across Estonian political life
  • Special Recognition – Bold Leadership: This was awarded to two people, Lord Robin Renwick, and the Hon. Chester A. Crocker, in recognition of their bold leadership in good governance and of their work fighting corruption in post conflict societies.  Lord Renwick said: “I was very pleased to participate in the Shield in the Cloud award ceremony and to congratulate the organisers, sponsors and C5 on the contribution they are making to better governance and the fight against corruption.”
  • Special Recognition – Most Impactful Program: The McCain Institute

The winners were selected by an internationally recognized board of judges with a mix of legal, technical and entrepreneurial backgrounds, and were first revealed at the Shield in the Cloud Awards gala last week. At the gala, Robert Zoellick, former president of the World Bank, US Trade Representative, and Deputy Secretary of State, gave a speech on how open data, transparency, and technology can help fight corruption.

He said: “I was delighted to see the sterling examples of the Government of Estonia, the Governance Lab at NYU, as well as 4iQ and look forward ‎to seeing how the Cloud Leadership Centre works with emerging markets in the future.”

Andre Pienaar, C5 Founder, commented: “Congratulations to all the winners of this year’s challenge. It is extremely important that we not only recognise organisations such as these – that are using innovation and technology to combat corruption – for the good work they do, but also that we show policy and decision makers exactly what is possible, and what is already being done.”

Jamie Lowther-Pinkerton, Chairman of the Cloud Leadership Centre, commented: “Shield in the Cloud provides an outstanding forum in which to gather world leaders in the field of countering corruption to consider the future of how we overcome this critical challenge facing global society. Honouring these extraordinary awardees offers us a privileged insight into what together we could achieve, scaling their brilliant ideas and initiatives and following their lead.”

The Cloud Leadership Centre thanks its sponsors, SAP NS2, The Longaberger Family Foundation and C5 Capital.

Enquiries:

Emily Jones at Hudson Sandler: ejones@hudsonsandler.com / 0207 710 8936

About C5 Capital

C5 Capital Limited (C5) is a specialist venture capital firm, focused on Innovative Technologies in Cyber Security, Artificial Intelligence and Cloud Computing. Headquartered in London, C5 also has offices in Washington, Munich, Luxembourg and Bahrain. For more information, visit: www.c5capital.com.

About Cloud Leadership Centre

The Cloud Leadership Centre (CLC) is the philanthropic arm of C5. Its mission is to support digital transformation for positive change.

André Pienaar – Founder & Managing Partner of C5 Capital

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A lot of money is flowing into already developed companies, the question of the key attributes of late stage VC investment is important for anyone looking to be a Venture Capitalist. Founder and Managing Partner André Pienaar has 6 portfolio companies in the technology sector. In this interview, André Pienaar will help clarify late stage venture capitalist investment and go into more detail about his portfolio companies and the benefits C5 Capital provides them. His responses to these questions follows.

Continue reading “André Pienaar – Founder & Managing Partner of C5 Capital”

André Pienaar Interviews Arno Robbertse

André Pienaar: “Welcome to the C5 Channel. C5 is a specialist venture capital fund that invests in cyber security, cloud computing and artificial intelligence. Today Arno Robbertse, the chief executive of one of our portfolio companies, ITC Secure has come to have a cup of tea with me here in London. Arno, ITC Secure advises some of the world’s leading corporations about their cyber security. Your conversations with the chief executives and the boardroom directors of these global corporations, what’s on their mind as they go into 2019 and they consider their cyber security risk?”

Continue reading “André Pienaar Interviews Arno Robbertse”