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F5 acquires Shape Security for $1B

What the networking company gets with a shiny red ribbon is a security product that helps stop automated attacks like credential stuffing.

In an article earlier this year, Shape CTO Shuman Ghosemajumder explained what the company does:

As for Shape, CEO Derek Smith said that it wasn’t a huge coincidence that F5 was the buyer, given his company was seeing F5 consistently in its customers.

In its most recent round in September, the company raised $51 million on a valuation of $1 billion.

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