The company, founded in 2011 and headquartered in Silicon Valley, has developed AI-powered application defenses that have deflected over $1B in fraud losses for major retailers, financial institutions, airlines, and government agencies. Shape's enterprise-based application security technology reduces fraud losses, chargebacks, stolen loyalty points, and unauthorized fund transfers, saving organizations billions of dollars lost to criminal activity. Shape Security was acquired by F5 in January 2020, joining forces to transform how we defend the world’s applications against abuse and fraud.