WEB Abnormal Security Valued at $4.1B Amid Email Security Push, Eyes IPO
SAN FRANCISCO, Calif. - Aug. 6, 2024 -
Abnormal Security, the leader in AI-native human behavior security, today announced it has raised $250 million in a Series D round of funding, valuing the company at $4.1 billion. The round was led by Insight Partners, with participation from existing investors Redpoint Ventures, Sequoia Capital, and Y Combinator.Abnormal Security's platform uses AI to analyze human behavior and identify threats that traditional security solutions miss. The company's technology has helped organizations prevent credential phishing and business email compromise attacks, which are among the most common and damaging cyber threats today.
"We're excited to partner with Insight Partners and our other investors as we continue to grow and innovate," said Evan Reiser, co-founder and CEO of Abnormal Security. "This funding will allow us to accelerate our product development, expand our go-to-market efforts, and pursue strategic acquisitions."
The Series D funding round brings Abnormal Security's total funding to date to $400 million. The company has experienced rapid growth in recent years, with its annual recurring revenue (ARR) growing by more than 300% in 2023. Abnormal Security now has over 1,000 customers, including some of the world's largest enterprises.
"Abnormal Security is a clear leader in the email security market," said Michael Triplett, Managing Director at Insight Partners. "Their AI-native approach is a game-changer, and we're excited to support them as they continue to grow and disrupt the industry."
Abnormal Security is headquartered in San Francisco, California. The company has offices in New York, London, and Tokyo.
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