Abnormal Security, a leader in AI-native human behavior security, has successfully closed its Series D funding round with total expected proceeds of $250 million at a $5.1 billion valuation. This new round brings the company’s total funding to $546 million, led by Wellington Management, with contributions from Greylock Partners, Menlo Ventures, Insight Partners, and CrowdStrike Falcon Fund. The funding will support Abnormal Security’s mission to safeguard humans from cybercrime using advanced AI to detect and prevent sophisticated socially-engineered attacks.
Funding Details
- Series D Round: Raised $250M, valuing the company at $5.1B.
- Total Funding: Increases to $546M with participation from key investors.
- Lead Investor: Wellington Management, with existing investors Greylock Partners, Menlo Ventures, Insight Partners, and CrowdStrike Falcon Fund also contributing.
Unique Approach to Cybersecurity
- AI-Driven Protection: Uses AI to analyze human behavior and detect anomalous activity.
- Platform Capabilities: Provides email security for Microsoft 365 and Google Workspace, and multi-platform defense for SaaS applications like Workday, Salesforce, and AWS.
- Autonomous AI Models: Detects and stops new types of attacks with high accuracy and speed.
Growth and Market Presence
- Revenue Growth: Achieved over 100% year-over-year increase in annual recurring revenue, surpassing $200 million.
- Customer Base: Protects over 2,400 organizations, including 17% of the Fortune 500.
- Global Expansion: Recently expanded into Europe, Asia, and Australia and is pursuing FedRAMP compliance.
Supporting Quotes
- Evan Reiser, CEO: Emphasizes commitment to protecting humans with AI and plans to expand the platform’s capabilities.
- Rob Mazzoni, Wellington Management: Highlights the company’s rapid success and potential for market leadership.
- Saam Motamedi, Greylock Partners: Praises Abnormal Security’s early adoption of AI in cybersecurity and its problem-solving capabilities.
- Rodney Masney, CIO, O-I Glass: Commends Abnormal Security’s AI for improving organizational trust and security.
The $250 million Series D funding round positions Abnormal Security to enhance its AI-driven human behavior security platform further. With continued growth and global expansion, the company is set to strengthen its role in protecting against evolving cyber threats and socially-engineered attacks.
