Abnormal Security, a prominent player in the cybersecurity space, has just closed a $250 million Series D funding round, catapulting its valuation to $5.1 billion.
- Funding Highlights: The latest round, spearheaded by Wellington Management, saw contributions from key players like Greylock Partners, Menlo Ventures, Insight Partners, and the CrowdStrike Falcon Fund.
- Innovative Approach: Based in San Francisco, Abnormal Security leverages AI to fend off email and app-based cyberattacks.
- Rapid Growth: Since its 2018 inception by ex-Twitter architects Evan Reiser and Sanjay Jeyakumar, Abnormal Security has doubled its size and surpassed $200 million in annual revenue. It now serves over 2,400 clients, including Maersk, Xerox, and Mattel, covering about 17% of the Fortune 500.
- Strategic Investment: The new funds will enhance Abnormal’s AI-driven human behavior platform to better protect users from sophisticated email attacks and accelerate customers’ AI initiatives.
- Future Outlook: CEO Evan Reiser sees the IPO as a crucial step in Abnormal’s growth journey, with timing dependent on favorable market conditions.
Abnormal’s latest funding round reinforces its position as a major player in the evolving cybersecurity landscape, with strong investor confidence backing its innovative approach.
