Abnormal Security, a San Francisco, CA-based company which specializes in AI-native human behavior security, closed its Series D funding at $250M, at $5.1 Billion valuation.
The round was led by Wellington Management, with participation from existing investors Greylock Partners, Menlo Ventures, Insight Partners and CrowdStrike Falcon Fund.
The company intends to use the funds to continue to expand operations and its development efforts.
Led by CEO Evan Reiser, Abnormal Security provides an AI-native human behavior security platform leveraging machine learning to stop sophisticated inbound attacks and detect compromised accounts across email and connected applications. The anomaly detection engine leverages identity and context to understand human behavior and analyze the risk of every cloud email event—detecting and stopping sophisticated, socially-engineered attacks that target the human vulnerability.
Users can deploy Abnormal with an API integration for Microsoft 365 or Google Workspace and experience the full value of the platform instantly. Additional protection is available for Slack, Workday, Salesforce, ServiceNow, Zoom, Amazon Web Services and multiple other cloud applications.
The new investment follows years of growth as the company continues to see 100%+ year-over-year increases in annual recurring revenue, recently crossing $200 million in ARR. More than 2,400 organizations already use Abnormal to protect their employees, including 17% of the Fortune 500. Since last August, Abnormal has expanded further into Europe, Asia and Australia and is continuing the process of becoming FedRAMP compliant.
FinSMEs
06/08/2024