Abnormal Security, the leader in AI-native human behavior security, announced the close of its Series D funding round, with total expected proceeds of $250 million at a $5.1 billion valuation. The current round brings the total expected proceeds to $546 million and is led by Wellington Management, with participation from existing investors Greylock Partners, Menlo Ventures, Insight Partners and CrowdStrike Falcon Fund. The latest infusion of capital will enable the company to continue its mission of protecting humans from cybercrime through the power of AI, understanding human behavior to detect and prevent today’s most dangerous socially-engineered attacks.
Today’s email and cloud account breaches are rooted in tactics that exploit human behavior, and today’s enterprises are increasingly susceptible. In particular, the rise of generative AI has enabled even petty criminals to create highly-sophisticated attacks at scale, and the interconnected nature of the cloud ecosystem gives unconstrained access to all connected accounts. The result is an increase in widespread data breaches with extensive financial and reputational consequences.
To prevent this threat, Abnormal Security takes a unique approach to understanding human behavior. In order to protect humans with AI, the platform connects via API to analyze thousands of signals from multiple data sets and precisely baseline known behavior. Autonomous AI models then enable Abnormal to precisely detect anomalous activity and stop never-before-seen attacks with superhuman speed and accuracy—understanding human behavior better than humans to protect humans better than humans. In addition to providing email security for Microsoft 365 and Google Workspace, Abnormal also delivers uniform multi-platform defense for more than a dozen cloud infrastructure and SaaS applications including Workday, Salesforce, ServiceNow, Slack and Amazon Web Services.
The new investment follows years of exponential growth as Abnormal Security continues to see 100%+ year-over-year increases in annual recurring revenue, recently crossing $200 million in ARR. More than 2,400 organizations already trust 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.
SOURCE: BusinessWire