Abnormal Security Valued at $5.1 Billion With $250 Million Round

<p dir&equals;"ltr"><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; <a href&equals;"http&colon;&sol;&sol;abnormalsecurity&period;com&sol;&quest;utm&lowbar;source&equals;businesswire&amp&semi;utm&lowbar;medium&equals;PR&amp&semi;utm&lowbar;content&equals;series-d-funding">Abnormal Security<&sol;a>&comma; a provider of AI-native human behavior security&comma; announced the close of its Series D funding round&comma; with total expected proceeds of &dollar;250 million at a &dollar;5&period;1 billion valuation&period; The current round brings the total expected proceeds to &dollar;546 million and is led by Wellington Management&comma; with participation from existing investors Greylock Partners&comma; Menlo Ventures&comma; Insight Partners and CrowdStrike Falcon Fund&period; The latest infusion of capital will enable the company to continue its mission of protecting humans from cybercrime through the power of AI&comma; understanding human behavior to detect and prevent today’s most dangerous socially-engineered attacks&period;<&sol;p>&NewLine;<p dir&equals;"ltr">Today’s email and cloud account breaches are rooted in tactics that exploit human behavior&comma; and today’s enterprises are increasingly susceptible&period; In particular&comma; the rise of generative AI has enabled even petty criminals to create highly-sophisticated attacks at scale&comma; and the interconnected nature of the cloud ecosystem gives unconstrained access to all connected accounts&period; The result is an increase in widespread data breaches with extensive financial and reputational consequences&period;<&sol;p>&NewLine;<p dir&equals;"ltr">To prevent this threat&comma; Abnormal Security takes a unique approach to understanding human behavior&period; In order to protect humans with AI&comma; the platform connects via API to analyze thousands of signals from multiple data sets and precisely baseline known behavior&period; 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&period; In addition to providing email security for Microsoft 365 and Google Workspace&comma; Abnormal also delivers uniform multi-platform defense for more than a dozen cloud infrastructure and SaaS applications including Workday&comma; Salesforce&comma; ServiceNow&comma; Slack and Amazon Web Services&period;<&sol;p>&NewLine;<p dir&equals;"ltr">The new investment follows years of exponential growth as Abnormal Security continues to see 100&percnt;&plus; year-over-year increases in annual recurring revenue&comma; recently crossing &dollar;200 million in ARR&period; More than 2&comma;400 organizations already trust Abnormal to protect their employees&comma; including 17&percnt; of the Fortune 500&period; Since last August&comma; Abnormal has expanded further into Europe&comma; Asia and Australia and is continuing the process of becoming FedRAMP compliant&period;<&sol;p>&NewLine;<p dir&equals;"ltr"><strong>Evan Reiser&comma; CEO and cofounder&comma; Abnormal Security&comma; said&colon; <&sol;strong>&OpenCurlyDoubleQuote;We are relentless in fulfilling our mission of protecting humans with AI&comma; and we’ve earned the trust of our customers by providing the best product in human behavior security&period; This funding allows us to further invest in our human behavior AI platform to protect more people across their everyday applications&comma; while enabling customers to accelerate their AI initiatives with autonomous AI solutions&period;”<&sol;p>&NewLine;<p dir&equals;"ltr"><strong>Rob Mazzoni&comma; Wellington Management&comma; said&colon;<&sol;strong> &OpenCurlyDoubleQuote;The early success of Abnormal Security is impressive&comma; with the platform well-positioned to address the vast human behavior and identity-centric cybersecurity challenges we’re facing today&period; Abnormal offers significant value to CISOs&comma; contributing to the company’s rise toward market leadership in only a few years&period; We believe Abnormal has the potential to become a generational company known worldwide&comma; and we’re thrilled to be leading this round as the company sets its sights on the public market&period;”<&sol;p>&NewLine;