Abnormal Security, the forefront in AI-native human behavior security, has successfully closed its Series D funding round on $250m, which has propelled the company’s valuation to an impressive $5.1bn.
The investment round was led by Wellington Management, with continued support from existing stakeholders including Greylock Partners, Menlo Ventures, Insight Partners, and the CrowdStrike Falcon Fund. To date, Abnormal Security has amassed a total funding of $546m through its financing rounds.
Central to its mission, Abnormal Security is dedicated to shielding individuals from cybercrimes by employing advanced AI technology. This involves the intricate analysis of human behavior to identify and thwart sophisticated socially-engineered attacks prevalent in today’s digital ecosystem.
With the rise of generative AI, the spectrum of cyber threats has broadened, making conventional security measures obsolete. Abnormal’s strategy revolves around an API-connected platform that scrutinizes multiple data sets to establish a baseline of known behaviors. Its autonomous AI models are finely tuned to detect anomalies and halt unprecedented cyber threats swiftly and efficiently.
The newly secured funds are earmarked for further development of Abnormal’s human behavior AI platform. This will enhance the company’s capacity to protect users across various applications more effectively, while also supporting customers in accelerating their AI-driven initiatives.
Abnormal Security has shown remarkable growth, doubling its annual recurring revenue to over $200m. The company’s solutions are trusted by over 2,400 organizations globally, including 17% of the Fortune 500 companies. Its recent expansions into international markets like Europe, Asia, and Australia, and its progress towards FedRAMP compliance underscore its ongoing success and global outreach.
Evan Reiser, CEO and cofounder of Abnormal Security, commented on the funding: “We are relentless in fulfilling our mission of protecting humans with AI, and we’ve earned the trust of our customers by providing the best product in human behavior security. This funding allows us to further invest in our human behavior AI platform to protect more people across their everyday applications, while enabling customers to accelerate their AI initiatives with autonomous AI solutions.”
Rob Mazzoni from Wellington Management praised the company’s trajectory: “The early success of Abnormal Security is impressive, with the platform well-positioned to address the vast human behavior and identity-centric cybersecurity challenges we’re facing today.
“Abnormal offers significant value to CISOs, contributing to the company’s rise toward market leadership in only a few years. We believe Abnormal has the potential to become a generational company known worldwide, and we’re thrilled to be leading this round as the company sets its sights on the public market.”
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