CyberTech Material Security lands $100m to hit billion-dollar valuation

Material Security, a CyberTech that helps companies protect their emails, has scored $100m in new Series C funding.  

According to Material, the Series C raise values the company at $1.1bn just two years after Material rolled out its first product.

Founded by ex-Dropbox engineers, Material was started following the 2016 US presidential election after the fragility of private data was shown front and centre during the campaign.

The company claims it protects accounts even after they’re compromised or harmful messages get through. The offering is completely entirely cloud-based, deploys in 30 minutes, and can be exclusively managed by the customer.

Material said it offers security trams the ability to redact sensitive content in email and make them available only after a two-factor verification step. This enables the firm market tools to help with email data leak prevention, phishing herd immunity, account takeover and other visibility and admin controls.

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