How Much Did Material Raise? Headquarters, Funding & Key Investors

Material has raised $166 million in total funding, including a $40 million Series B in April 2021 and a $100 million Series C in May 2022 led by Founders Fund, Andreessen Horowitz, and Elad Gil, reaching a $1.1 billion valuation. Founded in 2016 and headquartered in Redwood City, California, Material develops advanced e-mail security solutions that protect enterprises from phishing, data leaks, and account takeovers. The company aims to scale operations globally, enhance AI-driven threat detection, and strengthen its leadership in the cybersecurity sector.

How Much Did Material Raise? Funding & Key Investors

Material has raised significant capital across multiple funding rounds, most recently securing $100 million in May 2022, led by Founders Fund and Andreessen Horowitz, at a $1.1 billion valuation. Founded in 2016, Material specializes in providing advanced e-mail security solutions to prevent hijacking, phishing, account takeover, and data leaks.

What Is Material and What Does It Do?

Material, founded in 2016 by Ryan Noon, Abhishek Agrawal, and Chris Park, is headquartered in Redwood City, California. The company provides enterprise-grade e-mail security solutions that protect critical messages, prevent phishing attacks, secure password resets, and offer visibility and control over sensitive communications.

With a team of 51-200 employees, Material serves enterprises looking to safeguard their e-mail infrastructure while improving operational security and compliance.

How Much Funding Has Material Raised?

1. Series B

Amount Raised: $40M
Date: April 2021
Lead Investors: Elad Gil, Andreessen Horowitz, Martin Casado
Motivation: To enhance platform capabilities and expand the team for enterprise growth.

2. Series C

Amount Raised: $100M
Date: May 2022
Lead Investors: Founders Fund, Andreessen Horowitz, Elad Gil
Motivation: To scale operations, enhance product offerings, and secure enterprise adoption.

Total Funding Raised: $166 Million

Current Valuation: $1.1 Billion (as of May 2022)

Latest Funding Date: October 2022

Key Investors

1. Andreessen Horowitz

Details: Venture capital firm investing in early-stage technology companies with a strong track record in enterprise and consumer tech.
Investment Focus Areas: Enterprise software, cybersecurity, consumer tech.
Notable Investments: Coinbase, Slack, Okta.

2. Founders Fund

Details: Early-stage and growth-stage venture capital firm known for technology investments and global support of startups.
Investment Focus Areas: Technology, cybersecurity, SaaS.
Notable Investments: SpaceX, Palantir, Airbnb.

3. Snowflake

Details: Cloud-based data warehousing company providing investment support to complementary enterprise software solutions.
Investment Focus Areas: Cloud infrastructure, data security, SaaS.
Notable Investments: Data-focused startups, enterprise SaaS platforms.

Where Is Material’s Headquarters?

Material is headquartered in Redwood City, California, giving it access to Silicon Valley’s talent pool, innovation ecosystem, and proximity to leading enterprise clients and strategic partners.

What’s Next for Material?

Material is focused on expanding its enterprise customer base and enhancing its e-mail security platform with advanced AI-driven threat detection. Future growth includes scaling globally, integrating with major communication platforms, and maintaining leadership in e-mail security amid rising cyber threats.

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