Material

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.