Material Security joined the Unicorn Club after raising $162 million across multiple funding rounds, reaching a $1.1 billion valuation. Founded in 2017 and headquartered in Boston, Massachusetts, United States, Material Security provides cybersecurity solutions focused on email security, protecting organizations from phishing, malware, and credential compromise.
The platform leverages AI driven detection, continuous monitoring, and policy enforcement to safeguard enterprise communications.
Keep reading to learn how Material Security scaled into a $1.1 billion cybersecurity unicorn.
What Is Material Security and What Does It Do?
Founded in 2017, Material Security is a cybersecurity company that specializes in protecting email and communication systems from attacks. Its platform prevents phishing, malware, and account compromise using AI driven threat detection and enforcement of security policies.
Material Security helps organizations maintain compliance, monitor risk, and reduce human error in enterprise communications. Its solutions integrate with popular email platforms to provide real time protection, alerting, and remediation.
How Much Funding Has Material Security Raised?
1. Seed Round
- Amount Raised: $12 million
- Date: 2018
- Lead Investors: First Round Capital, Bessemer Venture Partners
- Purpose: Build core email security platform and develop AI detection capabilities
2. Series A Round
- Amount Raised: $35 million
- Date: 2019
- Lead Investors: Bessemer Venture Partners
- Purpose: Expand engineering team, enhance AI models, and scale enterprise deployments
3. Series B Round
- Amount Raised: $115 million
- Date: 2021
- Valuation: Approximately $1.1 billion
- Lead Investors: Andreessen Horowitz, Bessemer Venture Partners
- Purpose: Accelerate product innovation, scale go‑to‑market operations, and expand global adoption
Total Funding Raised: $162 million Latest Funding Date: 2021 Latest Known Valuation: $1.1 billion
Key Investors
- Andreessen Horowitz
- Details: Venture capital firm investing in technology companies
- Focus Areas: Cybersecurity, enterprise software, and AI driven platforms
- Bessemer Venture Partners
- Details: Growth and early stage venture capital firm
- Focus Areas: Cloud security, SaaS, and enterprise infrastructure
- First Round Capital
- Details: Early stage venture capital firm
- Focus Areas: Seed stage technology and cybersecurity startups
Where Is Material Security’s Headquarters?
Material Security is headquartered in Boston, Massachusetts, United States, serving as the hub for its product development, cybersecurity research, and enterprise operations.
What’s Next for Material Security?
Material Security plans to enhance its AI driven email security platform, expand enterprise adoption, and integrate additional threat detection capabilities. The company is focused on protecting hybrid workplaces, improving compliance monitoring, and scaling global security operations to meet evolving cyber threats.
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