# Material Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/material-security

- Industry: IT Security/Cybersecurity
- Headquarters: Redwood City, US
- Website: www.material.security
- Total disclosed funding: $151M
- Latest round: Series C (May 11, 2022)
- Investors on record: 4

## About

Material Security, Inc., based in California, US, specializes in cybersecurity solutions for cloud workspaces, ensuring protection against threats like phishing and data breaches while enhancing user productivity.Founded in 2017 and headquartered in Redwood City, US, Material Security, Inc. provides advanced cybersecurity protection tailored for cloud platforms. The company was co-founded by Abhishek Agrawal and Chris Park, with Abhishek Agrawal also serving as CEO. Material Security has successfully raised a total of USD 89.00 mn through various funding rounds, with its most recent being a Series C round on May 11, 2022, led by Founders Fund and with participation from Andreessen Horowitz. This funding will further bolster its cloud security offerings.Material Security offers a unified detection and response platform specifically designed for cloud workspaces like Google Workspace and Microsoft 365. Their solutions protect critical business elements such as emails, documents, and user accounts from cybersecurity threats, including phishing attacks and misconfigurations. The core product provides lifecycle protection, ensuring threats are detected before they materialize and managed effectively during incidents while enabling post-incident resilience. Material Security integrates seamlessly into existing workflows, utilizing automation to alleviate operational burdens on security teams without hindering user productivity. Their clientele spans various sectors, particularly in North America, reflecting the urgent need for robust cloud security solutions.Material Security operates on a subscription-based revenue model, which allows businesses to access its cybersecurity solutions for cloud environments on an annual or multi-year basis. Clients can tailor their plans to meet specific security needs, benefiting from features like email security and identity threat detection. The company's revenue is bolstered by the growing emphasis on cloud security, fostering ongoing engagement with customers to maintain secure digital environments.

## Funding rounds

- Series C, May 11, 2022, $89M — Founders Fund, Andreessen Horowitz
- Series B, Apr 27, 2021, $40M — Andreessen Horowitz
- Series A, Jun 30, 2020, $22M — Andreessen Horowitz
- Seed, Jun 1, 2017 — Amplify Partners, Script Capital

## Investors

- Amplify Partners (https://capitalatlas.ai/funds/amplify-partners) — Seed
- Script Capital (https://capitalatlas.ai/funds/script-capital) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B, Series C
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series C