AI-native human behaviour security company Abnormal Security has announced the close of its Series D funding round, with total expected proceeds of USD250 million at a USD5.1 billion valuation.
This latest fundraising will enable the company to continue fighting cybercrime through the power of AI, better understanding human behaviour, and detecting and preventing dangerous socially-engineered attacks.
The current round brings the total expected proceeds to USD546 million and is led by Wellington Management, with participation from existing investors Greylock Partners, Menlo Ventures, Insight Partners and CrowdStrike Falcon Fund.
“This funding allows us to further invest in our human behaviour AI platform to protect more people across their everyday applications while enabling customers to accelerate their AI initiatives with autonomous AI solutions,” said Abnormal Security Co-founder and CEO Evan Reiser.
The new investment follows years of growth as Abnormal Security continues to see 100% plus year-over-year increases in annual recurring revenue, recently crossing USD200 million in annual recurring revenue.
More than 2,400 organisations, including 17% of the Fortune 500, already use Abnormal to protect their employees. Since last August, Abnormal has expanded further into Europe, Asia, and Australia and is continuing the process of becoming FedRAMP compliant.
