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Material Security raises $40M to expand business operations and R&D

Material Security Raises $40M in Series B Funding

Material Security, a Redwood City CA-based company that protects email accounts even after they have been compromised, raised $40M in Series B funding. The round, which brought total funding to date to $62m, was led by Elad Gil, the angel investor behind Airbnb, Coinbase, Stripe and Square. The company intends to use the funds to expand operations and its business to reach to additional geographies, as well as to grow R&D efforts. Led by Ryan Noon, CEO and cofounder, Material Security provides a product suite that delivers admin visibility and control, account takeover prevention, anti-phishing and data leak prevention services. Specifically, the company offers:

Email Protection Firm Material Security Raises $40 Million

By Ionut Arghire on May 27, 2021 Email protection company Material Security this week announced that it raised $40 million in Series B funding, which brings the capital raised by the firm to date to $62 million. Founded in 2017, the Redwood City, California-based company is focused on protecting email accounts both before and after compromise. Material Security launched its full product portfolio in 2020 and claims to have seen tremendous growth over the past year, nearly quadrupling its customer base. The company’s suite of products offers anti-phishing capabilities, visibility and control into email security risks, and can prevent account takeover attempts and data leaks.

Pair of Silicon Valley SPACs go outside for merger partners - Silicon Valley Business Journal

Pair of Silicon Valley SPACs go outside for merger partners - Silicon Valley Business Journal
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Houm raises 8 million dollar round after Y Combinator program

Houm raises 8 million dollar round after Y Combinator program
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