This news comes on the heels of its Series C round. It plans to use the funding to support expansion in Europe and Asia. Here are the top-line bullets you need to know.
Abnormal Security, a cloud email security platform provider, has raised $210M in a Series C. The round drew participation from Insight Partners, Greylock Partners, and Menlo Ventures.
HOW’S THE COMPANY PERFORMING?
- California-based Abnormal Security helps protect enterprises from targeted email attacks.
- The company has tripled its ARR and doubled its employee count over the past year.
- Its clients include Hitachi Vantara, Urban Outfitters, Auto Club Group-AAA, Groupon, Xerox, and Royal Caribbean International.
Source: Abnormal Security
WHY DOES THE MARKET MATTER?
- The global cloud-based email security market is expected to reach a value of $1.2B by 2026, growing at a CAGR of 8.68%, according to Mordor Intelligence.
- The increasing frequency and sophistication of spam, malware, and phishing attacks have compelled organizations to adopt solutions in this space.
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