# Material Security: Computer & network security, San Francisco, United States

> Material Security: Material Security is an enterprise cybersecurity company that specializes in email security and protection for cloud-based workspaces.

Source: https://millionrounds.com/startup/material-security (Millionrounds; every figure on the page links to its filing or article)

United States · [Computer & network security startup](https://millionrounds.com/companies)

# Material Security

Material Security is an enterprise cybersecurity company that specializes in email security and protection for cloud-based workspaces.

Funding reported Last round: Series C

Computer & network security San Francisco, United States

Company summary

- **Founded:** 2017 9 years old
- **Team:** 84 51 to 200 people
- **Funding reported:** $162M in dollars
- **Last round:** Series C May 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Material Security has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Material Security

Material Security is an enterprise cybersecurity company that specializes in email security and protection for cloud-based workspaces.

Founded in 2017 by former Dropbox technologists, the company officially launched in June 2020 and is headquartered in Redwood City, California. Material Security achieved unicorn status in May 2022 after raising $100 million in a Series C funding round, bringing its valuation to $1.1 billion. The company offers a cloud-based detection and response toolkit designed to protect Google Workspace and Microsoft 365 from email threats, account takeovers, and data breaches. Key features include zero-trust email protection, advanced threat detection, and data leak prevention. Material Security's solutions are deployable in just 30 minutes and integrate seamlessly with existing identity management systems. The company serves a diverse clientele, including major technology firms, financial institutions, and public sector organizations, emphasizing its commitment to safeguarding sensitive information in a rapidly evolving threat landscape.

## What company datasets say Material Security raised

Funding, as reported

Reported in all **$162M** in dollars

Rounds **4**

Last round **Series C**

Last round size **$100M**

Last round date **May 2022**

Investors listed **17**

Valuation **$1.1B, Mar 2026**

## Founders and team

From Material Security's own website: 3 founders, 6 on the team.

**Abhishek Agrawal** Co-Founder & CEO

**Chris Park** Co-Founder & VP, Engineering

**Ryan Noon** Co-Founder & Chairman

- **John Hrvatin** VP, Product & Design
- **Kevin Bayly** VP, Sales
- **Marielle Smith** VP, People Operations
- **Nick Mueller** VP, Marketing
- **Rajan Kapoor** VP, Security
- **Scott Williams** VP, Finance & Operations

## On 6 portfolio pages

Investors who name them

- [Amplify Partners](https://millionrounds.com/fund/amplify-partners)
- [JCJ Capital](https://millionrounds.com/fund/jcj-capital)
- [Flexcap](https://millionrounds.com/fund/flexcap-ventures)
- [Avra](https://millionrounds.com/fund/avra)
- [Jessica Verrilli](https://millionrounds.com/fund/jessica-verrilli)
- [Neha Narkhede](https://millionrounds.com/fund/neha-narkhede)

Each firm lists Material Security on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

security event correlation health care ai-powered detection incident response data protection computer & network security enterprises cloud office security information technology & services email attack detection financial services security monitoring finance data loss prevention email security data security

Built with from their website

HubSpot Sales Hub Google Tag Manager Amazon CloudFront Google Cloud Linkedin Insight Tag YouTube Google Workspace CloudFlare Viewport Meta LinkedIn Ads

+8 more

Intellimize Google Drive IBM ILOG CPLEX Optimization Studio Google Cloud BigQuery Hubspot Amazon S3 Webflow Hosting Apple Business Manager

- **Sector:** Computer & network security
- **Industry code:** NAICS 51321, 541512, SIC 7375, 7372
- **Region:** California
- **Revenue:** $3.0M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/material-security)

## Computer & network security in United States

Startups like it

- [**Keyfactor** Independence · founded 2001 *Raised*](https://millionrounds.com/company/keyfactor)
- [**ReliaQuest** Tampa · founded 2007 *Raised*](https://millionrounds.com/company/reliaquest)
- [**Chainguard** Kirkland · founded 2021 *Raised*](https://millionrounds.com/company/chainguard)
- [**Tanium** Kirkland · founded 2007 *Raised*](https://millionrounds.com/company/tanium)
- [**Exaforce** San Jose · founded 2023 *Raised*](https://millionrounds.com/company/exaforce)
- [**ThreatLocker** Orlando · founded 2017 *Raised*](https://millionrounds.com/company/threatlocker)
- [**Illumio** Sunnyvale · founded 2013 *Raised*](https://millionrounds.com/company/illumio)
- [**Exabeam** Broomfield · founded 2013 *Raised*](https://millionrounds.com/company/exabeam)

## Is this your company?

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