Material Security is a technology company.
Material Security has raised $167.0M across 4 funding rounds.
Material Security has raised $167.0M in total across 4 funding rounds.
Material Security has raised $167.0M in total across 4 funding rounds.
Material Security's investors include 10100, 2048 Ventures, 7percent Ventures, 8VC, Andreessen Horowitz, Anorak Ventures, Bam Ventures, Better Tomorrow Ventures, BoxGroup, Bullpen Capital, Cyberstarts VC, Kevin Ding.
Material Security is a cybersecurity company founded in 2017 that builds a cloud-native detection and response platform for protecting Google Workspace and Microsoft 365 from email attacks, account takeovers, data breaches, and other threats.[1][2][3] It serves enterprises and high-profile organizations like Figma, DoorDash, Lyft, and MassMutual by solving the limitations of traditional email security tools through "zero trust" technology that safeguards accounts even post-compromise, with features like automated leak prevention, identity threat detection, and posture management—all deployable in 30 minutes without disrupting productivity.[1][3][5] The company has raised $155M–$184M across rounds, achieving unicorn status with a $1.1B valuation in a Series C led by Founders Fund and Andreessen Horowitz, while reporting $18.3M in revenue and operating at Series C-II stage from Redwood City, California.[2][4]
Material Security was founded in 2017 by engineers with deep experience at Dropbox and Google, including co-founder Chris Park, who led Dropbox infrastructure teams after the Parastructure acquisition and handled data privacy at Google (BS from UC Berkeley).[1][5] The idea emerged from their firsthand frustration with traditional security tools' shortcomings in protecting cloud workspaces like email and files, prompting a shift to innovative, API-driven solutions for Google Workspace and Microsoft 365—initially under the name Stellarite.[2][3][5][6] Early traction built on this expertise, leading to rapid growth: within two years of official launch, the company secured $100M in Series C funding at unicorn valuation, partnerships like Snowflake for data-driven security, and adoption by fast-growing firms, humanizing its mission to deliver resilient, usable security without "silver bullets."[4][5][6]
Material Security rides the surging demand for cloud workspace security amid widespread adoption of Google Workspace and Microsoft 365, where phishing and account takeovers initiate most sophisticated attacks across industries.[3][6] Timing is ideal as remote/hybrid work and AI-driven threats amplify risks, with native controls often bypassed—Material's zero-trust approach fills this gap by unifying protection in a market projected for rapid growth, countering fragmented legacy solutions from incumbents like Proofpoint.[2][3] It influences the ecosystem by partnering with data platforms like Snowflake for advanced analytics, enabling smarter incident response and posture management, while serving ecosystem leaders like Figma and DoorDash sets standards for agile, resilient security in SaaS-dominated enterprises.[4][5]
Material Security is poised for expansion into broader SaaS protections and international markets, building on its unicorn momentum, Snowflake integration, and focus on AI-enhanced detection to outpace competitors in a maturing cloud security space.[4][6] Trends like rising ransomware, regulatory pressures (e.g., data privacy), and zero-trust mandates will propel growth, potentially leading to IPO or acquisition as enterprises prioritize post-breach resilience. Its engineer-led innovation—transforming email vulnerabilities into fortified productivity—positions it to redefine cloud security, echoing the founders' Dropbox roots in scalable, user-centric defense.
Material Security has raised $167.0M across 4 funding rounds. Most recently, it raised $100.0M Series C in May 2022.