Material Security

Overview
News
Next-gen Email Security?
Product stageSegments
Expansion
?
Inbound Email Protection
?

Material Security is an email security company that pioneered the use of zero-trust techniques to protect email accounts and their contents. The company's platform automatically classifies and reacts to sensitive content in emails, securing critical messages without impacting productivity. Its key product offerings include account takeover protection, which prevents attackers from hijacking other services by adding a verification step before granting access to password resets and critical messages. The platform also offers phishing "herd immunity" that allows a single report from any employee to protect the entire organization instantly.

Material Security provides visibility and control over an organization's entire email footprint, surfacing foundational risk factors and offering one-click remediation tools claimed to expedite investigations. The service integrates with Office 365 and Google Workspace via APIs without affecting MX records or email delivery. As of May 2022, the company served customers such as Chubb Ltd., Compass Group plc, Roblox Corp., Brex Inc., Lyft Inc., Mars Inc., Databricks Inc., and DoorDash Inc.

In May 2022, Material Security raised USD 100 million in Series C funding at a USD 1.1 billion valuation, achieving unicorn status just two years after its official product launch. The company planned to use the funding to expand its sales, marketing, and engineering teams, extend into new areas like government, and grow internationally. As of May 2024, Material Security had been acquired, with details of the acquisition included in the "Overview" section.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
1003 Main St Redwood City CA USA
Founded year:
2017
Employees:
51-100
IPO status:
Private
Total funding:
USD 162.0 mn
Last Funding:
USD 100.0 mn (Series C; May 2022)
Last valuation:
USD 1.1 bn (May 2022)
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