Abnormal Security IPO

Abnormal Security, a San Francisco-based cybersecurity firm specializing in AI-driven human behavior security, has successfully closed a Series D funding round, raising $250 million and achieving a $5.1 billion valuation. The funding, led by Wellington Management and supported by existing investors, aims to enhance the company's machine learning platform that protects against sophisticated email and social engineering attacks. CEO Evan Reiser announced that the company has seen over 100% growth in annual recurring revenue, now exceeding $200 million, and has garnered a customer base of over 2,400 organizations, including 17% of the Fortune 500. Abnormal Security is also eyeing a potential initial public offering in late 2025 as it expands its operations globally and develops new products. With its unique approach to understanding human behavior, Abnormal aims to offer robust defenses across various cloud applications, bolstering cybersecurity in an increasingly threatening digital landscape.