How Did Abnormal Security Skyrocket to a $5 Billion Valuation

Abnormal Security raised $250 million in a Series D funding round led by Wellington Management, pushing its valuation to $5.1 billion. Existing investors Greylock Partners, Menlo Ventures, Insight Partners, and the Falcon Fund also participated. This marks a 28% increase from its previous valuation of $4 billion during its Series C funding in 2022. Founded in 2018, Abnormal Security uses machine learning and AI to detect cyber threats. The company has raised nearly $546 million in total and plans to invest further in its human behavior AI platform. The company also reported surpassing $200 million in annual recurring revenue. Cybersecurity startup investments rebounded in 2024, reaching $4.4 billion in Q2, a 63% increase from Q1, marking the best funding quarter since Q1 2022.

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