TECH - Ex-Twitter Executive Steers AI Startup Abnormal Security To $5B Valuation In Latest Funding Round: Report | Benzinga
Abnormal Security, an AI-powered cybersecurity startup, is reportedly set to be valued at $5 billion in a new funding round, marking a significant increase from its previous valuation.
What Happened: The startup, which uses AI to protect users from cyber threats across email and apps, is on the verge of securing a valuation of $5 billion in its latest funding round, Business Insider reported, citing two sources familiar with the deal.
The funding round is expected to be led by Insight Partners, with participation from Greylock Partners, Menlo Ventures, and The Syndicate Group.
The company’s valuation has seen a substantial increase from its previous $4 billion valuation in a 2022 funding round, also led by Greylock Partners. The startup has raised a total of $374 million in venture funding, with its most recent Series C round in 2022 raising $210 million.
Abnormal Security, founded ...