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§ Private Profile · Redwood City, CA, USA
Material Security is a technology company.
Material Security has raised $167.0M across 4 funding rounds.
Key people at Material Security.
Material Security has raised $167.0M in total across 4 funding rounds.
Material Security provides a comprehensive security platform designed to protect cloud workspaces within Microsoft 365 and Google Workspace environments. The company's core product unifies cloud email and file security, offering advanced data loss prevention and posture management. This holistic approach is engineered to prevent attacks, proactively safeguard sensitive content, and facilitate incident recovery, moving beyond traditional fragmented point solutions to secure an organization's critical data and communications.
The company was co-founded in 2017 by Ryan Noon, Abhishek Agrawal, and Chris Park. Their collective experience, including leadership roles at Dropbox, Microsoft Research, and Google, informed their foundational insight: that existing security tools were insufficient to defend against the evolving threats targeting modern cloud productivity suites. They recognized the need for a unified, intelligent defense capable of securing the fundamental digital assets of an enterprise.
Material Security serves organizations that rely on Google Workspace and Microsoft 365, enabling them to enhance their security posture without compromising productivity. The company's long-term vision centers on delivering resilience through security solutions that are both effective and straightforward to deploy and manage. It aims to offer complete detection and rapid response capabilities across email, identity, and data threats, ensuring robust protection for digital assets.
Key people at Material Security.
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.
Material Security has raised $167.0M in total across 4 funding rounds.
Material Security's investors include Founders Fund, 10100, 2048 Ventures, 7percent Ventures, 8VC, Andreessen Horowitz, Anorak Ventures, Bam Ventures, Better Tomorrow Ventures, BoxGroup, Bullpen Capital, Cyberstarts VC.
