Security News > 2020 > November > Email Security Company Abnormal Security Raises $50 Million
Email security solutions provider Abnormal Security on Wednesday announced raising $50 million in a Series B funding round, which brings the total raised by the company to $75 million.
Abnormal Security emerged from stealth mode exactly one year ago with $24 million in funding.
The company provides a cloud email security platform designed to help organizations protect against email attacks, account compromise and supply chain attacks.
Abnormal claims its annual recurring revenue has tripled year-over-year and so has its Fortune 500 customer base, driven by organizations being increasingly concerned about email security as their employees work remotely.
"We were blown away by the positive feedback from Fortune 500 customers using Abnormal Security to protect their organizations from the most sophisticated email attacks," said Venky Ganesan, an active cybersecurity investor and partner at Menlo Ventures.