Material Security raises $100 million to extend the product into new areas and expand internationally

Material Security announced it has secured $100 million in Series-C funding at a valuation of $1.1 billion. The round is led by Founders Fund, with participation from previous backers Andreesen Horowitz, Silicon Valley solo capitalist Elad Gil and other high-profile individual tech investors, gaining the company unicorn status just two years after the official launch of its product suite. Material Security is also announcing new referenceable customers including Chubb, Compass, Roblox and Brex, to add … More →

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