Material Security Study Reveals OAuth Risk Growing With the Rise of AI, Creating New Concerns for OrganizationsAnalysis of 22,332 OAuth-connected apps finds that 91% of AI and automation apps in the dataset appeared in just the last 16 months, while nearly half have been dormant for 90 days or more
Material and Snowflake announce partnership, powering data-driven security for Office 365 and Google Workspace
Material Security, known and loved in the security community for its modern approach to protecting sensitive data in Office 365 and Google Workspace, announced today a partnership with Snowflake, the Data Cloud company, and investment from Snowflake Ventures.
Material Security Reaches $1.1 Billion Valuation for ‘Zero Trust’ Security on Microsoft and Google Email
Material Security, a company that can protect email accounts even after they have been compromised, today 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 to leading brands like Lyft, Mars, Databricks and DoorDash.
Material Security Raises $40 Million Series B To Protect the World’s Email From the Next SolarWinds Attack
Material Security, a company that protects email accounts even after they have been compromised, has secured $40M in Series B funding led by Silicon Valley solo capitalist Elad Gil, the angel investor behind Airbnb, Coinbase, Stripe and Square. Andreessen Horowitz, as well as several individual tech industry leaders and investors participated in the round, bringing the company’s total funding to date to $62M.
