When was Material founded?

Material was founded in 2016 and became a unicorn in 2022, reaching the milestone in 6 years. It raised its 1st funding round 4 years after its incorporation.

Where is Material located?

Material is headquartered in Redwood City, United States. It is registered at Redwood City, California.

Who is the current CEO of Material?

Abhishek Agrawal of Material. They have also founded 1 company.

How many employees does Material have?

As of Mar 31, 2026, the latest employee count at Material is 86.

Is Material a funded company?

Material is a funded company, having raised a total of $166M across 4 funding rounds to date. The company's 1st funding round was a $22M Series A round, raised on Jun 30, 2020.

How much is Material worth?

The latest valuation of Material is $1.1B as of May 11, 2022.

When was the latest funding round of Material?

Material's latest funding was a Series C round on Oct 12, 2022, with participation from 1 investor. Its primary sector is Cybersecurity. In United States, the Cybersecurity sector has seen $2.45B in funding in 2026 to date.

Is Material a Cybersecurity company?

The primary sector of Material is Cybersecurity.

Where does Material rank among its competitors?

Material ranks 3rd amongst 119 active competitors, of which 13 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Abnormal, which secured $250M in Aug, 2024.

Who are the top competitors of Material?

Material's top competitors include Mimecast, Cofense and Arcode. Among them, Abnormal secured the most recent funding round in August, 2024.

Material - 2026 Company Profile, Team, Funding & Competitors

Material is a series C company based in Redwood City (United States), founded in 2016 by Ryan Noon, Chris Park and Abhishek Agrawal. It operates as a Provider of security solutions for Google Workspace and Microsoft 365. Material has raised $166M in funding from investors like Andreessen Horowitz, Founders Fund and Snowflake, with a current valuation of $1.1B. The company has 119 active competitors, including 13 funded and 15 that have exited. Its top competitors include companies like Mimecast, Cofense and Arcode.

Company Details

Provider of security solutions for Google Workspace and Microsoft 365. The company offers email, file, and account security. It focuses on threat detection, data protection, and account hardening. The platform aims to modernize email security, operationalize native tools, and control unauthorized applications. It automates user report responses and secures file sharing.

Website: material.security
Social
Email ID: *****@material.security
Registered Address: Redwood City, California

Key Metrics

Founded Year

2016

Location

Redwood City, United States

Stage

Series C

Total Funding

$166M in 4 rounds

Latest Funding Round

Series C, Oct 12, 2022, Undisclosed

Post Money Valuation

$1.1B as on May 11, 2022

Investors

Andreessen Horowitz & 13 more

Ranked

3^rd among 119 active competitors

Employee Count

86 as on Mar 31, 2026

Similar Companies

Mimecast & 75 more

View Material's full profile

Material is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MATERIAL SECURITY, INC. CIN: 32083218464 , United States, Active		-	-	-
STELLARITE, INC CIN: 821974733 , United States, Active	Dec 31, 1999	-	25 (As on Dec 31, 2021)	-

Material has raised a total funding of $166M over 4 rounds. Its first funding round was on Jun 30, 2020. Its latest funding round was a Series C round on Oct 12, 2022 for an undisclosed amount. 1 investor participated in its latest round. Material has 12 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Material:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 12, 2022	Undisclosed	Series C	-	-	Snowflake	-
May 11, 2022	$100M	Series C	$1.1B	-	Founders Fund	Andreessen Horowitz, Elad Gil
Apr 27, 2021	$40M	Series B	-	-	Elad Gil	Andreessen Horowitz, Martin Casado

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View details of Material's funding rounds and investors

The founders of Material are Ryan Noon, Chris Park and Abhishek Agrawal. Abhishek Agrawal is the CEO of Material.

Here are the details of Material's key team members:

Ryan Noon: Cofounder and Chairman of Material and founder of 1 other company. They are also an angel investor in 3 startups.
Chris Park: Co-Founder & VP Engineering of Material.
Contact Info: 1 email address
Abhishek Agrawal: Co-Founder & CEO of Material.

View details of Material's Founder profiles and Board Members

Material's employee count trend

Material has 86 employees as of Mar 26. Here is Material's employee count trend over the years:

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Top competitors of Material include Mimecast, Cofense and Arcode. Here is the list of Top 10 competitors of Material, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mimecast 2003, London (United Kingdom), Acquired	Provider of cloud-based security solutions for email and collaboration security	$261M	Index Ventures, Insight Partners & 5 others	77/100
2nd	Cofense 2008, Leesburg (United States), Acquired	Provider of an AI-powered platform for phishing detection and remediation	$58M	Paladin Capital, Adams Street Partners & 4 others	74/100
3rd	Material 2016, Redwood City (United States), Series C	Provider of security solutions for Google Workspace and Microsoft 365	$166M	Snowflake, La Famiglia & 12 others	63/100
4th	Arcode 2008, Bethesda (United States), Acquired	E-mail security solutions provider	$31.6M	Insight Partners, ClearSky & 4 others	61/100
5th	VIPRE 1948, Clearwater (United States), Acquired	Provider of cybersecurity solutions, including email and endpoint protection services	-	-	60/100
6th	Hornetsecurity 2007, Hannover (Germany), Acquired	Provider of Microsoft 365 security, backup, governance, risk, and compliance	-	HTGF, Neuhaus Partners & 7 others	59/100
7th	Zivver 2015, Amsterdam (Netherlands), Acquired	Provider of email security solutions for data loss prevention and compliance	$32.2M	DN Capital, Dawn Capital & 3 others	59/100
8th	Normalyze 2020, Los Altos (United States), Acquired	Provider of cybersecurity solutions protecting interactions across people, data, and AI	$26.6M	Lightspeed Venture Partners, Battery Ventures ... & 3 others	59/100
9th	Iron Scales 2013, Atlanta (United States), Series C	Provider of AI-powered email security solutions protecting against advanced email threats	$95M	K1 Investment Management, PSG & 6 others	58/100
10th	Abnormal 2018, Las Vegas (United States), Series D	Detects threats across email and cloud using behavior-based AI	$557M	Wellington, Menlo Ventures & 7 others	53/100