Funding round
Abnormal AI Series B
Abnormal AI, which works in AI-Powered email security solutions in Las Vegas, raised $50M in a Series B round announced on 18 Nov 2020, led by Menlo Ventures, at a $500M post-money valuation. 2 firms took part. It is Abnormal AI's second venture round on record; the one before was a Series A in Nov 2019.
$50M
Amount raised
$500M
Post-money valuation
2
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Abnormal AI at $500M after the new money. The $50M bought investors about 10% of the company. It came 12 months after Abnormal AI's Series A. It is 9.4% of the $534M Abnormal AI has raised in the venture rounds on record. Abnormal AI raised again 18 months later: a Series C round of $210M in May 2022, at $4.00B post-money.
Abnormal AI's funding rounds
Abnormal AI has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Menlo Ventures led the round with 1 other firm.
Lead investor
- Menlo Ventures backs 215 venture-backed companies new investor
Also in the round
- Greylock Partners backs 190 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development and scaling operations.
- Hiring
- Product development
- Scaling operations
Comparable rounds
How it compares
771 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 1.7 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| RingCentral Tech Companies | 10 Nov 2020 | $125M | $2.13B | Institutional Venture Partners and Tiger Global |
| Tech Companies | 19 Nov 2020 | $55M | not disclosed | Cathay Innovation |
| Tech Companies | 17 Nov 2020 | $50M | not disclosed | Sapphire Ventures |
| Aurora Solar Tech Companies | 30 Nov 2020 | $50M | not disclosed | ICONIQ Capital |
| Tech Companies | 24 Nov 2020 | $45M | not disclosed | Koch Disruptive Technologies |
| Tech Companies | 16 Nov 2020 | $43M | not disclosed | Hillhouse |
| Tech Companies | 18 Nov 2020 | $35M | not disclosed | Insight Partners |
| Tech Companies | 10 Nov 2020 | $34M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Abnormal AI raise in its Series B round?
Abnormal AI raised $50M in its Series B round, announced in Nov 2020.
Who led Abnormal AI's Series B round?
Menlo Ventures led it, with Greylock Partners.
What was Abnormal AI's valuation at the Series B round?
$500M post-money.
How does it compare with other Series B rounds in Tech Companies?
771 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 1.7 times the median.
Did Abnormal AI raise again after this round?
Yes: a Series C round in May 2022 of $210M at $4.00B post-money.