Funding round
Abnormal AI Series C
Abnormal AI, which works in AI-Powered email security solutions in Las Vegas, raised $210M in a Series C round announced on 10 May 2022, led by Insight Partners, at a $4.00B post-money valuation. 3 firms took part. It is Abnormal AI's third venture round on record; the one before was a Series B in Nov 2020.
$210M
Amount raised
$4.00B
Post-money valuation
3
Investors
1 lead
8.0x
Step-up from the Series B
$500M in Nov 2020
5.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Abnormal AI at $4.00B after the new money, 8.0 times the $500M of its Series B (Nov 2020). The $210M bought investors about 5.3% of the company. It came 18 months after Abnormal AI's Series B. It is 39% of the $534M Abnormal AI has raised in the venture rounds on record. Abnormal AI raised again 27 months later: a Series D round of $250M in Aug 2024, at $5.10B post-money.
Abnormal AI's funding rounds
Abnormal AI has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Insight Partners led the round with 2 other firms.
Lead investor
- Insight Partners backs 548 venture-backed companies new investor
Also in the round
- Greylock Partners backs 190 venture-backed companies new investor
- Menlo Ventures backs 215 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
444 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 May 2022 | $200M | not disclosed | KKR |
| Tech Companies | 3 May 2022 | $110M | $1.10B | Bessemer Venture Partners |
| Tech Companies | 11 May 2022 | $100M | not disclosed | Technology Crossover Ventures |
| Glean Tech Companies | 18 May 2022 | $100M | $1.00B | Sequoia Capital |
| Tech Companies | 9 May 2022 | $100M | $2.00B | Lux Capital |
| Tech Companies | 11 May 2022 | $100M | $1.10B | Founders Fund |
| Tech Companies | 17 May 2022 | $68M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 11 May 2022 | $67M | not disclosed | Pitango and Saban Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Abnormal AI raise in its Series C round?
Abnormal AI raised $210M in its Series C round, announced in May 2022.
Who led Abnormal AI's Series C round?
Insight Partners led it, with Greylock Partners and Menlo Ventures.
What was Abnormal AI's valuation at the Series C round?
$4.00B post-money.
How does it compare with other Series C rounds in Tech Companies?
444 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.5 times the median.
Did Abnormal AI raise again after this round?
Yes: a Series D round in Aug 2024 of $250M at $5.10B post-money.