Funding round
Abnormal AI Series D
Abnormal AI, which works in AI-Powered email security solutions in Las Vegas, raised $250M in a Series D round announced on 6 Aug 2024, led by Wellington Management, at a $5.10B post-money valuation. 5 firms took part. It is Abnormal AI's fourth venture round on record; the one before was a Series C in May 2022.
$250M
Amount raised
$5.10B
Post-money valuation
$4.85B pre-money
5
Investors
1 lead
1.3x
Step-up from the Series C
$4.00B in May 2022
4.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Abnormal AI at $5.10B after the new money, 1.3 times the $4.00B of its Series C (May 2022). The $250M bought investors about 4.9% of the company. It came 27 months after Abnormal AI's Series C. It is 47% of the $534M Abnormal AI has raised in the venture rounds on record. No later venture round is on record for Abnormal AI.
Abnormal AI's funding rounds
Abnormal AI has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Wellington Management led the round with 4 other firms.
Lead investor
- Wellington Management new investor
Also in the round
- Greylock Partners backs 190 venture-backed companies new investor
- Menlo Ventures backs 215 venture-backed companies new investor
- Insight Partners backs 548 venture-backed companies new investor
- CrowdStrike Falcon Fund new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
103 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.5 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Grafana Labs Tech Companies | 21 Aug 2024 | $270M | $6.00B | Lightspeed Venture Partners |
| Tech Companies | 8 Aug 2024 | $225M | not disclosed | WestCap |
| EliseAI Tech Companies | 14 Aug 2024 | $75M | $1.00B | Sapphire Ventures |
| Tech Companies | 1 Aug 2024 | $75M | $1.50B | not named |
| Tech Companies | 6 Aug 2024 | $50M | not disclosed | Sixth Street Growth |
| Tech Companies | 8 Aug 2024 | $15M | not disclosed | Harbert Management Corporation and Northwestern Mutual Future Ventures |
| Tech Companies | 28 Aug 2024 | $10M | not disclosed | SBI Investment |
| Tech Companies | 28 Aug 2024 | $10M | $852M | Bajaj Holdings and Trifecta |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Abnormal AI raise in its Series D round?
Abnormal AI raised $250M in its Series D round, announced in Aug 2024.
Who led Abnormal AI's Series D round?
Wellington Management led it, with Greylock Partners, Menlo Ventures, Insight Partners and CrowdStrike Falcon Fund.
What was Abnormal AI's valuation at the Series D round?
$5.10B post-money ($4.85B pre-money).
How does it compare with other Series D rounds in Tech Companies?
103 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.5 times the median.