Material Securityrevenue, acquisition & funding
Security Compliance SoftwareRedwood City, CaliforniaFounded 2017
Material Security was acquired.
Material Security is a Security Compliance Software company based in Redwood City, founded in 2017.
Material Security revenue
Material Security's annual revenue was $18.3M in December 2024, its last figure before its buyer bought it (source not recorded).
All 2 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Dec 2023 | $16.4MEST. | Growjo estimate |
| Dec 2024 | $18.3M | – |
– source not recorded
Who owns Material Security
Another company owns Material Security. The date and price of the deal are not on record.
Material Security funding rounds & investors
Material Security has raised $162M across three rounds since 2020. The latest was a $100M Series C in May 2022.
| Date | Round | Raised | Valuation | Source |
|---|---|---|---|---|
| May 2022 | Series C | $100M | $1.1B | Business Wire |
| May 2021 | Series B | $40M | – | Business Wire |
| Jun 2020 | Series A | $22M | – | clay.com |
| Total raised | $162M |
Material Security CEO, founders & employees
Abhishek Agrawal founded Material Security in 2017 and led it as CEO. Material Security had 89 employees (November 2025, LinkedIn).
- Abhishek AgrawalFounder & CEO
All 3 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Nov 2025 | 89 | |
| Dec 2023 | 108EST. | Growjo estimate |
| Dec 2022 | 79EST. | Growjo estimate |
Material Security FAQ
What was Material Security's revenue?
Before it was acquired, Material Security's annual revenue was $18.3M in December 2024 (source not recorded).
How much funding has Material Security raised?
Material Security raised $162M across three funding rounds before it was acquired. The last was a $100M Series C in May 2022.
How many employees does Material Security have?
Material Security had 89 employees in November 2025, according to LinkedIn.
Who founded Material Security?
Abhishek Agrawal founded Material Security in 2017.
Browse Security Compliance Software
- Elliptic$18.4M
- Itential$18.4M
- OmniMD$18.4M
- Sonrai Security$18.4M
- StreamLink Software$18.4M
- Clouds of Care$18.2M
- KarmaCheck$18.4M
- cocoon.com$18.2M
- Tonic.ai$18.1M
- SoftGroup$18.5M
- Propylon$18.5M
- Topia Limited$18.1M
- Cyberint, a Check Point Company$18M
- Shibumi$18.6M
- Flowhub$18M
- Insurely$18M
- SteelEye$18M
- Motor Vehicle Software$17.9M
How this page is sourced
4 from public sources · 3 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Oct 5, 2026Data disclaimerReport a correctionClaim this profileRun Material Security? Join the podcast