Material Security

Material Security

Cybersecurity solutions for cloud office environments

About

Material Security offers cybersecurity solutions that protect cloud office environments by safeguarding sensitive data related to products, employees, and customers. Their products utilize risk analytics and threat detection tools to reduce vulnerabilities and implement defense-in-depth strategies to minimize the impact of security incidents. Unlike competitors, Material Security is recognized for its user-friendly products and strong support team, along with unique approaches to enhancing security. The company's goal is to improve the overall security landscape for its clients, ensuring their data remains protected against evolving threats.

Company Stage

Series C

Employees

51-200

Industries

Cybersecurity

Total Funding

$157.6M

Headquarters

N/A

Founded

2017


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Simplify's Take

What believers are saying

  • Material Security's $1.1 billion valuation and $100 million Series C funding round indicate strong investor confidence and financial stability.
  • The company's partnerships with industry leaders like Snowflake and Okta enhance its credibility and expand its market reach.
  • Positive feedback from the security community and a reputation for easy-to-use, effective products make Material Security an attractive workplace for cybersecurity professionals.

What critics are saying

  • The competitive landscape in cybersecurity is intense, with rivals like Abnormal Security securing even larger funding rounds.
  • Rapid growth and high valuation can lead to increased pressure to deliver results, potentially impacting employee morale and work-life balance.

What makes Material Security unique

  • Material Security's focus on cloud office environments and legacy authentication protection sets it apart from competitors who may not specialize in these areas.
  • Their integration with Snowflake for data-driven security and risk analytics offers a unique value proposition in the cybersecurity market.
  • Material Security's innovative approach to protecting sensitive data, even after email accounts are compromised, distinguishes it from traditional cybersecurity solutions.

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Growth & Insights
Headcount

6 month growth

-4%

1 year growth

14%

2 year growth

124%

Benefits

Remote work flexibility

Competitive salary & equity

Health, Dental, & Vision premiums

401k plan

Parental leave & fertility support

Unlimited vacation policy

Reimbursement for your dream home office

Reimbursement for cell phone & internet

Quarterly company offsites

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