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Email Cybersecurity Firm Abnormal Hits Unicorn Status After $210M Raise

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Although security around things such as the network, identity and even crypto seem to get most of the attention nowadays, one of the most common ways bad actors attack companies is through email.

helps stop such attacks, and now has become cyber鈥檚 newest unicorn. The San Francisco-based AI-based email security platform raised a $210 million Series C led by that values the company at $4 billion.

The round also included participation from and . Abnormal now has raised nearly $284 million, according to Crunchbase data.

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In a release, the company pointed to an internet crime study that revealed business email compromise losses totaled in 2021. Abnormal鈥檚 email security platform leverages AI-based behavioral data science to try to stop socially engineered and more modern email attacks. The platform protects against a wide range of attacks including business email compromise, phishing, malware, ransomware, social engineering, spam and others.

While email security can be overlooked by some, it is not by investors. One of the largest deals in cyber鈥檚 history occurred last year when private equity giant bought publicly traded for $12.3 billion. Proofpoint was founded as an email security solution, and while it added additional capabilities through the years it was still closely associated with email and messaging security.

Abnormal鈥檚 valuation makes the company the 12th unicorn to be minted this year in cybersecurity鈥攁nd the first this month, according to Crunchbase. It joins other cyber companies including , and as new unicorns this year.

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