Material Security develops data-driven security software intended to protect an organization's users and information. The company's software uses ubiquitous tools in unexpected ways to understand and mitigate risk in cloud office apps and connects in minutes to analyze risk, detect threats, automatically investigate incidents, and crowdsource mitigation with end-users via new integrations with identity providers, enabling clients to protect their confidentiality of global media, financial conglomerates, large tech companies, and highly-targeted public sector organizations.

The company was founded in 2017 by Ryan Noon (CEO), Abhishek Agrawal (CTO), and Chris Park (VP Engineering), who previously worked together at Dropbox building and scaling security infrastructure. With over $100 million in funding, Material is poised to expand internationally and extend their technology to protect other cloud office applications like file sharing. The company has grown to over 40 employees while maintaining an impressive net revenue retention rate over 150%, with founder-led sales fueling much of that growth to date. Material aims to build an enduring, independent cybersecurity company.

Material will need to scale its go-to-market efforts and continue expanding its product suite to sensitive data in other cloud applications to fully realize its ambitions. Overall, Material Security represents an attractive risk-reward opportunity for those seeking to have real impact securing the critical digital infrastructure that powers the modern world.