Redwood City, Calif., May 11, 2022 – Material Security, a company that can protect email accounts even after they have been compromised, today announced it has secured $100 million in Series-C funding at a valuation of $1.1 billion. The round is led by Founders Fund, with participation from previous backers Andreesen Horowitz, Silicon Valley solo capitalist Elad Gil and other high-profile individual tech investors, gaining the company unicorn status just two years after the official launch of its product suite.

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