Abnormal Security is a cloud-native email security company that uses AI and behavioral data science to stop phishing, business email compromise, and account takeover attacks. It protects Microsoft 365 and Google Workspace environments with SaaS software.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$5.1B
Series D, Aug 2024, Perplexity
UpMarket Estimate
$5.3B
Based on UpMarket valuation model
Previous Price
$4B
Series C May 2022
How to Invest in Abnormal Security Through UpMarket
Abnormal Security shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Abnormal Security offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
$1.3B+
UpMarket has brokered over $1.3 billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through March 31, 2026. Of the total, approximately $301 million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Aug 2024
Series D
$5.1B
May 2022
Series C
$4B
Abnormal Security Revenue and Growth
Annual revenue
Why Investors Are Watching Abnormal Security
Growth Signal
Abnormal raised $250M at $5.1B valuation after 100%+ ARR growth
Abnormal Security closed a $250 million Series D in August 2024 at a $5.1 billion valuation, with total expected proceeds reaching $546 million. The company said the round followed years of exponential growth and 100%+ year-over-year increases in annual recurring revenue.
Competitive Moat
AI behavioral detection targets attacks legacy filters miss
Abnormal uses a cloud-native, API-based architecture with AI-based behavioral anomaly detection to identify phishing, malware, and account-takeover attacks that traditional filters may miss. Its product is positioned around business email compromise, one of the costliest forms of vendor attacks.
Market Opportunity
Email security demand is rising with phishing-driven market growth
A market report cited by Contrary says the email security market is growing at an 11.1% CAGR, driven by rising phishing activity. The same source notes the BEC market was valued at $1.2 billion in 2022, pointing to a large attack surface for enterprise email security tools.
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No. As of March 2026, Abnormal Security is a private company and does not trade on any public stock exchange. Accredited investors can access Abnormal Security shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Abnormal Security does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Abnormal Security shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Abnormal Security shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Abnormal Security uses AI and behavioral data science to protect organizations from phishing, business email compromise, and account takeover, generating $330.5M in 2024 revenue; it raised $250M at a $5.1B valuation after 100%+ ARR growth — accredited investors can access Abnormal Security stock through UpMarket.