Abstract Security, a pioneer in security data fabric and analytics, announced it has closed an oversubscribed Series A funding round of $15 million. Munich Re Ventures led the round, which included super pro-rata participation from existing investors Crosslink Capital and Rally Ventures.
Abstract Security transforms enterprise security operations by enhancing cloud visibility, optimizing data streams, reducing costs, and future-proofing SIEM strategies. And by eliminating complexity, improving data routing, and delivering advanced data management, Abstract enables organizations to achieve faster and more effective threat detection and response through its comprehensive data fabric, analytics, and data lake offerings. This latest funding round will accelerate Abstract’s mission to revolutionize the security analytics and data fabric markets, empowering customers to take control of their security data and gain unparalleled visibility across their environments.
Abstract customers can seamlessly integrate their security data with threat intel and other data sources through the Abstract Intelligence Gallery marketplace, which has over 100 integrations with industry-leading vendors like CrowdStrike, Cybersixgill, Cyware, Flashpoint, Google Mandiant, SecLytics, and Silent Push. And this comprehensive ecosystem enables customers to blend their unique security data with valuable threat intelligence and insights, significantly enhancing their overall security posture and enabling more informed decision-making.
The majority of security data collected is not actionable or relevant for security teams. With cyber adversaries averaging just 62 minutes to breach an organization, speed and accuracy in threat detection and response are critical. Abstract’s platform delivers analytics that quickly correlates data and delivers actionable insights at the business level, ensuring security teams can focus on what matters most.
This Series A funding round follows Abstract Security’s successful seed round of $8.5 million, announced in March of this year. With this new funding round, Abstract is poised to continue its growth trajectory and expand its impact on the cybersecurity industry.
KEY QUOTES:
“Munich Re Ventures is proud to lead this Series A and support Abstract Security’s journey to reshape security operations. Abstract’s innovative platform is not just keeping pace with the evolving security landscape; it is setting a high standard in security data fabric and analytics, driving SIEM capabilities far beyond what traditional solutions offer. Colby and his team have built an exceptional organization, equipped with the industry expertise necessary to serve customers with a solution that’s unmatched in the market.”
-Blake Pennington, Principal at Munich Re Ventures
“We are doubling down on our investment with Abstract Security with our Series A commitment. As an investor since inception, we saw the focus on execution over the past two years, and the team has proven that execution is a strength so we’re excited to continue supporting the team moving forward.”
-Matt Bigge, partner at Crosslink Capital
“Since Abstract’s inception, we have been laser-focused on linking security analytics to real business value. Our rapid customer growth is a testament to our ability to help organizations reimagine their security operations, integrating complex legacy tools and modern solutions to drive real outcomes. This new round of funding will help us continue to execute on that vision.”
-Colby DeRodeff, CEO and co-founder of Abstract Security
