Material Security raises $100M

Material Security, a company that offers a zero trust security approach to email data, has secured $100 million in Series C funding.

The round is led by Founders Fund, with participation from previous backers Andreesen Horowitz, and Elad Gil.

The latest funding pegs Material Security at a valuation of $1.1 billion, the company said in a statement.

Material Security customers include Chubb, Compass, Roblox, Brex, Lyft, Mars, Databricks and DoorDash, according to the company.

Also see:

Optilogic raises $13M

Ann Arbor, Michigan-based supply chain design software provider Optilogic has raised $13 million.

Hawk AI raises $17M (Germany)

Hawk AI, a provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, has raised $17 million in a Series B funding round.

Outdefine raises $2.5M

San Francisco, Calif.-based Outdefine has raised $2.5 million.

Bruviti raises $5M

Campbell, California-based predictive service analytics provider Bruviti has raised $5 million from Marcone.

Zenlytic raises $5.4M

New York-based business intelligence provider Zenlytic has raised $5.4 million in seed funding.