Abstract Security raises $25M Series A extension, recurring revenue up 380%
Composable security operations startup Abstract Security Inc. today said it has raised a $25 million Series A extension, capital it will put toward widening in-stream threat detection and pushing its artificial intelligence tooling deeper into the security operations workflow.
The round caps a fast year for the company. Annual recurring revenue climbed 380% over the period. Net revenue retention reached 264%, the customer base tripled and Abstract made 40 hires to support its move into larger enterprises.
Founded in 2023 by veterans of ArcSight Inc., Bank of America Corp., Mandiant Inc. and Palo Alto Networks Inc., Abstract sells an alternative to the security information and event management platforms that have anchored corporate security teams for a decade. Those systems funnel every log into a single store, run detection only after the data lands and charge customers more as volume grows.
Abstract’s pitch is to pull that model apart. Its streaming-first platform separates data sources from destinations and runs detections while data is still moving. On the way out, it tiers and routes information into whatever schema each destination expects, including the Open Cybersecurity Schema Framework, Elastic Common Schema and Splunk’s Common Information Model. The company says the approach lets enterprises cut storage costs and sidestep lock-in to one vendor’s stack while keeping control of their data across multicloud and hybrid environments.
