The trending technology gave more ammunition to hackers, as well as new tools for security companies that promise to defend clients against attacks. Investors valued startup Material Security at $1.1 billion in a 2022 funding round. In August, Abnormal Security, which calls itself "AI-native," said it was worth $5.1 billion after a funding round involving CrowdStrike and Wellington Management. And on Thursday, Sublime Security, co-founded by U.S. Defense Department cybersecurity veteran Josh Kamdjou, said it had raised a round totaling $60 million. Abnormal Security is considerably larger than Material and Sublime, with over $200 million in annualized revenue.

---

Persons: Proofpoint, Thoma, Josh Kamdjou, Brex, Mark Hillick, Hillick, It's, Peter Firstbrook, Gartner, Sublime's Kamdjou, Kamdjou, Mark Alley, Sumit Dhawan, Donald Trump's, Harris, Ian Thiel, IVP, Trump Organizations: Microsoft, Google, Thoma Bravo, Proofpoint, Investors, Wellington Management, Sublime Security, U.S . Defense Department, CNBC, Citi Ventures, Decibel Partners, Ventures, Slow Ventures Locations: Alabama, Proofpoint