Aug 15 (Reuters) - Abnormal Security, an AI-powered email security startup, said it has crossed $100 million in annual recurring revenue, meeting a milestone for software companies as it eyes an eventual initial public offering, the company told Reuters. It also hired former Forescout chief executive Michael DeCesare as its president and Maya Marcus as its chief people officer. Evan Reiser, chief executive at Abnormal, said the company will continue to invest in products and get ready to be a public company as the market for initial public offerings (IPOs) improve, without specifying the timeline. Abnormal Security last raised $210 million in May 2022 at a valuation of $4 billion from investors including Insight Partners and Greylock Partners. Now more than ever, we need AI solutions to protect against AI threats," said Asheem Chandna, a partner at Abnormal investor Greylock.

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Persons: Michael DeCesare, Maya Marcus, Evan Reiser, Reiser, DeCesare, Asheem Chandna, Krystal Hu, Lincoln Organizations: Reuters, Insight Partners, Greylock Partners, Microsoft, Xerox, Mattel, Thomson Locations: Europe, Japan, U.S, cybersecurity, New York