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Case study - Empowering Channel Growth: Grip Security's Journey with TSG

Abnormal Security Looks to TSG for Value Beyond Capital, Channel-Led Growth

150%

Total YOY Revenue Growth since May 2022

295%

YOY Channel Growth [Contribution to NBM Bookings]

250+

Total # of Signed Channel Partners (107% Growth Since May 2022)

Unlocking Growth Together: Abnormal Security's Journey with TSG​

Since the company’s founding in 2018, cyber security innovator Abnormal Security experienced rapid growth, reaching $100M in annual recurring revenue (ARR) in only four years.

The company knew it would need more than just capital to continue its hyper-growth trajectory and turned to The Syndicate Group to ‘double down’ on the channel. In order to scale and deliver solutions to a larger user base struggling to combat evolving cyber threats, Abnormal needed more than just money – they needed strategic counsel.

Value Beyond Capital

TSG helped Abnormal Security to build and cultivate critical partner relationships, while also providing a platform to enable strategic investments.

This strategic support was critical for the company as it expanded its business into other areas of email security to protect against the full spectrum of attacks including spam and graymail, malware and ransomware, credential phishing, vendor fraud, account takeovers, and more.

Fostering Deeper Collaborations: Abnormal's Channel-First Approach

As a channel-first organization, Abnormal collaborates with partners to deliver best-in-class solutions to the market on a daily basis. However, Abnormal doesn’t measure itself by the number of partners in its ecosystem – it is focused on cultivating deeper relationships with a smaller number of “focus partners” to create meaningful symbiotic relationships. This was the case before the TSG investment and was critical moving forward as Abnormal wanted to ensure that all partners, including those who have invested in Abnormal, have the resources they need to be successful in selling Abnormal’s solutions.

TSG’s Unique Value: Investors with a Deeper Purpose

Since the company’s founding in 2018, cyber security innovator Abnormal Security experienced rapid growth, reaching $100M in annual recurring revenue (ARR) in only four years.

The company knew it would need more than just capital to continue its hyper-growth trajectory and turned to The Syndicate Group to ‘double down’ on the channel. In order to scale and deliver solutions to a larger user base struggling to combat evolving cyber threats, Abnormal needed more than just money – they needed strategic counsel.

Maximizing Channel Relationships

Through the TSG program, Abnormal Security was introduced to new contacts who have since become strong partners. Additionally, by providing a platform in which partners can invest at an early stage, Abnormal Security has seen continued growth in the channel from those who have a monetary stake in the company’s success. Channel partners who have invested in Abnormal through the options presented by TSG are motivated to introduce the platform to their clients, ensuring mutual success for both organizations and the customers themselves.

Partner Base

Abnormal Security has grown its partner base by 90%

Marketing

Executed hundreds of joint marketing events to deliver the Abnormal message to the market.

$100M ARR

The company’s partner ecosystem has played a major role in the recent achievement of $100M ARR.

About Abnormal Security

Abnormal Security is an AI-native company that solves the ongoing issue of business email compromise with a radically different approach.
Unlike traditional secure email gateways, Abnormal provides cloud protection for Microsoft 365 and Google Workspace by ingesting thousands of signals across multiple platforms to detect abnormalities that indicate a potential attack.
The platform’s unique, cloud-native API architecture enables customers to prevent email and email-like attacks for end users, automate security operations, and reduce total spend with one extensible platform.

Abnormal currently protects over 1,300 customers including Maersk, ADT, Choice Hotels, Xerox, University of Kentucky, Mattel, Domino’s, and Avery Dennison, as well as more than 12% of the Fortune 500.

In recognition of the company’s innovations in cybersecurity and AI, Abnormal has been featured in Forbes AI 50, Forbes Cloud 100, Fast Company 10 Most Innovative Companies in AI, Bloomberg Top AI Companies to Watch, CNBC Top 25 Startups for the Enterprise, and was named the 2023 Gartner Peer Insights Customer’s Choice in Email Security.

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