Material Security revenue estimate

Material Security is a Security company, founded 2017, headquartered in Redwood City, CA. We estimate its annual recurring revenue at ~$8.9M (~$744K MRR), low confidence, modeled from public signals.

Customers: ~20K paying customers at a blended ARPU of ~$37/mo.
Growth: web traffic is growing; estimated ~8.0% MoM.
Pricing: published tiers from $4 up to custom/enterprise.

### How much revenue does Material Security make?
We estimate ~$8.9M ARR ($744K/mo MRR).
### How many customers does Material Security have?
Approximately 20K paying customers.
### Is Material Security growing?
Material Security's web traffic is growing, with estimated growth around 8.0% per month.
### Is Material Security public or private?
Material Security is a private, Series B company founded in 2017.
### How accurate is this estimate?
Validated blind, our model lands within 2x of reported figures ~70% of the time and within 3x ~90%.