Abstract Announces $25 Million Financing

Gunderson Dettmer represented Abstract in its $25 million financing, bringing the company’s total funding to nearly $50 million. The round was co-led by Cheyenne Ventures and AVP, with participation from Olive Hill Ventures, Crosslink Ventures, and Rally Ventures.

Abstract's streaming-first platform enables organizations to modernize security operations without being locked into a single vendor ecosystem. The funding will go toward widening in-stream detection coverage, expanding the use of AI in security operations, and growing its go-to-market team to keep pace with enterprise demand.

“For more than two decades, SIEM has been the foundation of security operations,” said Colby DeRodeff, CEO and co-founder of Abstract, in the announcement of the transaction. “AI-Gen Security Operations is what's next. It gives organizations control over their data, runs detections while data is still in motion, and embeds AI into every stage of detection, triage, investigation, and response. We built Abstract around that vision from day one because AI isn't a feature bolted onto the SOC. It's woven into every layer of security operations. This investment gives us the resources to continue building a generational cybersecurity company.”

The Gunderson deal team was led by Nic Markman and included Allen Amin and Kelly Warren.