Material Security vs Tracecat
Side-by-side comparison of AI visibility scores, market position, and capabilities
Material Security is a $1.1B unicorn email security platform for Google Workspace and Microsoft 365; raised $100M Series C led by Founders Fund and a16z in May 2022; protects against phishing, account takeover, and email data loss.
About
Material Security is a cybersecurity company providing comprehensive email security and data protection for Google Workspace and Microsoft 365 environments. Founded in 2017 by Ryan Noon, Chris Gilbert, and Abhishek Arun — alumni of Dropbox, Twitter, and Google — and headquartered in San Francisco, Material Security addresses the reality that email remains the primary attack vector for enterprise breaches. Unlike legacy secure email gateways that attempt to block malicious messages before they reach inboxes, Material Security operates directly within cloud office environments via API integration, applying post-delivery detection, behavioral analysis, and automated response to threats that have already bypassed perimeter defenses.
SF YC W24 open-source SOAR security automation deployed by 200+ orgs (Fortune 500 + federal); $500K-$2M seed on Temporal's durable execution with 100+ integrations competing with Splunk SOAR and Tines for security incident response.
About
Tracecat is a San Francisco-based open-source security automation platform — backed by Y Combinator (W24) with $500,000-$2 million in seed funding from Y Combinator, Pioneer.app, Pioneer Fund, and SurgePoint Capital — providing security operations, IT, and infrastructure teams with a modern, cost-effective alternative to commercial SOAR (Security Orchestration, Automation, and Response) tools for automating security alerts, incident response, and IT workflows. Deployed by 200+ organizations from Fortune 500 companies to federal agencies, Tracecat is built on Temporal's durable execution platform (used by Datadog, Netflix, and Stripe) and offers 100+ integrations, AI-assisted runbooks, case management, and lookup tables. Founded in 2024 by Chris Lo and Daryl Lim.
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