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Obsidian Security Secures $20M Round

February 28, 2019

Obsidian Security has raised $20 million in a Series B financing round, bringing the company’s total funding to $30 million. Wing led the Series B with participation from GV and Series A investor Greylock Partners.

With the unabated growth in adoption of cloud services, security teams are dealing with poor visibility of users and activities across SaaS and the cloud. Administrators do not have visibility into what users do after logging on to these services. Managing user privileges across disparate applications is siloed, burdensome and error-prone. Account takeovers and compromised credentials are a rapidly growing vector of attacks worldwide, even in organizations that invest heavily in security services and products.

Obsidian’s intelligent identity protection offering continuously analyzes user activity, permissions and configuration data with advanced machine learning to enable better security and identity management for enterprises. The platform provides comprehensive visibility, smarter and less burdensome identity lifecycle management, and efficient incident response and forensics to help organizations protect their users and critical SaaS and cloud assets.

In conjunction with the Series B, Gaurav Garg, founding partner at Wing, has joined the Obsidian board. He joins Asheem Chandna and Sarah Guo, partners at Greylock, Glenn Chisholm, CEO of Obsidian, and Ben Johnson, CTO of Obsidian.

“The battleground of enterprise security has shifted from network and endpoint protection to identity and access,” said Garg. “Obsidian has built a much needed next-generation identity protection solution. They’ve embedded cutting-edge machine learning techniques to help organizations protect their users and critical applications.”

“Obsidian is focused on making identity a security advantage as enterprises move to hybrid architectures,” said Glenn Chisholm, Obsidian CEO and co-founder. “Obsidian is positioned to define the intelligent identity perimeter. We look forward to engaging with customers at RSA 2019.”

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