Obsidian Security Secures $20M Round
February 28, 2019
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.
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