NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Obsidian Security, the intelligent identity protection company, 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."
About Obsidian
Obsidian is a leading provider of intelligent
identity protection for the hybrid enterprise. Obsidian enables
organizations to protect their users and critical SaaS and cloud assets
with rich new visibility, smarter and less burdensome identity lifecycle
management, and efficient incident response and forensics. At the core
of Obsidian’s machine learning powered offering is the industry’s first
identity graph. The identity graph maps an organization’s users to the
assets for which they have permissions and is enriched with information
about what users have done with their assets. The company’s leadership
team includes innovators from AWS, Carbon Black, Cylance, Dome9, the NSA
and VMware where they have delivered enterprise-grade products to
thousands of customers. For more information, please visit www.obsidiansecurity.com.
