Obsidian Security, a Newport Beach, California-based leader in SaaS Security and Posture Management (SSPM), announced that it raised $90 million in Series C financing.
The round was led by Menlo Ventures, Norwest Venture Partners, and IVP, with participation from existing investors Greylock, Wing, and GV.
Obsidian, which has now raised $119.5 million in total financing, will add Menlo Ventures Partner Venky Ganesan to its board of directors.
Company: Obsidian Security, Inc.
Round: Series C
Funding Month: April 2022
Lead Investors: Menlo Ventures, Norwest Venture Partners and IVP
Additional Investors: Greylock, Wing, and GV
Company Website: https://www.obsidiansecurity.com/
Software Category: SaaS Security and Posture Management (SSPM)
About the Company: Founded in 2017 by industry experts from Carbon Black and Cylance including Ben Johnson, Glenn Chisholm, and Matt Wolff. Obsidian Security is the first truly comprehensive threat and posture management solution built for SaaS, to help security and IT operations teams bridge the security and compliance gaps created when lines of business adopt SaaS applications to run business-critical functions like finance, payroll, HR, sales, and operations. Its platform consolidates data across core applications to help your team optimize configurations, reduce over-privileged, and mitigate account compromise and insider threats. The company was a Notable Fortune 500 company that trusted Obsidian Security to secure SaaS applications, like Salesforce, Workday, Microsoft 365, ServiceNow, Google Workspace, and Github. Headquartered in Southern California.