Overview

Obsidian Security focuses on protecting Software as a Service (SaaS) applications from cybersecurity threats and ensuring compliance with regulations. Their platform consolidates data from various SaaS applications into a unified knowledge graph, which helps businesses monitor risk, compliance, and threats without needing deep expertise in each application. They offer services such as continuous compliance monitoring, incident response, and third-party SaaS risk monitoring, making it easier for companies to manage their SaaS security. What sets Obsidian apart from competitors is its ability to learn from each threat it mitigates, allowing for continuous improvement of its security solutions. The goal of Obsidian Security is to provide cost-effective and effective protection for businesses using SaaS applications, ensuring they can operate securely and efficiently.

Simplify's Take

What believers are saying

• Growing demand for SaaS security boosts Obsidian's market potential and client base.
• AI-driven cybersecurity trends offer opportunities for enhanced threat detection capabilities.
• Recognition as a strong performer by research firms boosts credibility and attracts clients.

What critics are saying

• Increased competition from established firms may pressure Obsidian's market share.
• Rapid AI advancements require significant R&D investment to maintain competitiveness.
• Expansion into new regions may expose Obsidian to unfamiliar regulatory challenges.

What makes Obsidian Security unique

• Obsidian Security offers a unified platform for SaaS risk management and threat mitigation.
• Their continuous improvement cycle enhances threat detection with each mitigated threat.
• Obsidian's partnerships with major cloud providers expand their market reach and credibility.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$116.2M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Greylock Partners

Notable Investors:

Greylock Partners

$90,000,000

Series C

Apr 2022

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$90M

$100M

View all funding stages