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.
