SaaS Security and Posture Management Company Obsidian Security Raises $90M>
MSSP Alert – Dan Kobialka
Obsidian Security, a company that specializes in SaaS security and posture management (SSPM), has raised $90 million in a Series C funding round and increased its total financing to $119.5 million. With the Series C funding, Obsidian will accelerate the global expansion of its research and development and go-to-market teams, the company said. Obsidian also will grow its operations to meet the rising demand for SaaS security solutions globally. Obsidian provides an SSPM platform that organizations can use to detect and mitigate account compromises before their data can be exfiltrated, the company stated. The platform enables security teams to investigate threats within and across SaaS applications and find the best ways to remediate them. Also, Obsidian looks poised for further growth. The company recorded âexplosive revenue growthâ in 2021 that included 5x growth in deals of $100,000 or more and will use its Series C funding to extend its reach in the global SaaS security market. Still, actual revenue and EBITDA dollar figures were not disclosed.
Link: https://www.msspalert.com/investments/saas-security-and-posture-management-company-obsidian-security-raises-90m/?utm_medium=email&utm_source=sendpress&utm_campaign