Obsidian Security Valuation, Funding & Investors
Obsidian Security is valued at $1.1B as of August 2026.
Last Obsidian Security valuation
$1.1B
Series D · Aug 2026
Last Obsidian Security funding round
$85M
Series D · Aug 2026
Cumulative funding Obsidian Security raised
$205M
across 4 funding rounds
Key investors in Obsidian Security
Greylock
GV
Wing Venture Capital
Menlo Ventures
IVP
Norwest
About Obsidian Security
Obsidian Security is a San Francisco-headquartered SaaS security platform providing threat detection and posture management for multi-cloud environments. The solution monitors applications like Salesforce, Workday, and ServiceNow for identity risks, data exposure, and misconfigurations, serving enterprises with over 100 SaaS apps. Obsidian integrates with SIEM tools and has protected workloads for clients in finance and healthcare sectors.
Founded
2017
HQ
Los Angeles, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.1B (Aug 2026)
Obsidian Security Valuation
Obsidian Security is currently valued at $1.1B, based on its Series D in August 2026.
The $85M round was led by Crescent Cove Advisors, with participation from Norwest Corporation, Menlo Ventures, IVP, GV, Greylock and 1 other investor.
Obsidian Security's valuation has grown 10x from $109M at its Series B in February 2019 to $1.1B in August 2026, across 2 priced rounds.
Obsidian Security valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2026 | Series D | $1.1B |
| Feb 2019 | Series B | $109M |
Obsidian Security Funding History
Obsidian Security has raised a total of $205M across 4 funding rounds.
Obsidian Security's first fundraising round was a $10M Series A in June 2017. The most recent completed round was a $85M Series D in August 2026.
Obsidian Security funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Series D | Crescent Cove Advisors (lead); Norwest Corporation; Menlo Ventures; IVP; GV; Greylock; Wing Venture Capital | $85M | $1.1B | Obsidian Security raised USD 85 million in a Series D financing led by Crescent Cove Advisors, with participation from existing investors including Greylock Partners and Menlo Ventures, at a post-money valuation of USD 1.1 billion. The company said the capital will support R&D and expansion of its platform for securing non-human identities and AI agents across third-party applications, and Reuters reported the cash should last until the company reaches positive cash flow. The deal comes as enterprises rapidly adopt autonomous software agents with access to customer records, source code, and other sensitive systems, increasing demand for AI security infrastructure. Obsidian said the round brings total funding to more than USD 200 million, and the company is using the new capital to accelerate its expansion into agentic AI security. Obsidian Security is headquartered in Palo Alto, California, and focuses on protecting enterprise environments where AI agents operate across third-party applications. The company said it is backed by Crescent Cove Advisors, Menlo Ventures, Norwest Venture Partners, IVP, Greylock, GV, and Wing, and it described its platform as securing non-human identities and AI agents across major enterprise software environments. |
| Apr 2022 | Series C | Innovation Valley Partners (lead); Menlo Ventures (lead); Norwest (lead); IVP; GV; Greylock; Wing Venture Capital | $90M | - | Obsidian Security, founded in 2017 and headquartered in Newport Beach, California, is a cybersecurity startup specializing in SaaS Security and Posture Management (SSPM). The company provides a platform that analyzes state and activity data across SaaS applications like Salesforce, Workday, GitHub, Google Workspace, Microsoft 365, ServiceNow, and Zoom to reduce over-privilege, optimize configurations, prevent sensitive data exposure, and detect compromised accounts and insider threats. It consolidates data into a proprietary knowledge graph for a comprehensive view of SaaS environments, addressing gaps left by traditional security solutions amid rising SaaS adoption during the COVID-19 pandemic. On April 14, 2022, Obsidian Security announced a $90 million Series C funding round led by Menlo Ventures, Norwest Venture Partners, and IVP (also referred to as Innovation Valley Partners), with participation from existing investors Greylock, Wing Venture Capital, and GV (Alphabet's investment arm). This brought the company's total funding to $119.5 million. Menlo Ventures Partner Venky Ganesan joined the board. Customers include major tech firms like Snowflake and Figma, as well as over 80 organizations across industries, including multiple Fortune 500 companies. The round was driven by strong demand, with the company reporting 5x growth in the number of deals valued at $100,000 or more in 2021, alongside explosive revenue growth that year. Obsidian plans to use the funds to expand its research and development team, broaden go-to-market efforts, and widen coverage of third-party SaaS applications. CEO Hasan Imam, a veteran from Shape Security, emphasized the platform's role in enabling security teams to detect threats and foster a shared-responsibility model for SaaS security among stakeholders. |
| Feb 2019 | Series B | Wing Venture Capital (lead); GV; Greylock | $20M | $109M | Obsidian Security is a cybersecurity startup based in Newport Beach, California, founded in 2017, specializing in SaaS security and posture management. The platform addresses security gaps in business software applications, particularly session hijacking, over-privileging, and configuration risks across SaaS tools like Salesforce, Workday, GitHub, Google Workspace, and Microsoft 365. It enables enterprises to monitor and secure hundreds of SaaS applications by correlating user activities, privileges, and integrations. On February 27, 2019, Obsidian Security raised a Series B round of $30.06 million led by Wing Venture Capital, with participation from Greylock and GV (Google Ventures), bringing total funding at the time toward $119.5 million across rounds. The post-money valuation for this round was $108.53 million. The investment aligned with Wing's focus on identity as the new security perimeter amid the shift to SaaS, cloud, and mobile, addressing challenges in managing distributed enterprise services and dynamic assets. The company, led by CEO Hasan Imam (former Shape Security executive) and a team with experience from Carbon Black and Cylance, aimed to scale protections beyond major platforms to bespoke and internal SaaS apps via APIs. This round preceded a larger Series C of $90 million in April 2022, led by Menlo Ventures, Norwest, and IVP, with the same existing investors, pushing total raised to $119.5-$155.45 million and later valuations to $592.35 million by April 2024. Obsidian positions itself in the growing cybersecurity market for SaaS, capitalizing on remote work trends post-COVID and rising data privacy concerns, competing with firms like Theta Lake and MixMode while expanding integrations and developer community contributions. |
| Jun 2017 | Series A | Greylock (lead) | $10M | - | Obsidian Security raised $9.5 million in Series A funding led by Greylock Partners on June 8, 2017. The company, founded by security veterans Glenn Chisholm (former EVP product and CTO at Cylance), Ben Johnson (former co-founder and CTO at Carbon Black), and Matt Wolff (former chief data scientist at Cylance), focuses on applying artificial intelligence to enable user security for enterprise hybrid-cloud environments. The funding will support building a world-class engineering and data science team and adding leading customers as design partners. Asheem Chandna and Sarah Guo from Greylock Partners joined the board alongside CEO Chisholm and CTO Johnson. |
Who has invested in Obsidian Security?
9 investors have backed Obsidian Security across its funding rounds, including Greylock, GV, Wing Venture Capital, Menlo Ventures, IVP and Norwest.
Lead investors include Crescent Cove Advisors, Innovation Valley Partners, Menlo Ventures, Norwest, Wing Venture Capital and 1 other investor.
Obsidian Security Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | Jun 2017 | |
| San Francisco, CA | 3 | Participant | Feb 2019 | |
| San Francisco, CA | 3 | Lead | Feb 2019 | |
| San Francisco, CA | 2 | Lead | Apr 2022 | |
| San Francisco, CA | 2 | Participant | Apr 2022 | |
 Calgary | 1 | Participant | Aug 2026 | |
| San Francisco, CA | 1 | Lead | Apr 2022 | |
This data is available for Pro users. Sign up to see all 9 Obsidian Security investors. Start Free Trial | ||||
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Start Free TrialObsidian Security Competitors
Obsidian Security competitors include listed companies like Rackspace and C3.ai, and private ones like Beyond Identity, Vectra AI, Prime Intellect and TENEX.AI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| New York City, NY | Private | - | - | $1.1B | - | |
| San Jose, CA | Private | - | - | $1.2B | - | |
| San Francisco, CA | Private | $100M | - | $1B | 10.0x | |
| Sarasota, FL | Private | $43M | - | $1B | 23.3x | |
| United States | Publicly listed | $2.7B | $244M | $997M | 1.6x | |
| United States | Publicly listed | $250M | ($484M) | $1.7B | 4.5x |
Obsidian Security Public Comps
Obsidian Security is still privately-owned, but its public comps include Odine, Beijing Topnew Info, Systena, Appier Group, Rackspace, cyber_Folks, Eastcompeace Tech, Red Violet, NSFOCUS and SAKURA Internet.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $39M | $3M | 29.9x | - | 339.8x | - | |||
| $39M | ($4M) | 29.7x | - | (325.1x) | - | |||
| $607M | $107M | 1.4x | 1.4x | 7.9x | - | |||
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $226M | $72M | 5.1x | 4.3x | 16.1x | 13.0x | |||
| $197M | $26M | 4.8x | - | 36.4x | - | |||
| $90M | $24M | 13.2x | 11.7x | 50.0x | 31.7x | |||
This data is available for Pro users. Sign up to see all Obsidian Security competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Obsidian Security
| When was Obsidian Security founded? | Obsidian Security was founded in 2017. |
| Where is Obsidian Security headquartered? | Obsidian Security is headquartered in Los Angeles, CA, United States. |
| Is Obsidian Security publicly listed? | No, Obsidian Security is a private, VC-backed company. |
| What is Obsidian Security's valuation? | Obsidian Security was last valued at $1.1B in its Series D in August 2026. |
| How much funding has Obsidian Security raised? | Obsidian Security has raised $205M across 4 funding rounds. |
| What was Obsidian Security's last funding round? | Obsidian Security's last funding round was a $85M Series D in August 2026, led by Crescent Cove Advisors. |
| Who are Obsidian Security's investors? | Obsidian Security's investors include Greylock, GV, Wing Venture Capital, Menlo Ventures, IVP, Norwest Corporation, Norwest, Innovation Valley Partners and Crescent Cove Advisors. |
| Which companies are comparable to Obsidian Security? | Companies comparable to Obsidian Security include Beyond Identity, Vectra AI, Prime Intellect, TENEX.AI, Rackspace and C3.ai. |
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