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Obsidian Security

www.obsidiansecurity.com link_icon

Obsidian Security Company Focused Market Research Report



Company Overview



Name, Mission of the Company


  • Name: Obsidian Security

  • Mission: To make the impact of SaaS breaches a thing of the past.


Founding and Key People


  • Founded: 2017

  • Founders: No information is available.

  • Key People:

  • Hasan Imam - CEO

  • Glenn Chisholm - Co-Founder, Chairman & CPO

  • Matt Wolff - Co-Founder & Chief AI Officer

  • Xinran Wang - EVP of Engineering

  • Craig Wickersham - General Counsel

  • Jolie Fournier - Head of Demand Generation

  • Chithra Rajagopalan - Head of Finance

  • Alfredo Hickman - Chief Information Security Officer


Headquarters


  • Location: Newport Beach, California


Number of Employees


  • No information is available.


Revenue of the Company


  • No information is available.


What is the Company Known For


  • Obsidian Security is known for providing the industry’s most comprehensive and powerful SaaS defense solution. They focus on application posture, identity security, and SaaS data governance.


Products



Overview


Obsidian offers products that address the key aspects of SaaS security:

1. Application Posture
2. Identity Security
3. SaaS Data Governance

Detailed Product Descriptions


1. Application Posture
  • Description: Helps streamline SaaS posture to quickly adhere to compliance standards and secure data.

  • Key Features:

  • Identify over-privileged accounts.

  • Monitor and manage SaaS app configurations.

  • Automate evidence collection for compliance.


2. Identity Security
  • Description: Detects and prevents identity threats across SaaS environments.

  • Key Features:

  • Machine learning (ML)-based algorithms to identify anomalous user behaviors.

  • Detection rules mapped to the MITRE ATT&CK framework.

  • Real-time response to identity threats.


3. SaaS Data Governance
  • Description: Understands data flows between apps to control access and reduce risk.

  • Key Features:

  • Comprehensive risk score for each integration.

  • Visualization of data movement across apps.

  • Manage unapproved and inactive integrations.


Recent Developments



New Product Launches and Features


  • Integration Risk Management, Compliance, and Extend: Added to the Obsidian platform in 2023, providing security and GRC teams comprehensive SaaS security coverage.

  • SaaS Posture Management: Added in 2021 to help security teams proactively protect their applications.


Partnerships


  • Partnership with NORMA Cyber: Established in 2022.

  • Strategic IR partnership with CrowdStrike: Established in 2020.

  • Partnership with Databricks: Announced in June 2024 to bolster SaaS data governance.


Certifications and Recognitions


  • Great Place to Work Certification: Received in 2022 and 2023.

  • Forrester Recognition: Recognized as a strong performer in SaaS Security Posture Management (SSPM) in December 2023.


Key Events and Milestones


  • 2017: Founded in Newport Beach and raised Series A funding.

  • 2018: Onboarded its first customers and supported 10 business-critical SaaS applications.

  • 2019: Released the SaaS activity timeline and raised Series B funding.

  • 2020: Added support for over 15 SaaS applications, including Google Workspace and Salesforce.

  • 2022: Raised $90 million in Series C funding.


Other Developments


  • Expansion to the San Francisco Bay Area in 2021 with a new office in Redwood City.

  • Established EMEA CIO Advisory Board in 2022.


Conclusion



Obsidian Security is at the forefront of SaaS security, continually expanding its product offerings and forming strategic alliances to enhance its digital defense capabilities. Focused on application posture, identity security, and SaaS data governance, the company is committed to providing comprehensive and proactive security solutions to its customers.