Menu
Ex-Cylance, Carbon Black executives' start-up raises $20M

Ex-Cylance, Carbon Black executives' start-up raises $20M

Investors include Greylock Partners, Wing and GV, a venture arm of Alphabet

Credit: Dreamstime

Cyber security company Obsidian Security raised $20 million in a funding round participated by Greylock Partners, the company told Reuters on Tuesday, a day ahead of a planned announcement.

Other investors in the latest round include venture capital firm Wing and GV, a venture arm of Google parent company Alphabet.

Obsidian Security, founded by former executives from cybersecurity firms Cylance and Carbon Black, will use the money for product development and to grow sales and marketing teams, Chief Executive Officer Glenn Chisholm told Reuters.

"Even companies that have successfully adopted single sign-on and multi-factor authentication technologies are scrambling to understand and secure what employees do after they log in," Chisholm said, adding that Obsidian offers "powerful centralised visibility and monitoring of user identities across enterprise applications."

Obsidian Security launched with $9.5 million in venture capital funding by Greylock Partners in 2017 that valued the company at $27 million, according to Pitchbook.

The company declined to disclose valuation.

(Reporting by Angela Moon; Editing by Lisa Shumaker)


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags CylanceCarbon BlackObsidian Security

Events

Featured

Slideshows

Channel kicks 2021 into gear as After Hours returns to Auckland

Channel kicks 2021 into gear as After Hours returns to Auckland

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Pantry at Park Hyatt in Auckland to kick-start 2021.

Channel kicks 2021 into gear as After Hours returns to Auckland
The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Show Comments