Obsidian Security Raises $85M in Funding, Valued at $1.1B

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Obsidian Security disclosed on Tuesday that it has secured $85 million in a Series D funding round, valuing the company at $1.1 billion.

Funding Details

Obsidian Security disclosed on Tuesday that it has secured $85 million in a Series D funding round, valuing the company at $1.1 billion. This latest round brings the company’s total funding to over $200 million, with Crescent Cove Advisors leading the investment. Additional participants included Greylock Partners and Menlo Ventures. The capital will be allocated to advance the company’s development of agentic AI security solutions.

Platform Overview

The firm’s platform specializes in managing AI agents and SaaS applications, providing oversight of actions taken by tools such as Microsoft Copilot Studio, Salesforce Agentforce, n8n, and Anthropic’s Claude Code and Cowork within enterprise environments. It monitors access and execution permissions for these agents across third-party systems, including data warehouses, developer tools, CRMs, and collaboration platforms.

Key Features

The platform’s runtime governance layer identifies and mitigates risks such as privilege escalation, excessive data access, and policy violations by enforcing rules aligned with OWASP risk criteria before actions are executed. A key feature of the system is its ability to track MCP servers connected across an organization, linking them to specific agents utilizing them. This functionality enables teams to detect unauthorized MCP connections and assess the potential impact of agent-to-backend interactions. The latest update introduces native governance controls for Claude Code and Cowork, allowing security teams to restrict agent access to production data, manage permissions for sensitive files, and prevent unauthorized use of MCP or other tools.

CEO Statement

Hasan Imam, CEO of Obsidian, emphasized the growing reliance of AI agents on third-party applications. “AI agents operate within third-party ecosystems where data resides and work occurs, making these environments critical risk zones,” he stated. “Currently, only 13% of security teams can inspect and enforce policies on this traffic in real time. Our goal is to transform this dynamic by governing agent activities within third-party apps, ensuring enterprises maximize the value of their deployed agents.”

Industry Impact

The company’s expansion into agentic AI security reflects a broader industry shift toward addressing risks associated with AI-driven workflows. By integrating governance mechanisms directly into agent operations, Obsidian aims to provide enterprises with greater control over AI interactions while minimizing exposure to vulnerabilities.