Obsidian Raises $85 Million Series D to Scale AI Agent Security Growth

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Postmedia has not reviewed the content. by Business Wire Obsidian Raises $85 Million Series D to Scale AI Agent Security GrowthAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account. Sorry, your browser doesn't support embedded videos.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCompany Achieves Unicorn Status with Global Enterprise Adoption of Obsidian’s AI Security Platform AcceleratingCompany valued at $1.1B with world’s largest and most complex enterprises deploying agents with Obsidian’s AI security platformTrusted by 60 of the Fortune 500 companies including major financial institutions, social media networks and top telecom providers to prevent rogue agent activity in third-party applicationsSeries D funding, led by Crescent Cove Advisors, fuels Obsidian’s R&D to secure enterprises against next-gen frontier models exploiting vulnerabilities in third-party applicationsPALO ALTO, Calif. — Obsidian Security, the leading platform securing non-human identities and AI agents across third-party applications, today announced $85 million in Series D financing led by Crescent Cove Advisors, with participation from all existing investors including Greylock Partners and Menlo Ventures. The round follows accelerating customer growth with more than 100 customers now spending over $100K annually and over 14 customers spending more than $1 million today. As enterprises adopt AI agents built on next-gen models across platforms like Anthropic’s Claude, OpenAI’s ChatGPT, and Microsoft Copilot Studio, they are increasingly turning to Obsidian to secure how those agents operate inside the third-party applications that run their business.Obsidian Security Achieves Unicorn Status with $1.1B ValuationGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againObsidian has spent years preparing for this moment. Non-human identities outnumber human identities 144 to 1 inside third-party applications, and agents built on frontier models are multiplying that gap further, landing in an environment where fixing exposure already takes months. As enterprises adopt agents from multiple AI ecosystems at once, agent misbehavior is becoming more common, and security teams need one durable control point across all of them. That need has driven Obsidian’s growth among the world’s largest organizations across the Fortune 500 and Global 2000 and that scale is now a strength in itself. As more enterprises adopt Obsidian, its network intelligence compounds, turning patterns spotted at one company into faster protection for every customer on the platform.Obsidian will use the funding to extend that lead, bringing its platform to more of the Fortune 500 and Global 2000 as the standard for securing what AI agents can access and do.“AI is fundamentally changing how enterprises operate, creating new infrastructure challenges that legacy security models weren’t designed to address,” said Jun Hong Heng, Founder and Chief Investment Officer of Crescent Cove Advisors. “Obsidian recognized that shift early and is building the platform enterprises need to securely adopt AI at scale. The company embodies the kind of foundational technology we seek to back, and we are excited to support the team as they continue to define the future of AI security.”“AI agents gravitate toward third-party applications. That’s where the data lives, that’s where the work happens, and that’s exactly where the risk lives too,” said Hasan Imam, CEO of Obsidian Security. “Frontier and open-source models alike are pushing agents deeper into these environments faster than most security teams can track. More than 70% of our customers already let agents into third-party apps, and that number is only going up. We intend to be the platform that protects enterprises from agents going rogue in third-party applications, so enterprises get the full return on every agent they deploy. That’s the future we’re building toward.”Closing the Gap Between AI Agent Adoption and AI Agent GovernanceEnterprise AI agents, whether built on platforms like Microsoft Copilot Studio, Salesforce Agentforce and n8n, or operating as autonomous developer agents like Anthropic’s Claude Code and Cowork, increasingly reach into data warehouses (Databricks, Snowflake), developer infrastructure (GitHub, GitLab), CRM, sales systems (Salesforce, HubSpot), and collaboration tools (Notion, Slack) and other third-party applications. These applications hold source code, regulated data, and intellectual property and an unsecured agent can leak, modify, or delete that data at machine speed.Security teams consistently report three top concerns: agents taking destructive or irreversible actions, unsanctioned agents connecting to critical systems without approval, and agents reaching sensitive data they were never meant to access. Recent incidents underscore the stakes from an AI agent that triggered a 13-hour cloud outage after being granted overly broad permissions, to an agent that deleted decades of irreplaceable personal files, to an agent that circumvented an application’s native guardrails to delete a company’s production database and backups.Obsidian has been building toward exactly this moment. Its runtime governance detects and blocks privilege escalation, excessive data access and policy violations for agents built on agentic platforms like Microsoft Copilot, n8n, Google Vertex, Amazon Bedrock, OpenAI and others. That’s backed by complete inventory of every agent, MCP server and LLM running in third party systems, so security teams know what’s connected before something goes wrong. Today’s announcement builds directly on that foundation.Obsidian’s New AI Security Capabilities1. Agent Access Governance to Claude Code and Cowork: Building on existing coverage for platforms like Copilot Studio, OpenAI, Salesforce Agentforce, n8n, and more, Obsidian extends its AI agent security to Anthropic’s Claude platform, giving security teams the ability to discover, govern, and enforce what Claude Code and Cowork agents can access and do inside their most critical third-party applications. The capability set includes restricting dangerous agent permissions to production data, managing agent access to sensitive files, right-sizing excessive access, controlling unsanctioned MCP and tool usage, and preventing destructive agent actions at runtime.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.2. Runtime Protection for AI Agents: Enforce real-time guardrails for agents built with Microsoft Copilot, and Anthropic Claude, detecting and blocking privilege escalation, excessive data access, and policy violations at execution time, before impact occurs, based on risk factors aligned to OWASP standards and industry best practices. Security cannot credibly govern agents if control only happens after misuse. With real-time enforcement from Obsidian, governance shifts from reactive monitoring to preventative action.3. MCP Server Inventory: Gain complete visibility into every MCP server across the enterprise, mapped to the agents that invoke them, enabling security teams to identify unsanctioned MCP usage and assess the downstream blast radius of agentic connections to backend systems and services. By surfacing the execution layer behind agents, Obsidian extends governance to the infrastructure and tools agents actually invoke, exposing all agentic risk without stitching together fragmented dashboards.4. LLM Inventory: Track every large language model powering agents in the environment to spot when models are switched or substituted, giving security and compliance teams continuous assurance that only sanctioned models drive enterprise agents. Security teams will no longer be surprised by new agentic behavior. They will always know which models are operating inside their environment.Watch Obsidian Security CEO, Hasan Imam share more about today’s announcement at: https://youtu.be/jEQZwaa8coAObsidian Security secures the AI-first enterprise, governing data, AI and agents inside third-party applications. Trusted by Fortune 1000 and Global 2000 enterprises, Obsidian gives security teams visibility into what’s connected, controls to enforce what’s allowed, and the runtime context to govern AI and agent activity before it causes damage inside critical business systems. Headquartered in Palo Alto, California, Obsidian is backed by Crescent Cove Advisors, Menlo Ventures, Norwest Venture Partners, IVP, Greylock, GV, and Wing. For more information, visit www.obsidiansecurity.com.View source version on businesswire.com: Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.