ObserveIT Closes $33M in Series B Financing with Support from Dave DeWalt’s NightDragon Security
Summary
BOSTON--( BUSINESS WIRE )-- ObserveIT , the leading insider threat management provider with more than 1,700 customers around the world, today announced it closed $33 million in Series B funding.The funding will be used to accelerate innovation for ObserveIT’s award-winning insider threat management solutions and to expand ObserveIT’s sales and marketing teams to support the company’s global growth.“Whether accidental or malicious, insider threats are increasing in both frequency and cost,” said Mike McKee, CEO of ObserveIT.“Our recent momentum is a testament to the market’s need for a holistic cybersecurity solution which swiftly identifies and eliminates these risks – with real-time visibility, detection, and prevention.ObserveIT is the only solution that empowers security teams to detect insider threats, streamline the investigation process, and prevent data exfiltration.
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