GV, a corporate venturing subsidiary of internet and technology conglomerate Alphabet, yesterday took part in a $20m funding round for US-based cybersecurity technology developer Obsidian Security.
Venture capital firm Wing led the round that also included participation from fellow VC firm Greylock Partners.
Founded in 2017, Obsidian has developed a platform that enables organisations to protect their users and applications from phishing attacks and identity theft.
The platform, which uses machine learning technology to analyse data such as user activity and permissions, maps the company’s users to detect suspicious activity or abnormal behaviour.
Gaurav Garg, founding partner at Wing, has joined the Obsidian board of directors following the round.
Greylock Partners previously supplied $9.5m in series A capital in 2017.
Glenn Chisholm, chief executive and co-founder of Obsidian, said: “Obsidian is focused on making identity a security advantage as enterprises move to hybrid architectures.
“Obsidian is positioned to define the intelligent identity perimeter. We look forward to engaging with customers at RSA 2019.”