About ObserveIT
ObserveIT is a company based in Boston (United States) founded in 2006 was acquired by Proofpoint in November 2019.. ObserveIT has raised $69 million across 3 funding rounds from investors including Proofpoint, NightDragon and Bain Capital Ventures. ObserveIT operates in a competitive market with competitors including EXIGER, Kyriba, Riskified, Netwrix and CyberGRX, among others.
- Headquarter Boston, United States
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Observeit Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$69 M (USD)
in 3 rounds
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Latest Funding Round
$33 M (USD), Series B
Jul 17, 2018
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Investors
Proofpoint
& 4 more
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Employee Count
Employee Count
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Acquired by
Proofpoint
(Nov 03, 2019)
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Sales and Marketing
232 people
Software Development Team
231 people
Senior Team
99 people
Leadership Team
92 people
Sr. Team
61 people
Human Resources and Administration
39 people
Account Team
27 people
Product Management Team
22 people
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Funding Insights of ObserveIT
ObserveIT has successfully raised a total of $69M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $33 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $33.0M
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First Round
First Round
(09 Dec 2013)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Series B - ObserveIT | Valuation | Spring Lake Equity Partners , NightDragon | |
| Apr, 2018 | Amount | Series B - ObserveIT | Valuation | Bain Capital Ventures |
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| Dec, 2013 | Amount | Series B - ObserveIT | Valuation | Bain Capital Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ObserveIT
ObserveIT has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Proofpoint, NightDragon and Bain Capital Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Provider of cyber security advisory services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ObserveIT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ObserveIT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Observeit Comparisons
Competitors of ObserveIT
ObserveIT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EXIGER, Kyriba, Riskified, Netwrix and CyberGRX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Third-party risks and supply chains are managed via AI platform.
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| domain | founded_year | HQ Location |
Cloud-based treasury automation and risk management solutions are provided.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
User & entity behavior analytics based security & compliance visibility platform for a hybrid cloud IT
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| domain | founded_year | HQ Location |
Cloud-based risk assessment and management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based risk management solutions are offered for the insurance sector.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Observeit
Frequently Asked Questions about ObserveIT
When was ObserveIT founded?
ObserveIT was founded in 2006 and raised its 1st funding round 7 years after it was founded.
Where is ObserveIT located?
ObserveIT is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is ObserveIT a funded company?
ObserveIT is a funded company, having raised a total of $69M across 3 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Dec 09, 2013.
What does ObserveIT do?
ObserveIT was founded in 2006 in Boston, United States, within the cybersecurity sector. Insider threat management solutions are delivered to address risks for businesses and financial institutions. User activities are monitored and analyzed for anomaly detection, while investigation tools are provided to examine potential incidents. Prevention measures are integrated to mitigate threats across operations.
Who are the top competitors of ObserveIT?
Who are ObserveIT's investors?
ObserveIT has 5 investors. Key investors include Proofpoint, NightDragon, Bain Capital Ventures, Spring Lake Equity Partners, and MDI Ventures.
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