ObserveIT

Company Overview

Snapshot

Founded in February 2006 by Gabriel Friedlander, Avi Amos, and Avi Weiss, ObserveIT grew to 11–50 employees. The company raised $53 million across two funding rounds from three investors. ObserveIT was acquired by Proofpoint in November 2019 for $225 million.

Business overview

ObserveIT develops an endpoint solution designed to identify and eliminate insider threats by providing detection and prevention capabilities. Its technology enables proactive defense against both malicious and negligent user behavior from employees, privileged users, and third parties. The company's platform monitors user behavior, offers real-time education and deterrence, and provides full playback of security incidents to reduce investigation times and simplify compliance. ObserveIT serves a wide range of industries globally, focusing on enterprise security within the Cyber Security sector.

Strategic signal

In November 2019, ObserveIT was acquired by Proofpoint for $225 million. This acquisition signals a strategic consolidation within the cybersecurity market, with Proofpoint integrating ObserveIT's insider threat detection capabilities to enhance its security portfolio. For investors, this demonstrates the high value placed on specialized solutions addressing critical enterprise security challenges like insider threats.

Company Intelligence Q&A

What was the most significant corporate event for ObserveIT?

ObserveIT was acquired by Proofpoint in November 2019 for $225 million, leading to its current status as an inactive entity.

When was ObserveIT founded and by whom?

ObserveIT was founded in February 2006 by Gabriel Friedlander, Avi Amos, and Avi Weiss.

What was the total capital raised by ObserveIT?

ObserveIT raised a total of $53 million across two funding rounds. The first round was $20 million from Bain Capital Ventures in December 2013, followed by $33 million from Spring Lake Equity Partners and Bain Capital Ventures in July 2018.

Which investors participated in ObserveIT's funding rounds?

In July 2018, ObserveIT received investment from Spring Lake Equity Partners and Bain Capital Ventures. Bain Capital Ventures also invested in December 2013.

What was a key product development for ObserveIT prior to its acquisition?

In August 2019, ObserveIT unveiled a crowdsourced insider threat analytics solution, enhancing its capabilities for detecting and mitigating internal security risks.