ObserveIT, a Boston, MA-based insider threat management provider with more than 1,700 customers around the world, closed $33m in Series B funding.
The round includes participation from Bain Capital Ventures, Spring Lake Equity Partners and NightDragon Security, the cybersecurity investment firm founded by industry veteran Dave DeWalt.
The company intends to use the funds to accelerate innovation for its insider threat management solutions and to expand its sales and marketing teams to support global growth.
Led by Mike McKee, CEO, ObserveIT provides an Insider Threat Management solution that enables security teams to detect insider threats, streamline the investigation process, and prevent data exfiltration giving comprehensive visibility into what people – contractors, privileged users and high-risk users – are doing.
The solution has more than 1,700 customers across 87 countries.