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ObserveID, Inc

Identity Security Platform for Hybrid and Multicloud

USA, California
Market: Internet and IT
Stage of the project: Operating business

Date of last change: 06.04.2024
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Idea

ObserveID is a real-time identity intelligence, automation, and governance platform to help organizations prevent breaches by reducing the attack surface of hybrid and multicloud infrastructure

Current Status

Total six customers in the Utility, Media, Professional Services, and Financial Services industry. Current ARR 880K

Market

Current customers include Utility, Financial Services, and Media and Entertainment

Problem or Opportunity

Reduce cyber security threats, address regulatory and compliance requirements, and increase operational efficiency with automation.

Solution (product or service)

Identity Automation: Provide 360 views of identities in hybrid and multicloud environments and automate user access based on Roles.

Identity Intelligence: Provides near real-time insights into user behavior analysis and helps enforce least privileged access.

Identity Governance: Uses AI/ML to meet regulatory and compliance requirements.

Competitors

Okta
SailPoint
Saviynt

Advantages or differentiators

Purpose-built Converged Platform
Built-in Intelligence with the ability to take an automated action.
Ability to serve the entire depth and breadth of IT
Cost-effective
Predictive Analysis

Finance

Average customer price: 150K/year

Expected ARR:
2024 - 1 million
2026 - 5 million
2029 - 10 million

Business model

Business-to-Business
Channel partner network!
MSSPs

Money will be spent on

Continuous Product Development
Sales and Marketing
Customer Success Center

Offer for investor

25% with a 20-million valuation

Team or Management

Risks

continuous technology evolution

Incubation/Acceleration programs accomplishment

None

Won the competition and other awards

Product Leader by a Kuppinger Cole's CIEM Compass study
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video
Presentation