# OverWatch ID

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/overwatch-id

- Industry: IT Security/Cybersecurity
- Headquarters: Denver, US
- Website: www.overwatchid.com
- Total disclosed funding: $4M
- Latest round: Seed (Feb 6, 2018)
- Investors on record: 6

## About

OverWatch ID, Inc. specializes in identity security solutions, providing a comprehensive platform that enhances organizational security and streamlines user access for various industries, including finance, healthcare, and technology.Founded in 2016 in Denver, US, OverWatch ID, Inc. offers a Converged Identity Security Platform aimed at securing privileged user accounts. In October 2019, the company was acquired by SailPoint Technologies, Inc., with financial terms undisclosed. The company's operations include three significant deals since its inception, with the latest funding round being a Venture Debt of USD 0.15 mn, contributing to a total of USD 4.02 mn raised.OverWatch ID's core offering is its Converged Identity Security Platform, which encompasses a range of solutions designed to enhance organizational security and streamline user access. The platform integrates Privileged Access Management (PAM), Identity and Access Management (IAM), Cloud Access Security Broker (CASB), and Multi-Factor Authentication (MFA) to protect privileged user accounts and secure critical systems across various industries. These products provide secure, one-click access to infrastructure, servers, devices, and cloud applications, thereby addressing concerns related to privilege abuse and unauthorized access. OverWatch ID's solutions are particularly beneficial for clients in sectors such as finance, healthcare, and technology, where data security is paramount. The company serves a diverse clientele, including enterprises utilizing cloud-based services like Salesforce, AWS, and NetSuite, primarily targeting markets in North America, Europe, and Asia.OverWatch ID generates revenue primarily through subscription-based models for its suite of security solutions. Clients engage with the company through direct partnerships, allowing organizations to implement the Converged Identity Security Platform as a tailored solution to meet their specific security needs. The transaction structure typically involves annual or multi-year contracts that encompass various products and services within the platform. Specific pricing plans for these services are designed to reflect the complexity and scale of deployment, ensuring that clients receive the necessary support and features to optimize their security posture. As such, organizations that implement OverWatch ID’s offerings can expect to enhance their security measures while optimizing costs associated with privilege management and identity verification.Following its acquisition by SailPoint Technologies, Inc. in October 2019, OverWatch ID plans to leverage recent funding to expand its product offerings and enhance its platform capabilities. The company is focusing on developing new security solutions aimed at addressing evolving threats, with plans for a product launch in the next fiscal year. Additionally, OverWatch ID intends to penetrate new geographic markets in Asia and Europe by 2022, aiming to strengthen its presence in these rapidly growing regions.

## Funding rounds

- Seed, Feb 6, 2018, $4M — OCA Ventures, IrishAngels, Rockies Venture Fund, Silicon Valley Data Capital, WestWave Capital, Copper River Advisors

## Investors

- OCA Ventures (https://capitalatlas.ai/funds/oca-ventures) — Seed
- IrishAngels (https://capitalatlas.ai/funds/irishangels) — Seed
- Rockies Venture Fund (https://capitalatlas.ai/funds/rockies-venture-fund) — Seed
- Silicon Valley Data Capital (https://capitalatlas.ai/funds/silicon-valley-data-capital) — Seed
- WestWave Capital (https://capitalatlas.ai/funds/westwave-capital) — Seed
- Copper River Advisors — Seed