Obsidian Security has raised $85 million in a Series D funding round at a $1.1 billion valuation, bringing its total funding to over $200 million, with the round led by Crescent Cove Advisors. The company offers a platform that governs AI agents and SaaS applications, monitoring and enforcing policies on what agents like Microsoft Copilot and Salesforce Agentforce can access and execute within enterprise systems. The new funds will be used to accelerate expansion into agentic AI security, including added governance controls for Anthropic's Claude Code and Cowork.