Onapsis

Onapsis

Cybersecurity compliance for business applications

About Onapsis

Simplify's Rating
Why Onapsis is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Enterprise Software

Cybersecurity

Company Size

201-500

Company Stage

Series D

Total Funding

$115.6M

Headquarters

Boston, Massachusetts

Founded

2009

Overview

Onapsis specializes in cybersecurity compliance solutions aimed at protecting essential cloud and on-premises business applications, particularly those from SAP and Oracle. The company provides tools that help enterprises manage and reduce operational risks linked to the maintenance of code, applications, and systems, as well as during cloud transformations. Onapsis focuses on automating compliance and IT control audits, which assists businesses in minimizing vulnerabilities and misconfigurations. Their software solutions offer real-time visibility and threat alerts, allowing clients to quickly address unauthorized changes and cyberattacks. Unlike many competitors, Onapsis specifically targets large enterprises that need strong protection for their critical business applications. The company's goal is to enhance the security and compliance of business operations, ensuring that organizations can safely rely on their essential applications.

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Simplify's Take

What believers are saying

  • Increased demand for cloud security boosts Onapsis' market potential.
  • Partnership with Deloitte expands Onapsis' client base and innovation opportunities.
  • Growing regulatory requirements drive demand for Onapsis' compliance solutions.

What critics are saying

  • Cybercriminals increasingly target SAP vulnerabilities, challenging Onapsis' core offerings.
  • Clients may not fully utilize security updates, undermining Onapsis' solutions.
  • Strategic shifts from new leadership may not align with client expectations.

What makes Onapsis unique

  • Onapsis specializes in cybersecurity for mission-critical SAP and Oracle applications.
  • The company offers real-time visibility and threat alerts for business applications.
  • Onapsis automates compliance and IT control audits, reducing vulnerabilities and misconfigurations.

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Funding

Total Funding

$115.6M

Below

Industry Average

Funded Over

5 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$55M
Onapsis
$70M
Twilio
$80M
Handshake
$100M
Affirm

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

401(k) Retirement Plan

Unlimited Paid Time Off

Hybrid Work Options

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

-1%
Dark Reading
Feb 26th, 2025
Onapsis Introduces Control Central for New Era of RISE With SAP

Onapsis introduces Control Central for new era of RISE with SAP.

406 Ventures
Dec 17th, 2024
Onapsis Appoints Paul Kleinschnitz as Chief Revenue Officer

Onapsis appoints Paul Kleinschnitz as Chief Revenue Officer.

Business Wire
Nov 19th, 2024
Onapsis Launches New Secure RISE Accelerator to Accelerate and De-Risk RISE with SAP Transformations

Onapsis launches new Secure RISE Accelerator to accelerate and de-risk RISE with SAP transformations.

Business Wire
Apr 30th, 2024
Onapsis Launches Advanced Security Features For Sap Business Technology Platform

BOSTON--(BUSINESS WIRE)--Onapsis, the leader in business-critical application cybersecurity and compliance, today announced a significant expansion of security capabilities for the SAP Business Technology Platform (SAP BTP). The latest release of Onapsis Assess now offers deep visibility and robust security scanning for SAP BTP. Paired with the market’s only application security testing capabilities for SAP BTP in Onapsis Control, Onapsis solidifies its position at the forefront of SAP application security–from code development to productive environments–providing the market with unparalleled visibility and unmatched security for SAP BTP, a key component of RISE with SAP cloud deployments. Recognized by Gartner, Inc., in its Magic Quadrant for Application Security Testing, Onapsis continues to drive new industry standards in excellence for SAP application security by going beyond basic surface-level scans. In this release, Onapsis Assess now offers deeper insights into risks related to user accounts, identity provider settings, critical authorization assignments, and feature activations, enabling a more thorough, risk-driven security analysis of SAP BTP. In addition, Onapsis Assess now offers security checks that align with both SAP Security Baseline and SAP BTP Security Recommendations, as well as advanced security recommendations from the market-trusted Onapsis Research Labs

Business Wire
Apr 17th, 2024
New Report Reveals Evidence Of Increased Cybercriminal Interest In Erp Applications

BOSTON--(BUSINESS WIRE)--New research from threat data and intelligence leader Flashpoint and ERP cybersecurity and compliance leader Onapsis reveals evidence that SAP business-critical applications are increasingly top of mind and valuable for cybercriminals. The report shows a significant rise in threat actor groups targeting SAP vulnerabilities, and aids defenders with actionable intelligence to ensure their mission-critical SAP applications are protected from these threats. 2023 was a critical inflection point for the SAP application threat landscape with new highs in threat activity and increased interest from prolific and well-established threat actor groups and state-sponsored cyberespionage groups. All SAP vulnerabilities observed within this report were patched by SAP several years ago, with SAP having made the relevant SAP Security Notes promptly available for customers. This indicates that threat actors continue to target and exploit organizations with weak cybersecurity governance for SAP applications, mostly taking advantage of known, unpatched SAP vulnerabilities and misconfigurations. This is of special relevance as customers migrate SAP applications to the cloud, further increasing their exposure to a growing number of threat actors

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Onapsis is Hiring for 4 Jobs on Simplify!

Find jobs on Simplify and start your career today

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