Opal

Opal

Access management solutions for IT teams

About Opal

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

Industries

Enterprise Software

Cybersecurity

Company Size

51-200

Company Stage

Series B

Total Funding

$33.8M

Headquarters

San Francisco, California

Founded

2020

Overview

Opal.dev provides access management solutions for IT and infrastructure teams, focusing on simplifying access requests while ensuring strong security. The platform operates on the principle of 'least privilege,' allowing users only the necessary permissions for their roles, which reduces security risks. Opal's subscription model includes features like automated access requests and self-hosting options, catering to organizations with strict data requirements. The company's goal is to enhance security and productivity in the cybersecurity market.

πŸ“ˆ
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Opal raised $22M, indicating strong investor confidence and growth potential.
  • Integration with AWS Marketplace expands Opal's reach and service integration.
  • The rise of remote work increases demand for Opal's secure access management solutions.

What critics are saying

  • Increased competition from firms like Okta and CyberArk threatens Opal's market share.
  • Emerging privacy regulations could complicate Opal's operations and data management.
  • Customer resistance to subscription models may impact Opal's revenue streams.

What makes Opal unique

  • Opal's platform implements the principle of 'least privilege' for enhanced security.
  • Opal offers self-hosting options, catering to strict data sovereignty requirements.
  • Opal provides end-to-end audit trails for Just-In-Time access, aiding compliance.

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Funding

Total Funding

$33.8M

Below

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidlyβ€”often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Paid Holidays

401(k) Retirement Plan

Pre-Tax Commuter Benefits

Growth & Insights and Company News

Headcount

6 month growth

↓ -3%

1 year growth

↑ 24%

2 year growth

↑ 16%
Gazeti App
Dec 7th, 2023
Opal Security, which helps companies manage access and identities, raises $22M

Opal Security, which helps companies manage access and identities, raises $22M.

TechCrunch
Dec 7th, 2023
Opal Security, which helps companies manage access and identities, raises $22M | TechCrunch

Opal Security, a startup building a platform for managing access and identities across organizations, has raised $22 million in a venture round.

Opal
Feb 22nd, 2023
Announcing Opal’s AWS Marketplace listing and integration | Opal

Opal has partnered with PagerDuty to build a new solution.

Business Wire
Jun 7th, 2022
Opal Launches With $10M Series A Funding Round Led By Greylock To Protect Enterprises From Over-Provisioned Access

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Opal announced today that they have closed a $10 million Series A funding round led by Greylock.

Opal
Jun 7th, 2022
Announcing our $10 million Series A | Opal

Opal continues to empower enterprises to scale their access management processes and boost their security posture.

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Opal is Hiring for 5 Jobs on Simplify!

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Opal is Hiring for 5 Jobs on Simplify!

Find jobs on Simplify and start your career today

πŸ’‘
We update Opal's jobs every few hours, so check again soon! Browse all jobs β†’

People Also Viewed

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