Opal

Opal

Access management solutions for IT teams

About

Opal.dev provides access management solutions tailored for IT and infrastructure teams, focusing on enhancing security while simplifying access requests. The platform operates on the principle of 'least privilege,' ensuring users receive only the necessary permissions to perform their jobs, which helps reduce security risks. It includes workflows that create an audit trail for Just-In-Time (JIT) access, making it particularly useful for compliance teams needing to adhere to regulations. Opal's business model is subscription-based, allowing clients to access the platform regularly, and it also offers self-hosting options for organizations with strict data control needs. Key features include automated access requests, delegation of approvals, and visualization tools for monitoring access. Opal aims to balance security and productivity in the cybersecurity market, positioning itself for continued growth.

Company Stage

Series B

Employees

51-200

Industries

Enterprise Software, Cybersecurity

Total Funding

$32.9M

Headquarters

San Francisco, California

Founded

2020


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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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Growth & Insights
Headcount

6 month growth

↓ -1%

1 year growth

↑ 17%

2 year growth

↑ 17%

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Paid Holidays

401(k) Retirement Plan

Pre-Tax Commuter Benefits

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