Opal

Opal

Access management solutions for IT teams

About

Opal.dev offers access management solutions for IT and infrastructure teams, focusing on security and simplifying access requests. The platform operates on the principle of 'least privilege,' granting users only the necessary permissions, which reduces security risks. It features automated access requests and audit trails for Just-In-Time (JIT) access, appealing to compliance teams. Opal's subscription model and self-hosting options provide flexibility, setting it apart from competitors while aiming to enhance security and productivity in the cybersecurity market.

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

-4%

1 year growth

100%

2 year growth

94%

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