Access management solution Opal snaps up $10m

Opal, which claims to democratise access management, has scored $10m in its Series A round, which was led by Greylock Partners.

With the fresh equity, Opal plans to hire staff for its engineering and sales teams.

Other investors to the Series A include Box Group and Base Case VC. Several angel investors also joined the round, including Signal Science CEO Andrew Peterson, Abnormal Security CEO Evan Reiser, Replicated CEO Grant Miller, Segment CRO Joe Morrissey, Airplane CEO Joshua Ma, 1Password CTO Pedro Canahuati, Coinbase CSO Philip Martin and LDAP co-creator Tim Howes.

Opal is creating a platform for the holistic approach to access management, with a broad range of integration coverage. Its platform, which was founded in 2022, offers access insights, just-in-time access, user onboarding and offboarding, user access reviews and break glass access.

The company is trying to move access management beyond the IT-driven, group-based approach towards a more org-driven, dynamic and context-based approach. In Opal, user attributes, usage data, org structure, support tickets and on-call schedules all figure into access control decision.

Greylock Partners recently joined the $210m funding round of email security company Abnormal Security. The CyberTech company, which is now valued at $4bn, offers cloud-native email security that utilises AI-based behavioural data science to prevent socially engineered and never-seen-before email attacks that evade traditional secure email gateways.

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.