Opal, a San Francisco, CA and New York-based access management platform, raised $1.8 million in Seed funding.
The round was led by Greylock, with participation from angel investors such as Expanse CEO Tim Junio, Abnormal Security CEO Evan Reiser, and Signal Sciences CEO Andrew Peterson.
The company intends to use the funds to expand operations and its business reach.
Company: Opal, Inc
Raised: $1.8M
Round: Seed Round
Funding Month: October 2021
Lead Investors: Greylock
Additional Investors: Tim Junio, Evan Reiser, and Andrew Peterson
Company Website: https://opal.dev/
Software Category: Access management platform
About the Company: Led by Stephen Cobbe and Eugene Ling, Opal provides an access management platform that gives comprehensive insights and remediation policies to dynamically enforce the least privileged, through integrations the system allows companies to design intelligent access policies across developer infrastructure, popular SaaS applications, and custom internal tools. Using Opal, companies can set up granular role-based access policies and delegate access requests to resource owners, so the right people get the right level of access at the right time. It also supports short-lived access, which dynamically updates according to support ticket statuses or on-call rotations.
Source: https://www.finsmes.com/2021/10/opal-raises-1-8m-in-seed-funding.html