Opal Raises $10 Million in Series A

by Kay Aloha Villamor in June 8th, 2022

  

Opal, a San Francisco and New York-based platform that enables enterprises to manage employee access scalably with a focus on reducing the amount of access granted, closed a $10 million Series A funding round led by Greylock. 

The company intends to use the funds to expand operations and its business reach.

Company: Opal Labs Inc.

Raised: $10.0M

Round: Series A

Funding Month: June 2022

Lead Investors:  Greylock

Additional Investors:

Company Website: https://opal.dev/

Software Category: Next-Generation Access Management Platform

About the Company: Led by Stephen Cobbe, CEO, Opal provides a security platform that enables organizations to implement the least privilege at scale. Through a combination of insights and workflows, it decentralizes access management away from overburdened teams. Its focus on integrations allows employees to request granular access including databases, Salesforce roles, GitHub repos, Okta groups, and more. Opal also offers workflows for conducting company-wide access reviews to make it easier to meet compliance standards and keep access footprint down.

Source: https://www.finsmes.com/2022/06/opal-raises-10m-in-series-a-funding.html



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