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Opal Security Raises $22M In Series B Funding To Expand Next-Generation Identity Security Platform

PRIVATEDec 07, 2023

Amount Raised

$22 Million

Round Type

Series B

New YorkSecurityCyber Security

Investors

BoxGroupGreylockBattery Ventures

Description

Opal Security, the next-generation identity security and access management company, today announced its $22 million Series B funding, led by Battery Ventures, with participation from existing investors Greylock and Box Group. The round brings Opal Security’s total funding to date to $32 million.

Quick answer

Opal Security raised $22 Million in a Series B round, dated December 7, 2023. Investors: BoxGroup, Greylock and Battery Ventures. Opal Security is based in New York, New York, United States.

How much did Opal Security raise?
Opal Security raised $22 Million in a Series B round on December 7, 2023.
Who invested in Opal Security?
BoxGroup, Greylock and Battery Ventures are named as investors in this round.
What does Opal Security do?
Opal Security, the unified identity platform for modern enterprises, aggregates identity and access data to provide customers with the visibility and defense-in-depth infrastructure they need for their mission-critical..
Where is Opal Security based and how big is it?
Opal Security is based in New York, New York, United States. Fundz records about 62 employees.
Who are the decision-makers at Opal Security?
Fundz holds 3 contacts at Opal Security, including the Director of Sales Development. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Cyber Security around the same time

Companies in the same sectors as Opal Security that raised within 45 days of this round, from Fundz verified event records.

  • Phosphorus raised $27M on December 20, 2023.
  • BIO-key International raised $548K (Seed) on December 20, 2023.
  • Zero Networks raised $20M (Series B) on December 13, 2023.
  • Phosphorus raised $27M on December 11, 2023.
  • Lasso Security raised $6M (Seed) on November 20, 2023.
  • Vulcan Cyber raised $55M (Series B) on November 15, 2023.

Who to call at Opal Security, and when

A new round usually means Opal Security is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Opal Security raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Opal Security, from your own LinkedIn network

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Company Information

Company

Opal Security

Location

New York, New York, United States

About

Opal Security, the unified identity platform for modern enterprises, aggregates identity and access data to provide customers with the visibility and defense-in-depth infrastructure they need for their mission-critical systems. Enterprises can discover anomalous identity risks and remediate them in minutes. Customers including Databricks, Figma and Scale AI trust Opal Security to govern and adapt sensitive access. Based in New York City and San Francisco, Opal Security is backed by Greylock, Battery Ventures, Box Group, SVCI and other prominent industry leaders. For more information, please visit opal.dev and follow us on Twitter @opal_sec and LinkedIn.

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Fundz sees it the moment Opal Security raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
Verified contactsJacob, Director of Sales Development hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Opal Security raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.