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

PRIVATEDec 07, 2023•over 2 years ago

Amount Raised

$22 Million

Round Type

series b

New YorkSecurityCyber Security

Investors

Box GroupGreylockBattery 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.

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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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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 FundzWatch™ for automated website change detection, FundzIQ™ for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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