About Opal Camera
Opal Camera is a company based in San Francisco (United States) founded in 2020 by Stefan Sohlstrom and Veeraj Chugh.. Opal Camera has raised $77 million across 3 funding rounds from investors including Slack, OpenAI and Founders Fund. Opal Camera offers products and services including Opal C1, Tadpole, and Composer. Opal Camera operates in a competitive market with competitors including GoPro, Rylo, ScopeAround, PolarPro and CamRanger, among others.
- Headquarter San Francisco, United States
- Founders Stefan Sohlstrom, Veeraj Chugh
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Sectors
Retail
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Email
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Phone
*********
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Website
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Social
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- Legal Name Opal Camera, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$77 M (USD)
in 3 rounds
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Latest Funding Round
$60 M (USD), Series B
Aug 07, 2024
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Investors
Slack
& 6 more
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Employee Count
Employee Count
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Products & Services of Opal Camera
Opal Camera offers a comprehensive portfolio of products and services, including Opal C1, Tadpole, and Composer. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
First professional webcam designed for laptops with advanced features.
Tiny webcam with a clip for easy laptop attachment and use.
Accessory enhancing camera functionality for various applications.
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Funding Insights of Opal Camera
Opal Camera has successfully raised a total of $77M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $60.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series B - Opal Camera | Valuation | OpenAI | |
| Oct, 2023 | Amount | Series A - Opal Camera | Valuation | Founders Fund | |
| Jun, 2020 | Amount | Seed - Opal Camera | Valuation | Kindred Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Opal Camera
Opal Camera has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Slack, OpenAI and Founders Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Seed-stage investments in multiple sectors are made by Kindred Ventures.
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Founded Year | Domain | Location | |
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Technology investment services are offered by 87 Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Opal Camera
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Opal Camera
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Opal Camera Comparisons
Competitors of Opal Camera
Opal Camera operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GoPro, Rylo, ScopeAround, PolarPro and CamRanger, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wearable cameras and accessories for action photography are provided.
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| domain | founded_year | HQ Location |
360 degree camera brand
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| domain | founded_year | HQ Location |
Provides wireless otoscopes, ear cameras, and cleaning kits for online health device sales.
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| domain | founded_year | HQ Location |
Cameras are offered by this internet-first brand through online channels.
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| domain | founded_year | HQ Location |
Offers wireless camera control devices for professional photography needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Opal Camera
Frequently Asked Questions about Opal Camera
When was Opal Camera founded?
Opal Camera was founded in 2020.
Where is Opal Camera located?
Opal Camera is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Opal Camera?
Veeraj Chugh is the current CEO of Opal Camera. They have also founded this company.
Is Opal Camera a funded company?
Opal Camera is a funded company, having raised a total of $77M across 3 funding rounds to date.
What does Opal Camera do?
Opal Camera was founded in 2020 in San Francisco, United States, as an internet-first brand in the consumer electronics sector. Webcams constructed from aluminum are provided, incorporating high-resolution recording, low-light imaging capabilities, gesture control, and noise cancellation. Operations focus on direct-to-consumer sales through the companys domain, opalcamera.com, with leadership from co-founders Stefan Sohlstrom and Veeraj Chugh as CEO.
Who are the top competitors of Opal Camera?
What products or services does Opal Camera offer?
Opal Camera offers Opal C1, Tadpole, and Composer.
Who are Opal Camera's investors?
Opal Camera has 7 investors. Key investors include Slack, OpenAI, Founders Fund, Kindred Ventures, and 87 Capital.
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