About Opal
Opal is a company based in San Francisco (United States) founded in 2020. It operates as a SaaS (Software-as-a-Service), and API-as-a-Product. Opal has raised $33.8 million across 3 funding rounds from investors including Battery Ventures, Greylock Partners and BoxGroup. Opal offers products and services including Opal Platform, Access Review Module, and Risk Layer. Opal operates in a competitive market with competitors including Okta, Ping Identity, ForgeRock, Stytch and JumpCloud, among others.
- Headquarter San Francisco, United States
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Sectors
Technology
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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 Perma Security Inc. Dba Opal Security
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$33.8 M (USD)
in 3 rounds
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Latest Funding Round
$22 M (USD), Series B
Dec 07, 2023
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Investors
Battery Ventures
& 6 more
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Employee Count
Employee Count
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Products & Services of Opal
Opal offers a comprehensive portfolio of products and services, including Opal Platform, Access Review Module, and Risk Layer. 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.
Access management is provided for secure identity control.
Compliance evidence is offered for audit access decisions.
Risk scoring is integrated for access security enhancement.
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Funding Insights of Opal
Opal has successfully raised a total of $33.8M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $22 million completed in December 2023. 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 — $22.0M
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First Round
First Round
(08 Oct 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series B - Opal | Valuation | Battery Ventures | |
| Jun, 2022 | Amount | Series A - Opal | Valuation |
investors |
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| Oct, 2021 | Amount | Seed - Opal | Valuation | Greylock |
| 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
Opal has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Battery Ventures, Greylock Partners and BoxGroup. 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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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Investing in early-stage tech companies and ideas.
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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
| 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
| 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 Comparisons
Competitors of Opal
Opal 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 Okta, Ping Identity, ForgeRock, Stytch and JumpCloud, 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 |
Cloud-based identity management and authentication are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based identity management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based identity verification solutions are provided for customers.
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| domain | founded_year | HQ Location |
User authentication solutions are provided for modern applications.
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| domain | founded_year | HQ Location |
Cloud-based directory management for user and IT authentication is provided.
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| domain | founded_year | HQ Location |
Platform that features in customer identity and access management solutions
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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
Frequently Asked Questions about Opal
When was Opal founded?
Opal was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Opal located?
Opal is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Opal a funded company?
Opal is a funded company, having raised a total of $33.8M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.8M, raised on Oct 08, 2021.
What does Opal do?
Opal is established as a provider of identity security and access management solutions. Services are focused on runtime access decisions with a security-first and AI-proofed approach. The platform is built for scale, speed, and intelligence, integrating with DevOps workflows through Terraform, SOAR, and CLI support. Risk scoring and recommendations are adapted to evolving environments for direct remediation. Solutions are offered to manage access for corporate applications, cloud services, and non-human identities across various sectors including technology and compliance.
Who are the top competitors of Opal?
Opal's top competitors include Ping Identity, Okta and ForgeRock.
What products or services does Opal offer?
Opal offers Opal Platform, Access Review Module, and Risk Layer.
Who are Opal's investors?
Opal has 7 investors. Key investors include Battery Ventures, Greylock Partners, BoxGroup, SVCI, and Tim Junio.