About OPAQ
OPAQ is a Technology company based in Herndon (United States) founded in 2013, and was acquired by Fortinet in July 2020. Cloud-based network security solutions are offered by OPAQ. OPAQ has raised $81.36 million across 6 funding rounds from investors including Fortinet, Greenspring Associates and Columbia Capital. OPAQ has completed 3 acquisitions, including Bat Blue Networks, Drawbridge Networks and FourV Systems. The company was acqui-hired. Its focus areas include Enterprise Infrastructure, Cybersecurity, Network Security and Network UTM. Its competitors include Juniper Networks and RedSeal; 1 of its 2 listed competitors has raised funding.
Company details
OPAQ was founded in 2013 and is headquartered in Herndon, United States. Cloud-based network security is provided by the company, encompassing firewall as-a-service, web application firewall, cloud SIEM, ransomware and threat mitigation, MPLS alternatives, backhaul offload, and endpoint protection. Services are extended to sectors including retail, healthcare, finance, government, education, and manufacturing, with operations focused on secure networking infrastructure.
- Total Equity Funding$81.36M (USD)
in 6 rounds
- Latest Funding Round$22.5M (USD), Series B
Apr 2018
- InvestorsFortinet
& 3 more
- Investments & AcquisitionsBat Blue Networks
& 2 more
- Acquired byFortinet
(Jul 2020)
Funding Insights of OPAQ
OPAQ has successfully raised a total of $81.36M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $22.5 million completed in April 2018. 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 $81.36M
- Total Rounds 6
- Last Round Series B — $22.5M
- First Round $1.57M
(Apr 2015)
- Investors Count 3
All 6 funding rounds of OPAQ with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | $22.5M | Series B | – | Greenspring Associates | |
| Mar 2018 | $22.5M | Series B | – | – | |
| Jan 2017 | $21M | Series A | – | – | |
| Aug 2016 | $13.52M | Series A | – | – | – |
| Aug 2016 | $270,000 | Seed | – | – | – |
| Apr 2015 | $1.57M | Seed | – | – | – |
4 investors in total: 4 institutional.
Investors in OPAQ
OPAQ has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Fortinet, Greenspring Associates and Columbia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management firm | 2000 | greenspringassociates.com | Owings Mills, United States | |
US tech companies are funded across stages by Columbia Capital. | colcap.com | Alexandria, United States | ||
Venture capital is provided to expansion-stage software and tech firms. | harmonyvp.com | New York, United States | ||
Cloud security posture management solutions are provided by the platform. | 2000 | fortinet.com | Sunnyvale, United States |
Investor details for OPAQ
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People of OPAQ
11 people are tracked at OPAQ (6 in leadership, 4 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Alexander McMillen | VP, Operations | Leadership |
Tom Cross | Chief Technology Officer (CTO) | Leadership |
Rick Rose | Chief Financial Officer (CFO) | Leadership |
Casey Corcoran | Chief Information Security Officer (CISO) | Leadership |
Stephen McCarney | VP, Marketing | Leadership |
Scott Shreve | VP, Product Management | Leadership |
Jason Booma | Board Member | Board & advisors |
James Tholen | Board Member | Board & advisors |
Hunter Somerville | Board Member | Board & advisors |
Joshua S. Levine | Board Member | Board & advisors |
Lynn D. Tinney | SVP, Channels | Team |
Complete people profiles for OPAQ
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Investments & Acquisitions by OPAQ
OPAQ has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Bat Blue Networks, Drawbridge Networks and FourV Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Platform that provides data analytics and machine learning tools | fourv.com | Baltimore, United States | 2015 | Mar 2018 | •••• | |
Agent-based micro-segmentation is delivered for data center security. | drawbridge.io | New York, United States | 2014 | May 2017 | •••• | |
Cloud-based network security solutions are delivered for enterprise assets. | batblue.com | New York, United States | 2007 | Jan 2017 | •••• |
Complete acquisition details for OPAQ
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Timeline of OPAQ
7 dated milestones of OPAQ across 7 years, from founding to its latest funding, stage changes and deals.
- Founded OPAQ is founded.
- Funding First funding round of $1.6M.
- Acquisition Acquires Bat Blue Networks.
- Acquisition Acquires Drawbridge Networks.
- Acquisition Acquires FourV Systems.
- Funding Latest funding round, Series B, of $22.5M.
- Exit Acquired by Fortinet.
Competitors of OPAQ
OPAQ has 2 listed competitors in our database, 1 of them funded. They include Juniper Networks and RedSeal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| juniper.net | 1996 | Sunnyvale, United States | 4,323 | Cloud-based enterprise networking and firewall solutions are delivered. | ||
| redseal.net | 2004 | Sunnyvale, United States | $79.85M | 122 | Provider of cyber-security analytics platform |
Detailed competitors of OPAQ
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Top companies in Cybersecurity & Data Protection
3 companies that operate in the same segment as OPAQ (Cybersecurity & Data Protection) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 7,330 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Cloud-based identity management solutions are provided for enterprises. | 2002 | Denver, Colorado, United States | USD 136.89 M | USD 36.94 M | 821 |
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Related news about Opaq
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Frequently Asked Questions about OPAQ
OPAQ was founded in 2013 and raised its 1st funding round 2 years after it was founded.
OPAQ is headquartered in Herndon, United States. It is registered at Herndon, Virginia, United States.
OPAQ is a funded company, having raised a total of $81.36M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.57M, raised on Apr 2015.
OPAQ was founded in 2013 and is headquartered in Herndon, United States. Cloud-based network security is provided by the company, encompassing firewall as-a-service, web application firewall, cloud SIEM, ransomware and threat mitigation, MPLS alternatives, backhaul offload, and endpoint protection. Services are extended to sectors including retail, healthcare, finance, government, education, and manufacturing, with operations focused on secure networking infrastructure.
OPAQ's top competitors include RedSeal and Juniper Networks.
OPAQ has made 3 acquisitions, including Bat Blue Networks, Drawbridge Networks, and FourV Systems.
OPAQ has 4 investors. Key investors include Fortinet, Greenspring Associates, Columbia Capital, and Harmony Partners.
Yes. OPAQ was acquired by Fortinet in July 2020.