• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

3v.org

Venture Capital Matters

  • Pitch a Startup
    • Make a Contribution
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
  • Contact

Opal Launches With $10M Series A Funding Round Led by Greylock to Protect Enterprises From Over-Provisioned Access

June 7, 2022 By admin Leave a Comment

NEW YORK & SAN FRANCISCO, June 07, 2022 – Opal announced today that they have closed a $10 million Series A funding round led by Greylock. Opal’s platform enables enterprises to manage employee access scalably with a focus on reducing the amount of access granted. By decentralizing access management away from bottlenecked teams like Security and IT, Opal empowers organizations to grant access more selectively, which lessens their attack surface and compliance burden.

Traditionally, corporate security has focused heavily on perimeter defense. In this model, companies attempt to stop attackers on outer layers of protection like firewalls. More recently, companies have begun adopting a defense-in-depth posture where perimeter breaches are assumed to happen, but internal layers of protection are also implemented to mitigate the damage.

One core strategy is limiting the amount of access granted to employees. The less access granted, the less damage a compromised account can do.

However, limiting access without hurting productivity is hard. Employees use many complex systems in their day-to-day work, each with their own way of defining access control. For many organizations, it’s easier to err on the side of giving more access than necessary, avoiding the manual overhead of granting employees only the access they need according to the principle of least privilege.

This is where Opal fills the gap, implementing a culture change where it can help organizations give out less access without compromising on productivity.

By limiting access that’s given permanently and making it easy to request for additional access rapidly, Opal helps organizations adopt true least privilege. Companies using Opal can process requests faster with a decentralized model that shifts ownership away from only one or two teams. Opal’s focus on integrations allows employees to request granular access including databases, Salesforce roles, GitHub repos, Okta groups, and more. Opal also offers workflows for conducting company-wide access reviews to make it easier to meet compliance standards and keep access footprint down.

“Every security and engineering leader we speak to wants to move towards least privilege, but is unable to with current offerings,” said Saam Motamedi, General Partner at Greylock. “Opal’s approach is a new way of thinking about access management at scale. Its innovative approach balances usability with least privilege—empowering both end users and admins. We believe Opal will be an emerging leader in an important and large category.”

Currently, Opal is the access management tool of leading technology companies across a range of industries including Databricks, Blend, and Marqeta.

Mike Hamilton, VP of IT at Databricks, said, “Opal is building the framework for identity management and authorization— providing an incredible user experience for our employees while ensuring we have the infrastructure for auditability and evidence.”

Started in 2020, Opal was founded based on the leadership team’s firsthand experience with access management challenges at companies like Dropbox and Collective Health.

“Our internal tooling at Dropbox was powerful, but there was a lot of friction in the user experience,” said Stephen Cobbe, CEO. “It was difficult to answer simple questions like, What does this group grant me access to?, or When was the last time I used that access?. If the aim is to build a culture of least privilege, it has to be effortless to browse, request, and receive new access.”

“We found that, after speaking to different enterprises, that true authorization is often delayed or oversimplified,” said Umaimah Khan, Head of Product. “There’s nuance involved in designing a system like this—bringing in data about who a person is, for example, or accounting for re-orgs and changing roles. It also requires a lot of engineering effort both to build and maintain internally. The focus can’t just be on function—designing something that people actually will use is one of the hardest parts of implementing best security practices.”

www.opal.dev

About Opal:
The Opal security platform, backed by Greylock, enables organizations to implement least privilege at scale. Through a combination of insights and workflows, Opal decentralizes access management away from overburdened teams. Without using agents or proxies, Opal can be deployed on-premise and cloud in minutes. Opal is based in San Francisco and New York. For more information, please visit www.opal.dev or reach them at [email protected]

Filed Under: PR

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

DeFiRetailing.com (DeFi Retailing): DeFi will change retail as we know it
Differential Privacy Tools
The future of global healthcare in 2022
Organizational key performance indicators
Top U.S. defense contractors are competing for contracts on hypersonic weapons
Opinion: Crypto is Here to Stay
Semiconductor revenue grew 25.1% in 2021, exceeding $500 billion for the first time

Market Research Media

LuxurySucks.com (Luxury Sucks) vs BornIntoLuxury.com (Born Into Luxury): How do luxury brands adapt in the rapidly changing world?
Voice-Games.com: The Future of Smart Speakers
1.7 billion people could be affected by the global food crisis
The latest consumer survey findings about streaming services
BRIC Investment Funds Have Taken a Beating This Year
Inflation Bites: The U.S. government can buy fewer infrastructure today
AI will contribute $15.7 trillion to the global economy by 2030

Secondary Sidebar

Technologies

Cloudflare R2 Storage directly challenges Amazon S3
Jupe wants to fix homelessness with affordable and sustainable off-grid housing
Ceres and Shell announce electrolyser agreement for green hydrogen
5 Radical Technologies That Could Change the World
A world where energy is sustainable and abundant

Tech Events

Bid Ops to Host Optimal ’22 Conference, March 23 – 24, 2022 in New York City
CMX Summit 2021, August 31–September 2, 2021
Web Summit. Europe’s biggest tech conference, November 1-4, 2021, Lisbon
cdCon 2021, June 23 – 24, 2021
AEA2020: 30 Tech startups from 13 countries and regions in Asia register to seek collaboration opportunities with Japanese companies, October 27-29, 2020

Footer

Recent Posts

  • How to achieving gender balance in management teams
  • When you feel like you’re spiraling
  • After Successful Tax Season, Embedded Tax Platform April Raises $30M Series A from Fintech Veterans
  • Vita Mojo Raises US$30 Million to Help Restaurant and Hospitality Chains in Europe Tackle the Digital Future
  • Nautical Commerce Raises $30M to Scale Multi-Vendor Marketplace Technology
  • Token Announces $13 Million Series B Funding Round and Appointment of New CEO to Disrupt the Authentication Market
  • Konnecto Raises $21M to establish a new category in marketing technology
  • Sharebite, the Leading Food Benefits Platform, Announces Closing of $39 Million Series B Round
  • Illumina Invests in £30M Venture Fund to Advance Breakthroughs in Human Health
  • Biotech companies have received significant VC funding in the past three years

Dossier

euNetworks Acquires The Loop Manchester
Accenture to Acquire umlaut
Idera, Inc. Acquires apilayer
Epson and Vava Settle Projector Brightness Case – Vava Corrects Quoted Lumens from 6,000 to 1,800
Microvast Joins Russell 3000® Index

Press Media Release

Jio Platforms Ltd and SES Announce Joint Venture to Deliver High-Performance Satellite-Based Broadband Services Across India
ESG Book Closes $35 million Series B to Build the World’s Leading ESG Data Platform
U.S. CDC Advisory Committee on Immunization Practices Recommends Vaccination with Moderna’s COVID-19 Vaccine for Persons 18 Years and Older
Adorama Business Solutions Launches Federal Government Purchasing Portal
AT&T and The Texas A&M University System’s RELLIS Campus to Launch 5G Technology to Promote 5G Innovation, Exploration, Education and Training

App Coding

Datadog Named a Leader in the 2022 Gartner® Magic Quadrant™ for Application Performance Monitoring and Observability
Registered yet for Cloudflare Connect London 2022?
Browser innovation has stalled
Lumigo expands its serverless observability platform to support any modern cloud application
Distraction-free coding

API Coding

Are you looking for an API for OCR (Optical Character Recognition)?
Types of API Testing
Most commonly used HTTP Headers
Difference between REST and GraphQL
Fintech AI Leader Photon Commerce Partners With Identifee to Enable Banks to Instantly Digitize and Analyze Statements

Copyright © 2022 3v.org

Technologies, Market Analysis & Market Research

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT