In a new funding round headed by Battery Ventures, Opal Security, a San Francisco startup competing in the crowded identity and access management market, raised USD 22 million.
The company said that the Series B included increased equity positions for current backers Greylock and Box Group. The company develops technology to assist businesses in automating the management and identities as well as access to data.
Since its 2020 launch, Opal—the brainchild of data scientist Umaimah Khan—has raised USD 32 million toward its ambitious goals of upending the bloated identity and access management market.
Read More: Opal Security Scores $22M Investment for IAM Technology
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