Opal Security Recognized By Notable Capital For Redefining Identity Security And Access Management
Opal Security, the next-generation identity security and access management company, was named to Rising in Cyber 2024, an independent list launched by Notable Capital to recognize the most promising cybersecurity companies in the eyes of Chief Information Security Officers (CISOs), venture capital investors, and other security leaders.
Notable Capital partnered with 100+ CISOs, VPs of Security from companies such as Amazon, Atlassian, Coupang, and Netflix, and prominent venture capital firms to nominate and vote on approximately 200 companies in order to select the 30 honorees. Honorees were chosen based on their proven ability to solve critical problems for security teams. Having raised more than $6 billion collectively, the companies recognized by Rising in Cyber demonstrate the enthusiasm of the cybersecurity industry for innovation in this sector. In celebration, honorees will be recognized at the New York Stock Exchange today.
“Implementing and maintaining least privilege is critical to reducing the risk of breaches, but it’s exceptionally hard to do in practice in the enterprise, especially as business and technological complexity grows. At Opal Security, we solve this by combining a data architecture built for scale, governance, and secure authorization workflows with real-time learned calibration,” said Umaimah Khan, founder and CEO of Opal Security. “Inclusion on this list and adoption by companies like Databricks and Scale AI prove that industry leaders are adopting solutions that are future-proofed.”
Inclusion in Rising in Cyber is the latest in a series of announcements from Opal Security signaling rapid growth. In the last year, the company announced a $22 million Series B round, 4x growth in annual recurring revenue, and the expansion of its executive team to include seasoned leaders from Splunk, Snyk, and Aqua Security.
“We see more innovation among cybersecurity startups than ever before, especially as AI creates both opportunities and new risks. Areas such as identity and access management, cloud security, and application security will see increased adoption by CISOs as security teams adapt to the rising role of AI,” said Oren Yunger, Managing Partner, Notable Capital. “Congratulations to the honorees of Rising in Cyber 2024!”
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