Bucking the Trend: Opal Security’s Hilarious Rise Amid Falling Cybersecurity Investments
Against the odds of a falling cybersecurity VC investment trend, Opal Security scored a $22 million Series B. In a plot twist worth a Hollywood script, this start-up is doubling its team and betting on AI. With annual recurring revenue skyrocketing since June 2022, Opal Security’s VC investment tale might just be the superhero story the cybersecurity world needed.
Hot Take:
Oh, the irony! The world's going gaga over cybersecurity, and yet the sector's investment trend is taking a nosedive. But wait, there's a plot twist. Amid the industry's apparent downfall, we have a superhero emerging – Opal Security. This start-up has decided to swim against the tide, raising a cool $22 million. Despite the less-than-rosy investment scenario, Opal is doubling its workforce and betting big on AI and visualization tools to solve the age-old problem of understanding user access behavior. And the cherry on top? Their annual recurring revenue has skyrocketed since their series A in June 2022. So, is this the dawn of a new era or just a temporary blip? Only time will tell.Already a member? Log in here