OPAL Security has raised $23 million in a new funding round, bringing its total investment to $59 million, primarily to enhance its AI-native identity governance platform. The funding round was led by Greylock and Battery Ventures, with contributions from Cambium Capital. Established in 2020, Opal serves organizations by providing real-time visibility and policy control over identities, including employees and AI agents.
CEO Howard Ting emphasized the need for governance across various identity types as enterprises increasingly adopt AI. The company also made five significant leadership appointments to bolster its team, which has seen over 60% growth this year.