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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…
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