Opalrevenue & funding
Identity and Access Management (IAM) SoftwareSan Francisco, CaliforniaFounded 2019CEO Naseem Al-Naji
Opal is an Identity and Access Management (IAM) Software company based in San Francisco, founded in 2019.
Opal revenue
Opal has not published its revenue. GetLatka estimates it at about $10.3M a year (October 2024).
All 4 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Oct 2021 | $1.2M | – |
| Jun 2022 | $4.1M | – |
| Nov 2023 | $6.3MEST | GetLatka estimate |
| Oct 2024 | $10.3MEST | GetLatka estimate |
– source not recorded
Opal funding rounds & investors
Opal has raised $11.8M across two rounds since 2021. The latest was a $10M Series A in June 2022.
| Date | Round | Raised |
|---|---|---|
| Jun 2022 | Series A | $10M |
| Oct 2021 | Seed | $1.8M |
| Total raised | $11.8M |
Opal competitors
Opal competes most directly with Okta, FusionAuth and Flagsmith.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 Okta | $2.9B | $454.3M | 5,908 | 19K | 2009 |
| Opal | $10.3M | $11.8M | 66 | – | 2019 |
 FusionAuth | $10.1M | $65M | 27 | 450 | 2018 |
 Flagsmith | $1.5M | – | 12 | – | 2018 |
Opal CEO, founders & employees
Naseem Al-Naji founded Opal in 2019 and runs it as CEO. Opal had 66 employees (December 2024, LinkedIn), up from 52 a year earlier.
- Naseem Al-NajiFounder & CEO
All 8 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 66 | |
| Oct 2024 | 52 | |
| Nov 2023 | 52 | – |
| Nov 2022 | 34 | – |
| Jun 2022 | 34 | – |
| Nov 2021 | 12 | – |
| Oct 2021 | 12 | – |
| Nov 2020 | 7 | – |
Opal FAQ
What is Opal's revenue?
GetLatka estimates Opal's revenue at about $10.3M a year (October 2024). The company hasn't published its own figure.
How much funding has Opal raised?
Opal has raised $11.8M across two funding rounds. The latest was a $10M Series A in June 2022.
How many employees does Opal have?
Opal had 66 employees in December 2024, according to LinkedIn.
Who is the CEO of Opal?
Naseem Al-Naji is the CEO of Opal and founded the company in 2019.
Who founded Opal?
Naseem Al-Naji founded Opal in 2019.
Browse Identity and Access Management (IAM) Software
How this page is sourced
2 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun Opal? Join the podcast