What is Onapsis?
Headquartered in Boston, Onapsis provides comprehensive cybersecurity solutions designed to protect the most vital enterprise applications. By focusing on SAP and Oracle environments, the company addresses the unique vulnerabilities inherent in large-scale business processes. Unlike generic security offerings, the Onapsis Security Platform delivers context-aware, adaptive controls that integrate preventative, detective, and responsive measures. This technical edge is bolstered by the Onapsis Research Labs, which provide continuous intelligence on emerging threats, enabling the company to serve over 200 customers, including a significant portion of the Global 2000, while maintaining deep partnerships with leading audit and consulting firms.
How much funding has Onapsis raised?
Onapsis has raised a total of $117.6M across 6 funding rounds:
Other Financing Round
$3M
Series A
$9.6M
Series B
$17M
Series C
$31M
Debt
$2M
Series D
$55M
Other Financing Round (2012): $3M with participation from David Bonderman
Series A (2014): $9.6M led by .406 Ventures
Series B (2015): $17M supported by 406 Ventures, LLC, Arsenal Venture Partners, and Evolution Capital Partners
Series C (2018): $31M featuring LLR
Debt (2020): $2M backed by PPP
Series D (2020): $55M with participation from NightDragon, Caisse de dépôt et placement du Québec, LLR Partners Inc., Arsenal Venture Partners, and Veracode Inc
Key Investors in Onapsis
.406 Ventures
.406 Ventures is a venture capital firm that partners with early-stage companies demonstrating home run potential, particularly in the fields of healthcare, data and AI, and cybersecurity.
Arsenal Venture Partners
Arsenal Growth Equity specializes in providing growth capital for B2B software and tech-enabled services businesses, focusing on companies at a critical juncture between scaling and operational discipline.
LLR Partners
LLR Partners is a lower middle market private equity firm investing in technology and healthcare businesses, collaborating with portfolio companies to identify and execute on key growth initiatives.
What's next for Onapsis?
With the successful completion of its latest financing, Onapsis is well-positioned to accelerate its product roadmap and deepen its penetration into the enterprise security market. The company is expected to focus on enhancing its automated security assessment capabilities and expanding its threat intelligence reach to address the evolving landscape of cyber risks. As organizations continue to migrate critical workloads to the cloud and modernize their ERP systems, the demand for the specialized, compliance-focused security that Onapsis provides is projected to grow, allowing the firm to further solidify its leadership in the business-critical application security sector.
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