What is Onapsis?
Onapsis specializes in delivering comprehensive cybersecurity solutions tailored for business-critical enterprise applications, with a particular focus on SAP and Oracle systems. As a leader in SAP and Oracle cybersecurity, Onapsis empowers security and audit teams with the visibility, confidence, and control needed to address advanced threats, cyber risks, and compliance gaps inherent in these complex application landscapes. The company's offerings, including the SAP-certified Onapsis Security Platform, provide preventative, detective, and responsive controls, continuously monitoring for risks that impact critical business processes and data. These solutions are informed by the Onapsis Research Labs, which continuously supply intelligence on emerging threats affecting SAP and Oracle systems, having been instrumental in uncovering and helping to fix numerous security vulnerabilities.
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 Evolution Capital Partners, 406 Ventures, LLC, and Arsenal Venture Partners
Series C (2018): $31M featuring LLR
Debt (2020): $2M backed by PPP
Series D (2020): $55M with participation from Veracode Inc, NightDragon, LLR Partners Inc., Caisse de dépôt et placement du Québec, and Arsenal Venture Partners
Key Investors in Onapsis
NightDragon
NightDragon is a venture capital firm that focuses on investing in companies within the cybersecurity and national security sectors. They aim to support businesses that are developing innovative technologies to address critical security challenges.
Arsenal Venture Partners
Arsenal Growth Equity specializes in providing growth capital for B2B software and tech-enabled services businesses. They focus on making minority and control investments in companies that are at a critical juncture between scaling and maintaining operational discipline.
406 Ventures, LLC
.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. With nearly 20 years of experience, they focus on building strong relationships with founders to help transform their businesses into industry leaders.
What's next for Onapsis?
The recent major strategic investment in Onapsis signals a robust growth phase, likely aimed at expanding its market reach and further developing its innovative cybersecurity platform. With a strong foundation in securing enterprise applications like SAP and Oracle, the company is well-positioned to capitalize on the increasing demand for specialized security solutions. Future endeavors may include enhancing its threat intelligence capabilities, broadening its service offerings to cover a wider array of business-critical applications, and strengthening partnerships with leading consulting and audit firms to solidify its de-facto standard status in the market. This strategic financing is expected to fuel continued innovation and bolster Onapsis's leadership in the enterprise application cybersecurity domain.
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