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§ Private Profile · New York City, NY, USA
Unified software suite for billing and contract management for agencies.
Opal Security provides a modern identity security and access management platform. It offers a centralized authorization system, enabling secure, self-service access to applications and infrastructure through catalog workflows. This technical approach simplifies the complex task of managing user permissions and access rights across diverse enterprise environments.
Co-founded in 2020 by Umaimah Khan in San Francisco, Opal Security emerged from the recognized need to solve persistent challenges in identity access management. Khan, initially serving as CEO, identified the complexities and security gaps prevalent in traditional access control systems. Her insight was to build a more streamlined and secure method for managing digital identities and access within organizations.
Opal Security's platform is utilized by organizations seeking to enhance their security posture and streamline access governance for employees and systems. The company's overarching mission is to secure every identity and access path, ensuring all digital interactions are both protected and efficiently managed. Opal aims to lead the evolution of identity security, making robust access management an intuitive part of enterprise operations.
Opal has raised $123.5M across 9 funding rounds.
Opal has raised $123.5M in total across 9 funding rounds.
Opal has raised $123.5M across 9 funding rounds. Most recently, it raised $6.0M Seed in March 2026.
Opal has raised $123.5M in total across 9 funding rounds.
Opal's investors include Lan Xuezhao, Adam O'Brien, Ian Crosby, Exit North Ventures, Charles Zedlewski, Founders Fund, Andreessen Horowitz, Buckley Ventures, CVentures, Electric Capital, EQT Ventures, Flexcap.
OPAL-RT TECHNOLOGIES is a leading developer of open real-time digital simulators and hardware-in-the-loop (HIL) testing equipment for electrical, electro-mechanical, and power electronic systems.[1][2] Founded in 1997 and based in Canada, the company serves engineers and researchers at manufacturers, utilities, universities, and research centers worldwide, with core products like RT-LAB software enabling rapid model development for real-time simulation using commercial-off-the-shelf technologies optimized for parallel computing.[1][2][3] It targets high-demand industries including energy (smart grids, renewables), power electronics, automotive (EVs, ADAS), aerospace, and autonomy, helping reduce costs and delays in complex system design, prototyping, and testing.[2][3][4]
The company powers innovation across sectors like distributed energy systems, wind farms, hybrid vehicles, and avionics, with scalable solutions from single-processor setups to 64-processor HIL simulators integrated with tools like Simulink.[3][4] Trusted by over 1,000 users in 40+ countries and clients like NASA, Tesla, and Hydro-Québec, OPAL-RT emphasizes efficiency, accessibility, and real-world impact in accelerating product development.[2][4]
OPAL-RT TECHNOLOGIES was founded in 1997 in Canada as a pioneering startup in real-time simulation technology.[1][2][3] It emerged from the need for cost-effective, scalable rapid prototyping and HIL systems, quickly becoming a global leader through innovations in parallel distributed computing and integration with commercial tools.[1][2] Key milestones include developing RT-LAB for real-time model execution and specialized solvers for power electronics and grids, alongside FPGA-based I/O for precise sub-microsecond simulations.[1][3]
Over 25+ years, the company evolved from a niche provider to an industry standard, partnering with sectors like automotive, aerospace, and energy while expanding to support mechatronics, propulsion, and distributed energy systems.[2][3][4] Its growth reflects a commitment to proactive solutions for demanding challenges, fostering collaborations that drive customer success and sustainable development.[2]
OPAL-RT rides the wave of electrification, decarbonization, and autonomy in energy, automotive, and aerospace, where real-time simulation is essential for testing complex, interconnected systems like smart grids, EV batteries, and UAVs without physical risks or high costs.[2][3][4] Timing aligns with global pushes for renewable integration, grid modernization, and ADAS/electric propulsion, as market forces like regulatory demands for stability and efficiency favor scalable HIL over traditional prototyping.[4]
By providing virtual proving grounds for perception algorithms, control strategies, and distributed energy, OPAL-RT accelerates innovation, reduces development timelines, and influences the ecosystem through partnerships with top firms and research institutions, enabling safer, faster deployment of next-gen technologies.[2][3][4]
OPAL-RT is poised to expand in AI-driven autonomy, advanced grid resilience, and e-mobility, leveraging its real-time platforms for emerging needs like sensor fusion in self-driving tech and wide-scale renewable orchestration.[2][4] Trends in decentralized energy, electric aviation, and hybrid systems will amplify demand for its FPGA-accelerated, open solutions, potentially growing its 1,000+ user base amid rising simulation adoption.[4]
As industries prioritize speed and sustainability, OPAL-RT's evolution from 1997 innovator to trusted leader positions it to shape reliable energy transmission and smarter products worldwide, sustaining its edge in real-time tech.[2]