Onapsis Raises $55M Growth Round, Led by CDPQ and NightDragon, Fueling Expansion to Protect Mission-Critical SaaS Applications

Funding Rounds

Summary

“As a long-term investor, we’re pleased with the quality of the company’s partnerships with leading business software providers and its recognition as an organization at the forefront of cyber threat detection and remediation,” said Alexandre Synnett, Executive Vice President and Chief Technology Officer at CDPQ. Highlights include (see Onapsis momentum infographic): • Over 145% growth in net new annual recurring revenue (ARR); recognized three consecutive years by the Deloitte Technology Fast 500 publication as one of North America’s fastest-growing technology companies • Outstanding customer satisfaction with 98% retention rate and one of the industry’s highest NPS scores • Recently announced strategic partnership with SAP, by which The Onapsis Platform is the SAP-endorsed application for cybersecurity and compliance • World-class cyber threat research lab – over 800 zero-day vulnerabilities discovered; multiple critical global CERT alerts based on Onapsis’ novel research • Established partnerships with leading system integrators and consulting firms including Accenture, Deloitte, IBM, PwC, Verizon, Optiv and others • Global operations in the United States, Argentina and Germany with more than 380 employees, recognized as a Top 3 Great Place to Work • New support for mission-critical SaaS applications to protect the intelligent enterprise “Legacy security solutions don’t meet the requirements of today’s business applications – especially in the SaaS world,” said Dave DeWalt, who founded NightDragon and was named Vice Chairman of the Onapsis board of directors earlier this year. The Onapsis Platform uniquely delivers actionable insight, secure change, automated governance and continuous monitoring for critical systems—ERP, CRM, PLM, HCM, SCM and BI applications—from leading vendors such as SAP, Oracle, Salesforce and others. The reach of our threat research and platform is broadened through leading consulting and audit firms such as Accenture, Deloitte, IBM, PwC and Verizon—making Onapsis solutions the standard in helping organizations protect their cloud, hybrid and on-premises mission-critical information and processes. NightDragon is unique in providing deep operational expertise in cybersecurity gained by its founders Dave DeWalt and Ken Gonzalez from years serving as senior executives leading technology companies such as Documentum, EMC, Siebel Systems (Oracle), McAfee, Mandiant, Avast, and FireEye.

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Amount $55.0M Total raised
Date October 6, 2020 Announcement date
Investors NightDragon Security, La Caisse de dépôt et placement du Québec, Onapsis Lead investors
Company http://www.onapsis.com Funded company

Classifications

industries
No industries detected
applications
ERP & Process Management

AskAI Classifications

Labels
Cybersecurity Software SAP Security Software ERP Security Software

Linked Companies

Onapsis
$50M to $100M