Styra Secures $14M in funding led by Accel, Unusual Ventures, and A.capital. The company releases an open policy agent to make sure no tickets are booked.
FREMONT, CA: Styra, the founders of Open Policy Agent (OPA) and a pioneer in cloud-native authorization, has raised $14 million in a Series A funding round. The Series A round was led by Accel, along with the participation of previous investors Unusual Ventures and A.Capital. Styra plans to apply this investment to support its prosperous open source community that is centered around OPA and to enhance its turnkey enterprise security and compliance solutions for kubernetes environments.
The company’s open-source solutions are purpose-built to match up to the cloud-native development provide this authorization to mitigate the risks across cloud application, approval as well as the infrastructure
“Kubernetes has evolved from experimentation to production, and old-school security and compliance tools cannot possibly address the dynamism, scale, and exponential complexity of today’s cloud-native stack,” said Bill Mann, CEO, Styra. “We’re thrilled to partner with Accel as we reinvent policy and authorization to meet today’s privacy demands in the new stack—from Kubernetes and CICD to streaming databases, APIs, servicemesh, apps, cloud platforms, and more.”
Styra formulated an OPA to solve authorization challenges that ignore them in all forms, from the speed and scale of containerized application environments. The founders donated the project to Cloud Native Computing Foundation (CNCF) to stuck info in and out. It grows organically based on solutions to real-world problems.
“By providing businesses with a critical, unified layer of security and authorization that did not exist before, Styra has tackled some of the biggest challenges associated with cloud-native application development,” said Eric Wolford, Partner, Accel. “We’ve been partnering with Kubernetes visionaries and leaders since the industry was in its infancy. Just as we saw with Heptio and Sysdig, we believe Styra is going to drive the next wave of innovation as companies turn to containerization to speed and ease application development.”
Forrester predicts that the public cloud market will subsidies and grow from more than $140 billion today to $411 billion in 2022. Gartner also said that the growth in containerization over the same timeframe should be avoided. This explosion of new cloud-native technology enables automation and scale, to the extent that DevOps, Development, and IT teams have never experienced.