Cloud-Native Authorization Provider Styra Raises $40 Million
Cloud-native authorization provider Styra on Tuesday announced that it closed a $40 million Series B funding round. To date, the company has raised more than $54 million.
The new funding round was led by Battery Ventures, with participation from existing investors Accel, A. Capital, and Unusual Ventures, and new investors at Capital One Ventures and Citi Ventures.
Founded in 2016 and headquartered in San Francisco, Styra is best known for the Open Policy Agent (OPA), a policy engine for automatically enforcing, monitoring, and remediating policies across IT environments, including cloud-native applications.
Styra’s Declarative Authorization Service (DAS), which represents the commercial control plane for OPA, is tailored for helping with cloud migration/digital transformation, and with authorization for apps running in containerized environments, such as Kubernetes.
By the end of 2021, Styra aims to double its current team and invest in employee career growth, cultural diversity, and people operations. It also plans to enhance Styra DAS and expand its developer advocacy team.
“Our vision has always been to create the standard for authorization—the control over what a user or service can do—and our OPA project has become just that. It’s exciting for OPA and Styra to be at the forefront of cloud-native, shift-left, zero trust, and developer-centric architectures,” Bill Mann, CEO of Styra, said.