Styra, a cloud-native authorization provider, announced the completion of a $40 million Series B funding round on Tuesday. The company has raised more than $54 million to date.
Battery Ventures led the latest funding round, which included existing investors Accel, A. Capital, and Unusual Ventures, as well as new investors Capital One Ventures and Citi Ventures.
Styra is best known for the Open Policy Agent (OPA), a policy engine for automatically implementing, tracking, and remediating policies across IT environments, including cloud-native applications. It was founded in 2016 and is headquartered in San Francisco.
The commercial control plane for OPA, Styra’s Declarative Authorization Service (DAS), is designed to assist with cloud migration/digital transformation, as well as authorization for apps operating in containerized environments like Kubernetes.
Styra plans to increase its existing workforce by the end of 2021 and invest in employee job development, cultural diversity, and people operations. Styra DAS will be improved, and the developer advocacy team will be expanded.
“Our goal has always been to establish a standard for authorization—the ability to regulate what a user or service can do—and our OPA project has accomplished that goal. Bill Mann, CEO of Styra, said, “It’s exciting for OPA and Styra to be at the forefront of cloud-native, shift-left, zero confidence, and developer-centric architectures.”
