Onapsis Inc.

Onapsis Inc. specializes in cybersecurity solutions tailored for SAP applications, ensuring comprehensive protection and compliance for organizations navigating complex landscapes. Founded in 2009 in Boston, US, Onapsis Inc. focuses on securing SAP environments.

The founders, Mariano Nunez and Victor Montero, established the company with a vision to enhance application security in enterprise software. The company has successfully raised USD 55. 00 mn in its Series D funding round, which closed on October 6, 2020, co-led by Caisse de depot et placement du Quebec and NightDragon Security, with participation from . 406 Ventures, Arsenal Growth, and LLR Partners.

Onapsis has completed a total of 5 deals, reaching a current company valuation of USD 323. 35 mn. Onapsis offers a comprehensive cybersecurity platform specifically designed to secure SAP applications and landscapes. The company's core product suite focuses on application layer security, compliance capabilities, and threat intelligence, which are critical for organizations managing complex SAP environments.

Their solutions integrate seamlessly with existing security and compliance programs, enabling organizations to protect their critical business applications from cyber threats. Onapsis serves a diverse client base that includes nearly 30% of the Forbes 100 companies globally, particularly in the financial services sector, where securing highly customized SAP applications is paramount. The company’s products are marketed to regions including North America, Europe, and Asia-Pacific, addressing the security needs of enterprise-level organizations across various industries. Onapsis generates revenue primarily through subscription-based models for its cybersecurity solutions.

Clients engage with Onapsis through annual or multi-year contracts, which provide access to its suite of products and ongoing support services. The company’s revenue structure is based on B2B transactions, where businesses pay for the integration of Onapsis's solutions into their SAP environments. Pricing plans are typically tiered based on the scale of deployment and the specific requirements of the client’s SAP landscape. Notable offerings include advanced application security tools and compliance solutions, which clients leverage to enhance their operational resilience and ensure data protection against emerging cyber threats.

Onapsis plans to expand its product offerings with new cybersecurity solutions designed for the evolving threats faced by SAP users. The company aims to enter new markets in Asia-Pacific and Europe by 2023. The recent funding of USD 55. 00 mn will be utilized to support these initiatives, enhancing product development and expanding the sales team to drive growth in these regions.