Opaque Systems Raises $22 Million In Series A Funding To Bring Scalable, Multi-Party Analytics And Ai To Confidential Computing
Opaque Systems Raises $22 Million In Series A Funding To Bring Scalable, Multi-Party Analytics And Ai To Confidential Computing
06/28/22, 9:00 AM
Location
Money raised
$22 million
Round Type
series a
Opaque Systems, the pioneers of collaborative analytics and AI for confidential computing, today announced it has raised $22 million in Series A funding, bringing the company's total financing to $31.6 million. The round was led by Walden Catalyst Partners, with participation from new investors, Storm Ventures and Thomvest Ventures, as well as all existing investors, Intel Capital, Race Capital, The House Fund, and FactoryHQ. Gartner predicts that by 2025, over 50% of organizations will adopt privacy-enhancing computation to process sensitive data and conduct multi-party analytics. Opaque will use the new capital to serve the accelerating market demand for collaborative analytics and AI in confidential computing.
Company Info
Location
san francisco, california, united states
Additional Info
Born out of UC Berkeley, Opaque Systems offers a service for secure data analytics and machine learning in the cloud. Opaque commercializes the open source MC2 Platform, which leverages a novel combination of two key technologies layered on top of state-of-the-art cloud security—secure hardware enclaves and cryptographic fortification. This combination ensures that the overall computation is secure, fast, and scalable. MC2 has already seen adoption by several institutions, such as Ant Group, IBM, Scotiabank, and Ericsson.