BERKELEY, Calif., June 28, 2022 /PRNewswire/ -- 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.
- Opaque will use the new capital to serve the accelerating market demand for collaborative analytics and AI in confidential computing.
- With the emergence of confidential computing, organizations can now secure sensitive data in Trusted Execution Environments (TEEs) in the cloud.
- The Opaque Collaborative Analytics and AI Platform is the first analytics platform purpose-built for confidential computing.
- As creators of the MC 2 open source project , the Opaque team pioneered confidential computing for collaborative analytics and AI.