Raises $22 Million in Series A Funding To Bring Scalable, Multi-Party Analytics and AI to Confidential Computing

Founded by the pioneers of the MC2 open source project from UC Berkeley RiseLab, Opaque creates the first collaborative analytics and AI platform for confidential computing .BERKELEY, CA June 28, 2022 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 companys total financing to $31.6 million. Opaque will use the new capital to serve the accelerating market demand for collaborative analytics and AI in confidential computing.Today, more than $300 billion of the worlds most valuable data remains untapped due to the lack of a secure processing environment. In the healthcare industry, multi-party collaboration on sensitive patient data is advancing drug discovery and disease detection.Our new investors, Walden Catalyst, Storm Ventures and Thomvest Ventures, and existing investors see the enormous market opportunity in performing collaborative analytics and AI on confidential data, said Raluca Ada Popa, president and co-founder of Opaque Systems. The team, comprised of the worlds most esteemed security researchers and practitioners, including UC Berkeley professors Raluca Ada Popa and Ion Stoica (Co-Founder of Databricks), as well as former UC Berkeley graduates and industry visionaries Rishabh Poddar, Wenting Zheng and Chester Leung, is poised to accelerate innovation in this market.The Opaque platform is changing how organizations access, analyze and execute machine learning on confidential data. The Opaque platform leverages a novel combination of two key technologies layered on top of state-of-the-art cloud securitysecure hardware enclaves and cryptographic fortification.