Our New Investment in Opaque Systems
Opaque Systems Raises $22 Million in Series A Funding To Bring Scalable, Multi-Party Analytics and AI to Confidential Computing
BERKELEY, California, 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 company's total financing to $31.6 million. The round was led by Walden Catalyst Ventures, 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.
"Confidential computing has been needed for many years, but it has always faced significant performance and deployment hurdles. Opaque is now making confidential computing completely frictionless," said Young Sohn, founding managing partner at Walden Catalyst Ventures. "The opportunity to work with such a promising company is truly an honor. It's an understatement to say that we don't come across teams that are this strong and this accomplished every day. This is truly the right team at the right time in a market that is poised for explosive growth."
Read the full press release here.