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.

Commercializing the open source MC2 technology invented at UC Berkeley by its founders, Opaque System provides the first collaborative analytics and AI platform for confidential computing. Opaque uniquely enables data to be securely shared and analyzed by multiple parties while maintaining complete confidentiality and protecting data end-to-end. The Opaque platform 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. The technology has already been adopted by several organizations, such as Ant Group, IBM, Scotiabank, and Ericsson.