Overview

Opaque Systems offers a secure platform for organizations to protect and analyze sensitive data through its Data Clean Rooms, which use Confidential Computing technology. This allows multiple teams to share and analyze encrypted data while ensuring that each party only accesses their specific insights. Opaque's platform encrypts data at all stages, making it suitable for organizations that must comply with strict data privacy regulations. The company's goal is to enable secure collaboration and analytics on sensitive data without compromising privacy.

Simplify's Take

What believers are saying

• Increased demand for secure data collaboration tools boosts Opaque's market potential.
• Partnerships with major cloud providers expand Opaque's integration capabilities.
• Growing interest in privacy-preserving AI models aligns with Opaque's offerings.

What critics are saying

• Competition from tech giants like Microsoft and Google threatens Opaque's market share.
• Rapid AI advancements may outpace Opaque's current offerings, requiring continuous innovation.
• Potential regulatory changes could impose additional compliance costs for Opaque.

What makes Opaque Systems unique

• Opaque leverages secure hardware enclaves and cryptographic fortification for data protection.
• The company offers Data Clean Rooms for secure multi-party data collaboration.
• Opaque's platform ensures data remains encrypted during analytics and AI computations.

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Funding

Total Funding

$31.5M

Above

Industry Average

Funded Over

2 Rounds

$22,000,000

Series A

Jun 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$22M

$30M

View all funding stages