Opaque Systems, a San Francisco, CA-based provider of a secure data analytics platform, raised $9.5 Million in seed funding.
The round was led by Intel Capital, with participation from Race Capital, The House Fund, and FactoryHQ.
The funds were used, to expand operations, its business reach, and its contribution to the open-source and data security community.
Company: Opaque Systems
Funding Month: July 2021
Lead Investors: Intel Capital
Additional Investors: Race Capital, The House Fund, and FactoryHQ
Company Website: https://opaque.co/
Software Category: Secure data analytics platform
About the Company: Led by Raluca Ada Popa and Ion Stoica, Opaque provides solutions that allow enterprises to analyze confidential data in the cloud using popular tools like Apache Spark, the open-source analytics engine. The solution leverages a novel combination of two key technologies layered on top of cloud security—secure hardware enclaves and cryptographic fortification. This combination ensures that the overall computation is secure, fast, and scalable. Opaque Systems makes confidential data useful by enabling secure analytics and machine learning on encrypted data that comes from one or more sources.