Where is Opaque Systems headquartered?

Opaque Systems is headquartered in San Francisco, California, USA. The company has a team of 11-50 people.

What does Opaque Systems do?

Opaque Systems operates in the AI Infrastructure sector. Confidential AI platform providing a hardware-attested trust layer that lets enterprises run AI on sensitive data with verifiable privacy, security, and compliance guarantees. Enables enterprises to deploy AI agents and models on their most sensitive/regulated data without compromising security or compliance, using confidential computing (TEEs) with cryptographic attestation and audit trails.

When was Opaque Systems founded?

Opaque Systems was founded in 2021. It is based in San Francisco, California, USA.

Who is the CEO of Opaque Systems?

Aaron Fulkerson is the CEO of Opaque Systems. The company was founded in 2021.

Where is Opaque Systems located?

Opaque Systems is headquartered in San Francisco, California, USA.

What funding stage is Opaque Systems at?

Opaque Systems is currently at the Growth Stage stage.

How many employees does Opaque Systems have?

Opaque Systems has approximately 11-50 employees.

Opaque Systems

Category: AI Infrastructure

Confidential AI platform providing a hardware-attested trust layer that lets enterprises run AI on sensitive data with verifiable privacy, security, and compliance guarantees. Opaque Systems was founded in 2021. The company is led by Aaron Fulkerson. Based in San Francisco, California, USA. Team size: 11-50. Total funding raised: $55.5M. Latest round: Series B. Key investors include Walden Catalyst, Intel Capital, Race Capital, Storm Ventures, Thomvest, Advanced Technology Research Council (ATRC).

Founded: 2021
Headquarters: San Francisco, California, USA
Team size: 11-50
Total funding: $55.5M

Value proposition

Enables enterprises to deploy AI agents and models on their most sensitive/regulated data without compromising security or compliance, using confidential computing (TEEs) with cryptographic attestation and audit trails.

Products and solutions

OPAQUE Confidential AI Platform (Gateway for secure data connections, confidential AI agent/model execution, hardware-attested audit reporting), Confidential Data Clean Rooms, multi-party confidential analytics.

Unique value

Only platform delivering end-to-end verifiable trust (Attested → Enforced → Audited) for AI workloads via hardware-based confidential computing, spun out of UC Berkeley RiseLab research.

Target customer

Enterprise CISOs, compliance/risk teams, CIOs/CTOs, AI leaders in regulated industries (finance, insurance, high-tech) needing to unlock proprietary data for AI without violating data privacy or sovereignty requirements.

Industries served

Finance, Insurance, High-Tech/Telecom, Retail, Enterprise SaaS

Technology advantage

Deep confidential computing / trusted execution environment (TEE) IP originating from UC Berkeley RiseLab research (MC2/Opaque academic project); hardware-rooted attestation across CPU/GPU; partnerships with major cloud/enterprise players.

How they differentiate

Focuses specifically on multi-party confidential AI/analytics with an enterprise-ready trust layer (attestation + runtime enforcement + immutable audit), versus competitors' narrower confidential computing infrastructure tooling.

Main competitors

Fortanix (Confidential AI), Anjuna Security, Edgeless Systems

Key partnerships

ServiceNow, Accenture, RiskStream Collaborative, Bloomfilter, Intel Capital (strategic investor), Advanced Technology Research Council (ATRC, strategic investor)

Notable customers

ServiceNow, Accenture, RiskStream Collaborative, Bloomfilter

Major milestones

2021: Spun out of UC Berkeley RiseLab, raised $9.5M seed, 2022: Raised $22M Series A, launched multi-party confidential AI and analytics platform, 2023: Appointed Aaron Fulkerson as CEO, Co-organized inaugural Confidential Computing Summit, Feb 2026: Raised $24M Series B at $300M valuation.

Growth metrics

Claims 4-5x faster time-to-production, up to 67% lower deployment costs, up to 3x AI inference quality improvement for enterprise customers; reported employee growth ~41% year-over-year (Growjo).

Market positioning

Enterprise-grade 'trust layer' for AI, positioned above raw confidential computing infrastructure providers, targeting Global 2000 regulated enterprises adopting AI agents.

Geographic focus

Primarily North America enterprise market, with confidential computing competitors also active in EU/global markets.

About Aaron Fulkerson

Previously led ServiceNow's Impact business unit; Founder & CEO of MindTouch (open-source collaboration software), acquired by NICE Systems; joined Opaque Systems as CEO in October 2023.

Latest news about Opaque Systems

Opaque Systems raised 24 million dollars at a 300 million dollar valuation to scale its confidential AI platform. The tech uses hardware backed enclaves to process sensitive data with verifiable priva

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Official website: https://www.opaque.co