What is Opaque Systems?
Opaque Systems builds a confidential AI platform for running analytics, RAG, and agent workflows over sensitive data while preserving privacy.
- Category
- Confidential AI and confidential computing
- Headquarters
- Berkeley, CA
- Founded
- 2021
- Employees
- 51-200 reported
- Total funding
- $31.6M raised
- Valuation
- Private, Series A
What is Opaque Systems?
Opaque Systems is a confidential ai and confidential computing company. Opaque Systems builds a confidential AI platform for running analytics, RAG, and agent workflows over sensitive data while preserving privacy.
Opaque Systems builds a confidential AI platform for running analytics, RAG, and agent workflows over sensitive data while preserving privacy. The company highlights confidential AI use cases in insurance, software development, and regulated-enterprise data collaboration. The durable market signal is that Opaque Systems sits close to a budget owner: security, AI platform, healthcare operations, engineering, developer productivity, or defense procurement depending on the account.
As of June 2026, the company profile is best read through product adoption, funding stage, leadership, and ecosystem partnerships rather than through public revenue, because most companies in this batch do not disclose ARR. Buyers generally evaluate Opaque Systems on deployment risk, integration depth, compliance posture, and measurable operational impact.
Sources:OpaqueOpaque about
What does Opaque Systems offer?
Opaque Systems offers products and workflows across Confidential AI, Confidential RAG, Data clean rooms and adjacent platform capabilities.
- Confidential AI· AI security
- Confidential RAG· AI workflow
- Data clean rooms· Privacy
- Trusted execution environments· Infrastructure
- Policy enforcement· Governance
- Encrypted analytics· Data
Sources:OpaqueOpaque about
How does Opaque Systems make money?
Revenue is driven by enterprise subscriptions and deployments for confidential AI, secure data collaboration, policy enforcement, and regulated data workflows.
Revenue is driven by enterprise subscriptions and deployments for confidential AI, secure data collaboration, policy enforcement, and regulated data workflows. Opaque is sold as enterprise software with platform licensing, cloud deployment, confidential computing architecture, and support rather than public per-seat prices.
The commercial motion is enterprise-oriented: buyers pay when the platform becomes part of a production workflow, compliance program, developer process, or operational control plane. Growth is driven by more covered users or assets, deeper integrations, expansion from pilots into production, and higher support or governance requirements.
Sources:OpaqueOpaque about
Who leads Opaque Systems?
Opaque Systems is led by Aaron Fulkerson and Dr. Rishabh Poddar with operating leaders across product, engineering, revenue, and security or domain expertise.
- Aaron FulkersonCEOExecutive teamLeads go-to-market and company operations.
- Dr. Rishabh PoddarCo-founder and CTOFounderBerkeley researcher and confidential computing technical leader.
- Chester LeungCo-founder and Head of AI PlatformFounderLeads AI platform product development.
- Jason MuellerVice President of SalesExecutive teamLeads enterprise revenue execution.
How do you contact Opaque Systems's leadership?
Opaque Systems does not publish verified personal executive emails in the sources used for this profile, so leadership outreach should use the official route shown here unless a published direct contact exists.
official demo/contact form; personal format not verifiedSources:OpaqueOpaque about
How much funding has Opaque Systems raised?
Opaque Systems's current public funding signal is $31.6M raised; latest valuation/status is Not publicly disclosed.
2021: Seed and early funding - $9.6M. Early funding supported commercialization of Berkeley RISELab confidential-computing research. Jun 2022: Series A - $22M. Walden Catalyst Ventures led the Series A, bringing total financing to $31.6M.
Because Opaque Systems is private or recently acquired, public financing data should be read as a directional capital-history snapshot, not a real-time cap table. The most reliable signal is the latest announced round or transaction, combined with hiring, product expansion, and customer-market focus.
How did Opaque Systems get here?
Opaque Systems's milestones show a shift from founding and early product validation into category expansion and larger enterprise or strategic relevance.
- 2021Company formedOpaque commercializes research from Berkeley RISELab.
- Jun 2022Series AOpaque raises $22M for confidential AI and analytics.
- 2023Confidential AI launchOpaque extends confidential computing into LLM and generative AI use cases.
- 2024Enterprise AI privacy focusThe company positions confidential AI for regulated organizations.
- 2025AGNTCY participationOpaque joins ecosystem work around secure AI collaboration.
- 2026Confidential agent workflowsOpaque markets confidential agentic RAG and governance workflows.
Sources:OpaqueOpaque about
Who are Opaque Systems's competitors?
Opaque Systems competes with focused startups and larger platform incumbents that already own adjacent enterprise workflows.
- Duality TechnologiesPrivacy-preserving data collaboration and secure analytics.
- DecentriqData clean rooms and confidential collaboration platform.
- EnveilPrivacy-enhancing technology for secure search and analytics.
- FortanixConfidential computing and data-security platform.
- AnjunaConfidential computing software for cloud workloads.
- Edgeless SystemsConfidential computing and secure enclave tooling.
Sources:OpaqueOpaque about
Opaque Systems — frequently asked questions
