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Opaque Systems

Opaque Systems

Private
San Francisco, CaliforniaAI, Data & Cloud Infrastructurehttps://www.opaque.co/

Last Round

Series B

Feb 12, 2026

Est. Valuation

$300M

Total Funding Raised

$55.5M

Company Overview

Opaque Systems is a software company that provides a confidential AI platform for multi-party analytics and AI on sensitive data.

Sector

AI, Data & Cloud Infrastructure

Verticals

Data Protection, Cloud Security, ML Platforms, NLP & Conversational AI, Data Governance

Business Model

B2B

Customer Profile

Subscription SaaS, Usage-Based SaaS

AI Layer

Infrastructure

Keywords

confidential computingconfidential AItrusted execution environmentTEEprivacy-preserving AIAI securityAI agent securitydata clean roomhardware-backed securityLLM securitydata governancecryptographic attestationAI infrastructureprompt securitysecure enclave

Historical Pricing

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Opaque Systems Comps

Public and private peers based on sector, stage, and business model.

Opaque Systems comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Opaque Systems Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series BFeb 12, 2026
Series AJun 28, 2022
SeedJul 7, 2021

Key People

Founding team and executive leadership

Rishabh Poddar

CTO Co-Founder

Founding Team

Aaron Fulkerson

Chief Executive Officer

Executive Team

Opaque Systems Investors

Notable investors and investment history

Opaque Systems investors
InvestorRounds
Race CapitalSeries A, Series B, Seed
Advanced Technology Research CouncilSeries B
Walden CatalystSeries A, Series B
Intel CapitalSeries A, Series B, Seed
Storm VenturesSeries A, Series B
FactorySeries A, Seed
CRVSeries A

Market signals

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  • Jul 7, 2021

    $9.5M round led by Intel Capital

Opaque Systems Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Opaque Systems Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersSan Francisco, California
Employee Range47
Year Founded2021
Last FundingFeb 12, 2026

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