Opaque Systems

What Opaque Systems does

Opaque Systems (operating as OPAQUE) is a confidential AI platform company founded in 2021 by researchers from UC Berkeley's RISELab and headquartered in San Francisco. The company's platform combines hardware-attested Trusted Execution Environments and Confidential Virtual Machines with cryptographic attestation mechanisms to enable enterprises to run AI models and agents on sensitive or regulated data while keeping data encrypted in memory during processing and producing hardware-signed audit artifacts. The product surface includes OPAQUE AI Agent Studio (a LangGraph-based visual environment for designing confidential RAG pipelines and agentic workflows), the OPAQUE Confidential Runtime and SDK (the in-cloud execution layer), and the OPAQUE 3.0 release with the Agent Governance Toolkit, Agent Manifest open standard, and Confidential MCP implementation, with capabilities extending across the AI lifecycle via multi-party computation, fully homomorphic encryption, and post-quantum cryptographic protections acquired from Abu Dhabi's Technology Innovation Institute in May 2026.

OPAQUE sells through a direct enterprise sales motion targeting CISOs, compliance leaders, and AI teams at large organizations in financial services, insurance, healthcare, high-tech, and government, with named customers including ServiceNow, Accenture, Wells Fargo, RiskStream Collaborative, Bloomfilter, Anthropic, Encore Capital Group, and Ant Group. Pricing is quote-based and not publicly disclosed, delivered as an annual enterprise platform subscription deployed inside the customer's own cloud environment, with an additional procurement path via the Microsoft Azure Marketplace that debuted in April 2025. The company has raised $55.5 million across seed, Series A, and a February 2026 Series B led by Walden Catalyst at a $300 million post-money valuation, with backing from Intel Capital, Accenture Ventures, the UAE's Advanced Technology Research Council, and other strategic investors. The company has 11-50 employees and operates as a private Delaware C-corp.

The business model is enterprise SaaS with deep hardware and cloud integrations that span Intel, AMD, and NVIDIA confidential-compute silicon, Microsoft Azure, and major enterprise AI stacks. Revenue mechanics rely on negotiated annual contracts sized to confidential-compute deployment scale, supported by a multi-channel marketing approach that includes the annual Confidential Computing Summit co-hosted with the Linux Foundation, the AI Confidential podcast, analyst recognition from Gartner, IDC, and CB Insights, and SOC 2 Type II certification as a baseline compliance posture for regulated buyers.

Name

Opaque Systems

Legal name

OPAQUE Systems, Inc.

Website

https://opaque.co

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Confidential Computing Platform

NAICS

Software Publishers (5132), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Confidential AI & Privacy-Preserving ML (federated learning, MPC, HE, TEEs) (HDAAAKAI)

akta.pro secondary industries

Secure Model Deployment & Runtime Protection (sandboxing, isolation) (HDAAAKAH), Responsible AI, Security & Privacy Platforms (Safety, Guardrails, PII) (HDAEANAG), Identity, Access & Secrets Management for AI Systems (IAM for agents/models) (HDAAAKAJ), AI Privacy Engineering & Data Governance (PII, consent, retention) (HDAAAKAB)

Keywords

• Confidential AI platform
• Confidential computing software
• Enterprise AI governance
• Cryptographic attestation tools
• Secure multi-party computation

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Confidential AI Platform Subscription: OPAQUE offers a confidential AI platform providing enterprises with verifiable cryptographic proof of data privacy, model integrity, and policy enforcement for AI systems. The platform is deployed in the customer's cloud environment within confidential computing-enabled infrastructure.

Pricing tiers

Distribution channels2 records

Marketing channels8 records

Core offering

OPAQUE sells a Confidential AI Platform that combines confidential computing environments (Trusted Execution Environments, Confidential Virtual Machines, and confidential GPUs from Intel, AMD, and NVIDIA) with cryptographic attestation mechanisms so enterprises can run AI agents, RAG pipelines, and AI training/fine-tuning on sensitive or regulated data while producing hardware-signed proof of privacy, model integrity, and policy enforcement. The platform is deployed in the customer's cloud, exposes attestation and audit artifacts via APIs and OpenTelemetry, and is governed by the OPAQUE 3.0 Agent Governance Toolkit, Agent Manifest, and Confidential MCP.

Product overview

OPAQUE Systems offers a Confidential AI Platform that provides enterprises with verifiable cryptographic proof of data privacy, model integrity, and policy enforcement for AI systems. The platform combines two core components: OPAQUE AI Agent Studio (a governed visual environment for designing and deploying AI workflows built on LangGraph) and OPAQUE Confidential Runtime & SDK (a confidential execution layer that runs in the customer's cloud, keeping data encrypted in memory during processing with hardware-signed attestation). The platform supports OPAQUE 3.0's governance tools including the Agent Governance Toolkit, Agent Manifest, and Confidential MCP. OPAQUE also offers Confidential Agents and Confidential Agents for RAG modules that deploy AI with cryptographic trust and verifiable audit trails. The platform extends across the full AI lifecycle from training and fine-tuning to inference and agent execution, with recent additions of confidential AI model training using multi-party computation and fully homomorphic encryption, and post-quantum cryptographic protections acquired from Abu Dhabi's Technology Innovation Institute.

Differentiator

Problem solved

Functional benefit

Brands

• OPAQUE Studio: A platform built on LangGraph to enable enterprises to develop and deploy confidential AI agents with verifiable privacy guarantees.
• OPAQUE 3.0
• OPAQUE AI Agent Studio
• OPAQUE Confidential Runtime & SDK

Products and services

• OPAQUE Confidential AI Platform The core OPAQUE platform that runs inside the customer's cloud and provides hardware-attested confidential computing for AI agents, RAG, and AI training workflows, producing cryptographic proof of data privacy, model integrity, and policy enforcement for enterprises in financial services, insurance, healthcare, high-tech, and government.
• OPAQUE 3.0 Verifiable AI Governance Platform The OPAQUE 3.0 governance layer introduced in June 2026 that provides verifiable AI agent integrity through the Agent Governance Toolkit (AGT), the Agent Manifest open standard for runtime integrity verification, and Confidential MCP for governed AI model operations with hardware support from Intel, AMD, and NVIDIA.
• Confidential Agents AI agents with built-in cryptographic trust and verifiable audit trails that execute within hardware-secured confidential computing environments, enabling autonomous AI operations on sensitive data with runtime verification and policy enforcement.
• Confidential Agents for RAG Confidential retrieval-augmented generation (RAG) capabilities that allow investigators, auditors, and underwriters to ground generative AI on proprietary encrypted datasets using natural language queries, retrieving policy-approved results with zero data leakage.

Quantifiable outcome

• 4-5x acceleration in AI time-to-production
• +7 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability9 records

Feature10 records

Partnerships

Eleven partnerships are on record, tiered core and strategic.

• Linux FoundationcoreStrategic or Co-development Partner · 25 June 2026OPAQUE co-hosts the Confidential Computing Summit with the Linux Foundation. The 2026 summit in San Francisco brought together enterprise executives, engineers, and policymakers to discuss confidential computing for AI workloads. The event reflects growing enterprise demand with IDC research showing 75% of organizations adopting confidential computing.
• AMDcoreTechnology or Integration · 23 June 2026AMD provides hardware support for OPAQUE 3.0 and the Confidential AI platform. OPAQUE and AMD published a joint white paper 'From Risk to Resilience: Confidential Computing with AMD and OPAQUE' in February 2026.
• NVIDIAcoreTechnology or Integration · 23 June 2026NVIDIA provides hardware support for OPAQUE 3.0, enabling confidential AI on NVIDIA's confidential computing hardware. OPAQUE enables confidential AI on Microsoft Azure with NVIDIA AI and accelerated computing, including support for NVIDIA H100 Tensor Core GPUs.
• IntelcoreTechnology or Integration · 23 June 2026Intel provides hardware support for OPAQUE 3.0. Intel Capital invested $2.3 million for a 14% stake in OPAQUE and previously led the $9.5 million seed funding round in 2021.
• Technology Innovation Institute (TII)coreStrategic or Co-development Partner · 4 May 2026OPAQUE acquired advanced cryptographic AI technologies from Abu Dhabi's Technology Innovation Institute, including multi-party computation (MPC), fully homomorphic encryption (FHE), and post-quantum cryptographic protections. The acquisition extends OPAQUE's platform across the full AI lifecycle from training to agent execution. This marks the first time UAE-developed cryptographic AI technologies have been acquired and deployed at scale by a US-based company.
• AnthropiccoreStrategic or Co-development Partner · 12 February 2026Anthropic is listed among OPAQUE's customer and partner base. OPAQUE supports Anthropic's confidential AI workflow deployments as part of its enterprise AI ecosystem.
• IBMstrategicTechnology or Integration · 2 October 2025OPAQUE and IBM collaborate on secure AI at full speed. IBM and OPAQUE work together to enable confidential AI deployments for enterprise customers.
• BloomfilterstrategicStrategic or Co-development Partner · 30 May 2025Bloomfilter partnered with OPAQUE to deliver provable guarantees of data privacy and sovereignty for its AI-driven process mining platform. The partnership enabled rapid deployment via Azure Marketplace, increased sales conversion by 57%, and boosted AI feature adoption from 46% to over 90%.
• Microsoft AzurecoreTechnology or Integration · 21 April 2025OPAQUE's Confidential AI Platform debuted on Azure Marketplace in April 2025, enabling accelerated agentic workflows for sensitive data. OPAQUE enables confidential AI on Azure confidential VMs with NVIDIA H100 Tensor Core GPUs for verifiable data privacy and security. Microsoft and OPAQUE collaborate on AI governance and confidential AI deployment.
• ServiceNowcoreStrategic or Co-development Partner · 5 November 2024ServiceNow partnered with OPAQUE to enhance AI solutions using confidential computing technologies. The partnership enables ServiceNow's Digital Technology division to streamline processes, increase operational efficiency, and enhance employee experiences while ensuring data security. ServiceNow CEO Bill McDermott featured OPAQUE-enabled AI agents on CNBC.
• RiskStream CollaborativestrategicStrategic or Co-development Partner · 11 October 2024RiskStream Collaborative, the largest insurance-focused consortium, partnered with OPAQUE to enable confidential AI-powered fraud detection across multiple insurance carriers. The partnership allows insurers to aggregate encrypted premium audit and claims datasets to flag suspicious behavior while maintaining strict data privacy.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Duality Technologies: Duality Technologies provides a privacy-preserving data collaboration platform using homomorphic encryption and secure multiparty computation, directly comparable to OPAQUE's confidential AI offering for regulated enterprises.
• Enveil: Enveil delivers secure search, analytics, and AI using Fully Homomorphic Encryption and secure enclaves, competing head-to-head with OPAQUE in the confidential AI and encrypted data analytics space for financial services and government.
• Anjuna Security: Anjuna provides a confidential computing platform that runs workloads inside hardware enclaves across all major clouds and silicon vendors, directly overlapping with OPAQUE Confidential Runtime's TEE-based execution model.
• Fortanix: Fortanix offers Confidential Computing Manager and Runtime Encryption for AI/ML workloads on Intel SGX, AMD SEV, and NVIDIA H100, competing with OPAQUE's confidential runtime and attestation stack in regulated enterprises.
• TripleBlind: TripleBlind provides privacy-preserving AI and analytics using cryptography-based techniques, serving the same regulated-industry buyers as OPAQUE for collaborative model training on sensitive data.
• Inpher: Inpher builds Secret Computing® products (XOR Platform) for privacy-preserving machine learning and analytics using MPC and FHE, directly comparable to OPAQUE's MPC/FHE-based confidential AI workflows.

Broad incumbents

• Microsoft Azure Confidential Computing: Azure Confidential Computing provides confidential VMs (DCasv5, ECasv5) with Intel TDX and AMD SEV-SNP plus NVIDIA H100 CC SKUs; both a partner and a potential competitor to OPAQUE since Microsoft could bundle native confidential AI agent governance.
• Google Cloud Confidential VMs: Google's Confidential VMs (AMD SEV, SEV-SNP, Intel TDX) and the broader Google Cloud Confidential Computing portfolio provide the underlying TEE substrate that OPAQUE runs on, while Google DeepMind's agent security research makes Google a broader incumbent competing for the same confidential AI mandate.
• IBM Hyper Protect Confidential Computing: IBM offers Hyper Protect Virtual Servers and Confidential Computing services on IBM Cloud and LinuxONE, serving regulated industries (banking, insurance, healthcare) with secure enclaves — IBM is both a partner and broad incumbent for confidential AI workloads.

Emerging players

• Everpure (formerly Baffle): Everpure (formerly Baffle) provides record-level encryption and confidential data processing for AI/analytics pipelines, overlapping with OPAQUE's confidential AI runtime for protecting data in use during model training and inference.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/opaquesys
• YouTubeyoutube.com/@opaquesystemsinc
• LinkedInlinkedin.com/company/opaquesystems

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds4 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Opaque Systems