Evervault Secures $25 Million in Series B Funding
Evervault, a developer-focused data security company, has announced a $25 million Series B funding round. This investment brings the total funding to $46 million, which will be used to expand the company’s infrastructure and team.
Enhancing Data Security with Encryption and Orchestration
The company’s platform allows organizations to encrypt and orchestrate sensitive data without accessing it in plaintext. This is particularly useful for handling card payments, as it integrates encryption with features like authentication and token management.
For example, Evervault’s relay proxy secures network requests, while its secure environments enable the running of code on encrypted information. Additionally, the platform includes user interface elements for collecting payment details and isolated containers for processing sensitive workloads.
Building the Internet’s Trust Layer
According to Shane Curran, founder and CEO of Evervault, sensitive data should be treated like hazardous material. Systems must be designed so that sensitive data is not touched in the first place. Evervault is building the Internet’s trust layer by embedding encryption directly into the application architecture, ensuring that data stays encrypted by default.
Meanwhile, the latest funding round was led by Ribbit Capital, with participation from Index Ventures, Sequoia Capital, Kleiner Perkins, and Operator Partners. This investment will support product development, engineering and product team growth, and the expansion of Evervault’s encryption system.
Conclusion and Call to Action
In conclusion, Evervault’s $25 million Series B funding round is a significant step forward for the company. As data security continues to be a top priority for organizations, Evervault’s platform is well-positioned to meet the growing demand for encryption and orchestration solutions. Therefore, companies looking to enhance their data security should consider Evervault’s platform as a viable option.
Finally, for more information on Evervault and its data security platform, please visit their website or contact them directly.
Frequently Asked Questions
- What is Evervault’s focus keyword?
The focus keyword is data security.
- How does Evervault’s platform enhance data security?
Evervault’s platform enhances data security by encrypting and orchestrating sensitive data without accessing it in plaintext.
- What is the total funding raised by Evervault?
Evervault has raised a total of $46 million in funding.
- Who led the latest funding round?
The latest funding round was led by Ribbit Capital.
- What will the latest funding be used for?
The latest funding will be used to support product development, engineering and product team growth, and the expansion of Evervault’s encryption system.
