Enveil Secures $25 Million In Series B Funding

Apr 27, 2022•about 3 years ago

Amount Raised

$25 Million

Round Type

series b

Description

Enveil, the pioneering Privacy Enhancing Technology company protecting Data in Use, today announced that it has closed $25 million in Series B funding. The oversubscribed round was led by USAA with contributions from existing investors which include Mastercard, Capital One Ventures, C5 Capital, DataTribe, In-Q-Tel, Cyber Mentor Fund, Bloomberg Beta, GC&H, and 1843 Capital. Building on an over 300% increase in revenue achieved since closing its Series A funding, Enveil will leverage the capital to expand sales, product development, and marketing activity to capitalize on the accelerating market need to span global data silos and enable secure and private data usage, sharing, collaboration, and monetization. This brings the total amount raised by the category-defining startup to more than $40 million since its formation in 2016.

Company Information

Company

Enveil

About

Enveil is a pioneering Privacy Enhancing Technology company protecting Data in Use. Enveil’s business-enabling and privacy-preserving capabilities change the paradigm of how and where organizations can leverage data to unlock value. Defining the transformative category of Privacy Enhancing Technologies (PETs), Enveil’s award-winning ZeroReveal® solutions for secure data usage, collaboration, and monetization protect data while it's being used or processed. Customers can extract insights, cross-match, search, and analyze data assets at scale without ever revealing the content of the search itself, compromising the security or ownership of the underlying data, or exposing their interests and intent. A World Economic Forum Technology Pioneer founded by U.S. Intelligence Community alumni, Enveil is deployed and operational today, revolutionizing data usage in the global marketplace. Learn more at www.enveil.com.

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