Enveil, of Fulton, has secured $10 million in Series A funding. The round was led by C5 Capital with contributions from key partners including Mastercard, Capital One Ventures, Bloomberg Beta and 1843 Capital. Enveil will leverage the funding to globally advance the business-enabling capabilities of its ZeroReveal product line for performing secure search, analytics, sharing, and collaboration of sensitive data assets.
This round builds on the more than $5 million of strategic funding the company has raised from investors such as DataTribe, also of Fulton; In-Q-Tel, Cyber Mentor Fund and Refinitiv since its formation in September 2016.
Powered by homomorphic encryption, Enveil protects data while it’s being used or processed ― the ‘holy grail’ of data encryption. Organizations can securely search, cross-match and derive insights from third-party data sources without ever revealing the contents of the search or compromising the security or ownership of the underlying data.
As the only NIAP Common Criteria and CSfC-certified Data in Use security company, Enveil delivers nation-state level protection to the global marketplace, allowing users to securely operate on data in the cloud, on prem, or anywhere in between.
“Over the past three years, we’ve successfully created a market, solidified customer use cases, executed enterprise deployments and expanded our capabilities for protecting Data in Use where it is and as it is today,” said Ellison Anne Williams, founder and CEO of Enveil.