What is Enveil?
Enveil is at the forefront of the Privacy Enhancing Technology (PET) market, specializing in solutions that protect data while it is in use. Their proprietary ZeroReveal® technology allows organizations to extract insights, perform cross-matches, and conduct large-scale data analysis without compromising the confidentiality or security of the underlying data. Founded by alumni of the U.S. Intelligence Community, Enveil addresses the critical need for secure data collaboration and monetization in an increasingly data-driven global economy. The company's focus on enabling secure data usage positions it as a key player in industries requiring stringent data privacy and compliance.
How much funding has Enveil raised?
Enveil has raised a total of $35M across 2 funding rounds:
Series A
$10M
Series B
$25M
Series A (2020): $10M with participation from Mastercard, Capital One Ventures, 1843 Capital, C5 Capital, and Bloomberg
Series B (2022): $25M led by DataTribe, GC&H, Bloomberg Beta, In-Q-Tel, Cyber Mentor Fund, USAA, Mastercard, Capital One Ventures, and C5 Capital
Key Investors in Enveil
Mastercard
Mastercard is a global technology company in the payments industry, providing a wide range of payment solutions and services. Their involvement suggests a strategic interest in secure data utilization and its application within financial ecosystems.
Capital One Ventures
Capital One Ventures is the venture capital arm of Capital One Financial Corporation, focusing on investments that align with the company's strategic interests in financial technology and innovation. Their backing indicates confidence in Enveil's disruptive potential within the financial services sector.
DataTribe
DataTribe is a startup foundry specializing in cybersecurity, analytics, and big data. Their investment in Enveil highlights the company's strong position within the data security and advanced analytics landscape.
What's next for Enveil?
The substantial enterprise-level funding and recent strategic investment signal Enveil's strong market validation and its capacity for accelerated growth and innovation. This capital infusion is expected to fuel further development of its ZeroReveal® platform, expand its market reach, and enhance its capabilities in secure data collaboration and monetization. As a pioneer in the PETs category, Enveil is poised to capitalize on the growing demand for data privacy solutions, potentially leading to further strategic partnerships and market leadership in safeguarding sensitive information.
See full Enveil company page
