What is Evervault?
Evervault is recognized as a technology company specializing in building encryption and data security infrastructure tailored for modern software platforms. Its core mission is to empower developers and businesses to safeguard sensitive information, including payment and personal data, by embedding encryption at the source. This approach ensures that critical data never exists in plaintext on customer systems, simplifying compliance and securing data workflows across various digital environments. Analysts frequently highlight Evervault's flexible security tools and its developer-centric methodology as key differentiators in the competitive landscape.
How much funding has Evervault raised?
Evervault has raised a total of $44.2M across 3 funding rounds:
Angel/Seed
$3.2M
Series A
$16M
Series B
$25M
Angel/Seed (2019): $3.2M with participation from Fronline, Kleiner Perkins, SV Angel, and Steamboat Ventures
Series A (2020): $16M led by Sequoia Capital companies, Kleiner Perkins Caufield & Byers, Index Ventures LLP, and Frontline Ventures
Series B (2026): $25M supported by Sequoia Capital, Kleiner Perkins, Index Ventures, Ribbit Capital, and Operator Partners
Key Investors in Evervault
Kleiner Perkins
Kleiner Perkins is a venture capital firm focused on early and growth-stage technology and life science companies. They provide capital and operational support from seed through IPO or acquisition, backing founders across various sectors including enterprise and hard tech.
SV Angel
SV Angel is an investment firm dedicated to supporting founders in building impactful businesses. They offer resources, strategic insights, and a network to help companies scale, emphasizing a commitment to founders' success.
Sequoia Capital
Sequoia Capital is a global venture capital firm known for its long-term partnerships with entrepreneurs. They invest across various stages and have a track record of backing market-leading technology companies.
What's next for Evervault?
With the recent major strategic investment and a cumulative funding total of $44.2M, Evervault is well-positioned for accelerated growth and innovation. This substantial backing suggests a transition into a scaling phase, enabling the company to expand its market reach, enhance its product offerings, and further solidify its position as a leader in data security. The company's focus on embedding encryption at the source aligns with increasing regulatory pressures and consumer demand for robust data privacy, indicating a strong trajectory for future development and market penetration.
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