What is Evervault?
Evervault operates at the forefront of data security, building encryption infrastructure designed for contemporary software development. The company's core mission is to empower developers and enterprises to protect sensitive data, such as payment and personal information, by embedding encryption at the source. This approach ensures that critical data never exists in plaintext within customer systems, simplifying compliance and enhancing data workflows. Analysts note Evervault's flexible security tools and developer-centric design as key differentiators in a landscape increasingly concerned with data privacy and breach prevention.
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 SV Angel, Fronline, Steamboat Ventures, and Kleiner Perkins
Series A (2020): $16M led by Sequoia Capital companies, Index Ventures LLP, Frontline Ventures, and Kleiner Perkins Caufield & Byers
Series B (2026): $25M supported by Sequoia Capital, Index Ventures, Ribbit Capital, Kleiner Perkins, and Operator Partners
Key Investors in Evervault
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses, providing essential resources, strategic insights, and a vast network to help companies scale.
Steamboat Ventures
Steamboat Ventures focuses on helping young companies become market leaders, investing in early to growth stage companies within the technology, media, and consumer sectors.
Kleiner Perkins
Kleiner Perkins is a venture capital firm that invests in early and growth-stage technology and lifescience companies, backing founders across various sectors with capital and operational support.
What's next for Evervault?
With the recent infusion of major strategic capital, Evervault is poised to accelerate its growth and further innovate its encryption and data security solutions. The enterprise-level funding context suggests a strategic push towards scaling operations, expanding market reach, and potentially developing new product offerings. This investment will likely enable Evervault to enhance its platform capabilities, strengthen its competitive position against emerging threats, and solidify its role as a leader in securing digital assets for businesses worldwide. The company's trajectory indicates a strong focus on enterprise adoption and strategic partnerships to drive future development.
See full Evervault company page
