Data Security Firm Evervault Raises $25 Million in Series B Funding

"Most compliance frameworks assume sensitive data will exist in plaintext somewhere, but with automated, high-velocity data exchange, that's a liability. At Evervault, we believe sensitive data should be treated like hazardous material. Systems must be designed so it isn't touched in the first place."

"We're building the Internet's trust layer, embedding encryption directly into the application architecture so it stays encrypted by default, not by policy alone. The platform integrates encryption with features like authentication, token management, and data enrichment, particularly for handling card payments."

Evervault, a developer-focused data security company founded in 2019, announced a $25 million Series B funding round led by Ribbit Capital with participation from Index Ventures, Sequoia Capital, Kleiner Perkins, and Operator Partners. This brings total funding to $46 million. The platform enables organizations to encrypt and orchestrate sensitive data without accessing it in plaintext. Evervault's infrastructure includes a relay proxy for securing network requests, secure environments for running code on encrypted information, UI elements for payment collection, and isolated containers for processing sensitive workloads. The capital will support product development, engineering team expansion, and encryption system advancement. CEO Shane Curran emphasizes treating sensitive data like hazardous material, embedding encryption directly into application architecture to keep data encrypted by default.

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