Evervault Secures $25M to Revolutionize Sensitive Data Protection
March 7, 2026, 9:37 am
Evervault secured $25 million in Series B funding. This investment boosts total capital to $46 million. The developer-first platform encrypts sensitive data. It orchestrates critical data flows. This prevents plaintext handling. Such robust protection is vital for modern enterprises. The new capital will significantly expand Evervault's encryption infrastructure. It will accelerate essential product development. It will also strategically grow engineering and product teams. Evervault aims to forge the internet's critical trust layer. This is a crucial mission in an increasingly data-dense world.
Global data volumes now explode relentlessly. The world's digital footprint will surpass 527 zettabytes by 2029. Total data volumes effectively double every three years. Enterprises struggle immensely with this exponential growth. They often lose track of sensitive information. Its precise location, its varied usage, and authorized access remain opaque. The proliferation of generative AI and advanced automated workflows further intensifies this challenge. Data security and rigorous compliance become increasingly complex burdens. Traditional regulatory frameworks often assume sensitive data exists in plaintext somewhere. This inherent assumption creates massive, undeniable liabilities for organizations. A fundamentally new approach to data handling is now not just preferred, but essential.
Evervault delivers this necessary paradigm shift. It builds specialized infrastructure. This architecture empowers developers. They embed robust encryption directly into core application architecture. Sensitive data encrypts immediately at its point of entry. It then remains fully encrypted throughout its entire processing lifecycle. Sensitive information never appears in plaintext within any system. This provides unparalleled data protection. It ensures continuous security by design, not merely by policy. The platform minimizes attack surfaces. It drastically reduces data breach risks. It solidifies overall cybersecurity posture.
The company initially targets the highly complex and regulated sector of card payments. This area demands the most stringent data handling. Evervault's innovative solution combines advanced encryption. It integrates robust 3D-Secure authentication. It includes modern network tokens. Comprehensive card data enrichment also features prominently. All these critical functionalities integrate through a single, streamlined API. Companies can thus construct secure, unified payment orchestration layers. They significantly reduce their Payment Card Industry (PCI) compliance scope. They accelerate time-to-market for new products. They also maintain complete, granular control over their payment infrastructure.
Customers achieve tangible, impactful benefits. They significantly reduce PCI DSS compliance costs. Average savings frequently reach $100,000 annually. Compliance timelines shrink dramatically, by an impressive 95 percent. Secure payment systems deploy in days, not cumbersome weeks. This efficiency is game-changing. Over 7,000 integrations now support banks and diverse financial institutions globally. Companies confidently collect, process, and route sensitive card data. Their own infrastructure remains untouched by any plaintext information. This offloads immense security burdens. It enhances regulatory compliance without compromise.
Evervault demonstrates potent market traction and accelerated growth. It serves hundreds of global customers across various industries. These include prominent names like CarTrawler, Ramp, Rippling, Overwolf, and Uniswap. The past year marked extraordinary expansion. Revenue soared over four times year-over-year. Processed transaction volume exceeded a staggering $5 billion. The platform generated over 100 million encrypted tokens monthly. These metrics underscore its rapid adoption and reliability in the sensitive data encryption space.
The broader investment landscape increasingly recognizes the critical need for advanced data protection. Significant funding now flows into encryption and digital security infrastructure startups across continents. Zama in Paris, for instance, raised €49 million to advance fully homomorphic encryption. Evertrust secured €10 million for sovereign PKI and certificate management. Quantum Industries in Austria received €9.5 million for quantum-secure communications. Dublin-based Mirror Security raised €2.1 million to develop encryption for AI systems. Soverli in Zurich gained €2.2 million for sovereign smartphone security. XFA in Antwerp saw €1.5 million for identifying unmanaged devices in hybrid workplaces. These recent rounds collectively represent roughly €74 million in fresh investment. They powerfully underscore robust investor interest. Technologies for secure data processing are now paramount. Digital trust frameworks are indispensable. Privacy-preserving computation drives the next wave of innovation.
Evervault now strategically positions itself as foundational. It seeks to become the internet's definitive clearing house for sensitive data. It aims to build its indispensable trust layer. Secure data processing empowers companies to innovate faster. It eliminates regulatory compliance as an operational anchor. It transforms a perceived burden into a significant competitive advantage. This essential infrastructure secures the future of all digital transactions. It robustly protects an ever-expanding and increasingly vulnerable data ecosystem. Evervault champions a world where sensitive data remains secure by default. Its developer-first approach sets a new standard for data security.
Global data volumes now explode relentlessly. The world's digital footprint will surpass 527 zettabytes by 2029. Total data volumes effectively double every three years. Enterprises struggle immensely with this exponential growth. They often lose track of sensitive information. Its precise location, its varied usage, and authorized access remain opaque. The proliferation of generative AI and advanced automated workflows further intensifies this challenge. Data security and rigorous compliance become increasingly complex burdens. Traditional regulatory frameworks often assume sensitive data exists in plaintext somewhere. This inherent assumption creates massive, undeniable liabilities for organizations. A fundamentally new approach to data handling is now not just preferred, but essential.
Evervault delivers this necessary paradigm shift. It builds specialized infrastructure. This architecture empowers developers. They embed robust encryption directly into core application architecture. Sensitive data encrypts immediately at its point of entry. It then remains fully encrypted throughout its entire processing lifecycle. Sensitive information never appears in plaintext within any system. This provides unparalleled data protection. It ensures continuous security by design, not merely by policy. The platform minimizes attack surfaces. It drastically reduces data breach risks. It solidifies overall cybersecurity posture.
The company initially targets the highly complex and regulated sector of card payments. This area demands the most stringent data handling. Evervault's innovative solution combines advanced encryption. It integrates robust 3D-Secure authentication. It includes modern network tokens. Comprehensive card data enrichment also features prominently. All these critical functionalities integrate through a single, streamlined API. Companies can thus construct secure, unified payment orchestration layers. They significantly reduce their Payment Card Industry (PCI) compliance scope. They accelerate time-to-market for new products. They also maintain complete, granular control over their payment infrastructure.
Customers achieve tangible, impactful benefits. They significantly reduce PCI DSS compliance costs. Average savings frequently reach $100,000 annually. Compliance timelines shrink dramatically, by an impressive 95 percent. Secure payment systems deploy in days, not cumbersome weeks. This efficiency is game-changing. Over 7,000 integrations now support banks and diverse financial institutions globally. Companies confidently collect, process, and route sensitive card data. Their own infrastructure remains untouched by any plaintext information. This offloads immense security burdens. It enhances regulatory compliance without compromise.
Evervault demonstrates potent market traction and accelerated growth. It serves hundreds of global customers across various industries. These include prominent names like CarTrawler, Ramp, Rippling, Overwolf, and Uniswap. The past year marked extraordinary expansion. Revenue soared over four times year-over-year. Processed transaction volume exceeded a staggering $5 billion. The platform generated over 100 million encrypted tokens monthly. These metrics underscore its rapid adoption and reliability in the sensitive data encryption space.
The broader investment landscape increasingly recognizes the critical need for advanced data protection. Significant funding now flows into encryption and digital security infrastructure startups across continents. Zama in Paris, for instance, raised €49 million to advance fully homomorphic encryption. Evertrust secured €10 million for sovereign PKI and certificate management. Quantum Industries in Austria received €9.5 million for quantum-secure communications. Dublin-based Mirror Security raised €2.1 million to develop encryption for AI systems. Soverli in Zurich gained €2.2 million for sovereign smartphone security. XFA in Antwerp saw €1.5 million for identifying unmanaged devices in hybrid workplaces. These recent rounds collectively represent roughly €74 million in fresh investment. They powerfully underscore robust investor interest. Technologies for secure data processing are now paramount. Digital trust frameworks are indispensable. Privacy-preserving computation drives the next wave of innovation.
Evervault now strategically positions itself as foundational. It seeks to become the internet's definitive clearing house for sensitive data. It aims to build its indispensable trust layer. Secure data processing empowers companies to innovate faster. It eliminates regulatory compliance as an operational anchor. It transforms a perceived burden into a significant competitive advantage. This essential infrastructure secures the future of all digital transactions. It robustly protects an ever-expanding and increasingly vulnerable data ecosystem. Evervault champions a world where sensitive data remains secure by default. Its developer-first approach sets a new standard for data security.