Maryland Startup Demonstrates Unique Homomorphic Encryption Technology Alongside Top Emerging Companies in Silicon Valley
Fulton, MD – June 28, 2017 – Enveil, provider of the first scalable commercial solution to cryptographically secure Data in Use, participated in the 2017 Morgan Stanley TechWeek and CTO Innovation Summit in Palo Alto, CA on June 7-8, 2017. As one of Morgan Stanley’s invited innovative companies of interest, Enveil's founder and CEO, Ellison Anne Williams, presented their revolutionary approach to encryption. The annual event brought together more than 150 leading technology executives to collaborate and explore innovative products and emerging trends with Morgan Stanley’s senior technologists.
“We were thrilled to be included at Morgan Stanley’s event for our innovative work in securing Data in Use. Enveil has scaled this technology into a framework for the commercial industry that was previously not attainable. We are excited about the possibilities of closing this gap of data security within the financial sector.”
Ellison Anne Williams
Founder and CEO of Enveil
As malicious adversaries continue to develop new ways to breach and exploit financial organizations, measures must be taken to ensure that sensitive data is not decrypted at any point of its lifecycle. For this reason, it is imperative that financial institutions securely interact with their data, whether on premise or in the cloud, and keep sensitive data encrypted even when it is being used. Founded in September 2016, Enveil's mission is to bring the same level of security that it enabled within the U.S. Intelligence Community to the commercial sector.
There are many products on the market that use encryption to secure data at rest or in transit, but these solutions leave a gap of exposure for Data in Use, which includes day to day interactions with data like searches and analytics. Typically, data must be decrypted prior to performing these operations, leaving it vulnerable to data leakage and those with malicious intent. Enveil's technology secures Data in Use, allowing the data to remain encrypted during any processes applied to it. In the event of a breach, all data and the use of that data is protected, vastly reducing the impact of breaches.
The invite-only Morgan Stanley event featured a series of seminars that provided attendees with the opportunity to interact with experts and learn more about customer challenges. Williams presented the Enveil solution to attendees and Morgan Stanley’s tech leaders. Many CTO Innovation Summit participants go on to play a larger role in Morgan Stanley’s technology strategy and in the financial sector as a whole. More information about Morgan Stanley’s 2017 TechWeek and CTO Innovation Summit can be found here.
Enveil technology is the first scalable commercial solution to cryptographically secure Data in Use. Powered by homomorphic encryption, Enveil enables enterprises to operate on both encrypted and unencrypted data in the cloud, on prem, or anywhere in between without ever revealing the content or results of operations, such as searches and analytics. Enveil's solution is applicable across large market verticals, including cloud security, financial services, healthcare and supply chain. Founded by a seasoned team of mathematicians and computer scientists from the U.S. Intelligence Community, Enveil was one of the winners at the 2017 RSA Innovation Sandbox competition. Learn more at https://enveil.com.