Excerpt:
"Even in a year where many startups struggled to survive, funding dried up and technology stocks plunged, Baltimore companies still managed to grow and create new innovations.
Enveil is bringing a taste of the technology that powers the National Security Agency to the business world.
Founder and CEO Ellison Anne Williams spent 12 years at the NSA before founding Enveil in 2016. The company raised $25 million in a series B round in 2022, following up on a $10 million series A round in 2020.
The Baltimore region is a hub for cybersecurity. Two new public companies, BigBear.ai in Columbia and ZeroFox Holding Corp. in Baltimore have sprouted from the region's cyber infrastructure in the past two years. Enveil is a graduate of DataTribe, an incubator that commercializes innovations from the intelligence community. Fulton-based Enveil is aimed at protecting and encrypting data while it is being used, with a focus on enhancing privacy in the financial services and health care industries.
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