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November 9, 2017

Baltimore Business Journal: Cyber startup Enveil raises $4 million from Thomson Reuters, USAA, others

Enveil's funding is profiled in the Baltimore Business Journal


The startup was founded in September 2016 to address a cybersecurity "blind spot," using technology initially spearheaded inside the National Security Agency. Existing data encryption strategies typically focus on protecting data while it is at rest — sitting on a server, for example — or in transit. But data is at risk when it is being used as well, and that is where Enveil aims to protect it. Enveil allows enterprises to securely operate on data in the cloud, without ever decrypting.

The company has 10 employees and is working on building up its customer base, namely in industries like financial services and banking, data aggregation and health care. Williams said it has been exciting to "kind of build a new market" for Enveil within the cyber space. She said the transition from working in public organizations to a private operation has been like "night and day," but she has always wanted to start her own business and she is enjoying the freedom that comes on the commercial side of things.

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Enveil is a pioneering Privacy Enhancing Technology company protecting Data in Use. Enveil’s business-enabling and privacy-preserving capabilities change the paradigm of how and where organizations can leverage data to unlock value. Defining the transformative category of Privacy Enhancing Technologies (PETs), Enveil’s award-winning ZeroReveal® solutions for secure data usage, collaboration, monetization, and Secure AI protect the content of the search, analytic, or model while it's being used or processed. Customers can extract insights, cross-match, search, analyze, and leverage AI across boundaries and silos at scale without exposing their interests and intent or compromising the security or ownership of the underlying data. A World Economic Forum Technology Pioneer and Gartner Cool Vendor, Enveil is deployed and operational today, revolutionizing data usage in the global marketplace.
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