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

Excerpt:

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.

Read the full article.

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Enveil is a pioneering Privacy Enhancing Technology company protecting Data in Use. Enveil’s business-enabling and privacy-preserving capabilities for secure usage, collaboration, and monetization protect data while it's being used or processed – the 'holy grail' of data encryption. Defining the transformative category of Privacy Enhancing Technologies (PETs), Enveil’s homomorphic encryption-powered ZeroReveal® solutions allow organizations to securely derive insights, cross-match, search, and analyze data assets without ever revealing the contents of the search itself or compromising the security or ownership of the underlying data.
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