"Since launching in 2016, Enveil has raised a total of $40 million in venture capital funding and is considered one of the more mature players in the competitive PETs (privacy enhancing technologies) category.
Enveil said the new financing will be used to expand sales, product development, and marketing activity to capitalize on a growing global need for tools to manage computation against encrypted data in secure ways.
Enveil, the brainchild of former NSA mathematician Ellison Anne Williams, said its technology allows organizations to extract insights, cross-match, search, and analyze data assets at scale without ever revealing the content of the search itself.
The company said its decentralized approach allows data to be securely shared between entities and across organizational, jurisdictional, and security boundaries, expanding data access and utility without the need to move or pool sensitive assets. 'These business and mission-enabling capabilities allow data to be used in ways that were not previously possible,' Enveil said."
Read the full article at SecurityWeek.