April 27, 2022

SecurityWeek: Privacy Enhancing Tech Startup Enveil Bags $25 Million Investment

Enveil, an early-stage startup tackling the 'holy grail' of data encryption, has banked another $25 million in funding as investors continue to pour money into the privacy enhancing technology space.

"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.

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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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