We raised $25 million to build the clearinghouse for sensitive data

Evervault, led by founder and CEO Shane Curran, has raised $25 million in a Series B funding round led by Ribbit Capital, bringing the total funding to $46 million. The company is focused on transforming how sensitive data is handled by eliminating plaintext existence and enabling encryption at the edge, which simplifies compliance and enhances security. Evervault's technology allows developers to process sensitive data, such as card payments, without ever exposing it, thus reducing compliance burdens and breach risks. The company's approach has resulted in significant milestones, including processing over $5 billion in transaction volume and generating over 100 million encrypted tokens monthly. Evervault envisions becoming a global clearinghouse for sensitive data, where companies can share and manage information securely without holding it. The company is expanding its team to further their mission of creating a secure infrastructure for sensitive data movement across the internet.

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