Privacy Enhancing Tech Start-up Enveil Secures 25 Million USD Investment

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Privacy Enhancing Tech Start-up Enveil Secures 25 Million USD Investment

Enveil, an early-stage firm tackling data encryption, has raised another 25 million USD in funding, for their privacy-enhancing technology.

The Series B round was led by USAA with contributions from existing investors including Mastercard, Capital One Ventures, C5 Capital, DataTribe, In-Q-Tel, Cyber Mentor Fund, Bloomberg Beta, GC&H, and 1843 Capital, according to the company, which has its roots in the US government’s National Security Agency.

The new funding will be used to enhance Enveil’s sales, product development, and marketing efforts in order to meet a rising global demand for tools to manage computation against encrypted data in a secure manner, according to the company.

Read More: https://www.securityweek.com/privacy-enhancing-tech-startup-enveil-bags-25-million-investment