Evervault, a New York and Dublin-based developer-first platform for encrypting and orchestrating delicate information, right now introduced it has raised €21 million ($25 million) Collection B financing to broaden its encryption infrastructure, put money into product growth and develop its engineering and product groups.
The spherical was led by Ribbit Capital with participation from Sequoia Capital and Index Ventures. The spherical brings Evervault’s complete funding to €39 million ($46 million).
“Most compliance frameworks assume delicate information will exist in plaintext someplace, however with automated, high-velocity information, that’s a legal responsibility,” says Shane Curran, founder and CEO of Evervault.
Evervault’s €21 million Collection B comes amid continued funding in encryption, digital belief and safety infrastructure startups throughout Europe.
Current examples embrace Zama in Paris, which raised €49 million to advance absolutely homomorphic encryption for encrypted computation and confidential smart-contract execution, and Evertrust, additionally primarily based in Paris, which secured €10 million in Collection A funding to scale its sovereign PKI and certificates lifecycle administration platform. In Austria, Quantum Industries raised €9.5 million to commercialise quantum-secure communications know-how for vital infrastructure networks.
Earlier-stage funding rounds embrace Dublin-based Mirror Security, which raised €2.1 million to develop encryption know-how aimed toward securing AI methods, notably inserting it in the identical nation as Evervault, and Zurich-based Soverli, which secured €2.2 millionto construct a sovereign smartphone safety layer designed to keep up operational safety even when the underlying cell OS is compromised.
In the meantime, Antwerp-based XFA raised €1.5 million to broaden its cybersecurity platform for figuring out unmanaged gadgets in hybrid workplaces.
Collectively, these rounds characterize roughly €74 million in funding flowing into encryption and cybersecurity infrastructure startups in 2025–2026, indicating investor curiosity in applied sciences that allow safe information processing, digital belief frameworks and privacy-preserving computation.
“At Evervault, we consider delicate information needs to be handled like hazardous materials. Methods have to be designed so it isn’t touched within the first place. We’re constructing the Web’s belief layer, embedding encryption straight into the appliance structure so it stays encrypted by default, not by coverage alone,” provides Shane.
Based in 2019, Evervault permits corporations to encrypt and orchestrate delicate information with out ever dealing with it in plaintext. The corporate’s card funds answer combines encryption with 3D-Safe authentication, community tokens and card information enrichment in a single integration.
The corporate has gained traction in card funds and serves a whole bunch of world prospects, together with CarTrawler, Overwolf, Ramp and Rippling.
The world’s data footprint is on track to reach more than 527 zettabytes by 2029, with complete world information volumes doubling roughly each three years. But, Evervault says enterprises nonetheless battle to know the place delicate information lives, how it’s getting used and who has entry to it.
Generative AI and agentic workflows have additional compounded this progress, making it much more troublesome for organisations to maintain tempo with information safety and compliance.
With a purpose of changing into the Web’s clearing home for delicate information, Evervault has initially targeted on card funds, one of the vital regulated and sophisticated information classes. Over the previous yr, the corporate has reportedly achieved greater than 4 instances YoY income progress and processed over €4.2 billion ($5 billion) in transaction quantity, producing over 100 million encrypted tokens every month.
Via over 7,000 integrations with banks and monetary establishments, prospects can accumulate, course of and route card information with out it touching their very own infrastructure.
Evervault additionally streamlines Fee Card Business (PCI) compliance by permitting corporations to construct a safe, unified cost orchestration layer by way of a single integration. On common, prospects lower PCI DSS (Information Safety Commonplace) compliance prices by €86k ($100k), obtain compliance 95% quicker, and ship safe cost methods in days relatively than weeks.
“The quantity of delicate information flowing by way of digital methods is exploding, and each firm now has to determine how you can deal with it safely,” says Justin Saslaw, normal companion at Ribbit Capital. “It is a huge, world drawback that touches practically each business. Evervault is constructing the core infrastructure to maneuver and course of that information securely, turning a serious compliance burden right into a basis for quicker innovation.”
