in ,

Enveil Announces Series A Funding Round for Data Protection Tool

Enveil Announces Series A Funding Round for Data Protection Tool - top government contractors - best government contracting event
Enveil Announces Series A Funding Round for Data Protection Tool - top government contractors - best government contracting event

Data security firm Enveil has raised $10M in a round of Series A financing led by C5 Capital and supported by several investors including Capital One Ventures, Mastercard, 1843 Capital and Bloomberg Beta.

Enveil said Tuesday it will use the investment to expand its ZeroReveal product line, build up its global sales team and client support functions and broaden its presence in government and commercial markets.

ZeroReveal is designed to protect data in use using homomorphic encryption techniques and can help organizations perform secure searches, sharing, analytics and collaboration of sensitive data on premises or in the cloud without disclosing the contents of the search.

Ellison Anne Williams, founder and CEO of Enveil, said the company is privileged to have a team of investors who recognize its technical capabilities and ability of ZeroReveal to address privacy concerns on a global scale.

Enveil said the funding round builds on strategic funding worth more than $5M it has secured from In-Q-Tel, DataTribe, Refinitiv, Cyber Mentor Fund and other investors since its establishment in 2016.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Government Technology

mm

Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

GE Aviation Seeks to Automate Price Estimation for Defense Equipment With New Tool - top government contractors - best government contracting event
GE Aviation Seeks to Automate Price Estimation for Defense Equipment With New Tool
Jennifer Stone Joins GovernmentCIO as Growth VP for Veteran, Defense Health - top government contractors - best government contracting event
Jennifer Stone Joins GovernmentCIO as Growth VP for Veteran, Defense Health