Evervault
Encryption infrastructure for developers
About
Founded in 2020, Evervault provides encryption infrastructure that enables developers to secure sensitive data by eliminating plaintext handling. Their core product is a developer-focused encryption platform that allows integration of data privacy and security seamlessly into applications via APIs. The business model revolves around licensing this platform to tech companies who need to protect sensitive data and comply with privacy regulations. Evervault's $25M Series B funding in 2024, led by Ribbit Capital, brought their total funding to $46M, supporting expansion of payment encryption capabilities and growth in revenue.
Products
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Relay
— An encryption proxy that encrypts or decrypts data within network requests to secure data flows.
Customer sectors: payment platforms, developers, fintechs
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Functions
— Serverless functions that run logic on encrypted data outside your infrastructure securely.
Customer sectors: developers, fintechs, payment processors
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UI Components
— Embeddable components to collect and display cardholder data without exposing it in plaintext.
Customer sectors: ecommerce, payment platforms, developers
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Enclaves
— Deploy any Docker container to a secure enclave without additional setup for sensitive computations.
Customer sectors: enterprise fintechs, developers, payment processors
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SDKs and REST API
— Language-specific SDKs and REST API for seamless integration of Evervault’s encryption platform.
Customer sectors: developers, fintechs, enterprises
Market research & competitive positioning
Source-backed TAM / SAM / SOM sizing, displacement analysis, and an interactive peer positioning map for Evervault — available to members.
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