Evervault, a New York and Dublin-based developer-first platform for encrypting and orchestrating delicate information, immediately introduced it has raised €21 million ($25 million) Sequence B financing to increase its encryption infrastructure, spend money on 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 Sequence 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 totally homomorphic encryption for encrypted computation and confidential smart-contract execution, and Evertrust, additionally based mostly in Paris, which secured €10 million in Sequence 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 crucial infrastructure networks.
Earlier-stage funding rounds embrace Dublin-based Mirror Safety, which raised €2.1 million to develop encryption know-how aimed toward securing AI programs, notably putting it in the identical nation as Evervault, and Zurich-based Soverli, which secured €2.2 millionto construct a sovereign smartphone safety layer designed to take care of operational safety even when the underlying cellular OS is compromised.
In the meantime, Antwerp-based XFA raised €1.5 million to increase its cybersecurity platform for figuring out unmanaged gadgets in hybrid workplaces.
Collectively, these rounds symbolize 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 ought 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 instantly into the applying structure so it stays encrypted by default, not by coverage alone,” provides Shane.
Based in 2019, Evervault allows firms to encrypt and orchestrate delicate information with out ever dealing with it in plaintext. The corporate’s card funds resolution 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 lots of of world clients, together with CarTrawler, Overwolf, Ramp and Rippling.
The world’s information footprint is on observe to succeed in greater than 527 zettabytes by 2029, with complete international information volumes doubling roughly each three years. But, Evervault says enterprises nonetheless wrestle to grasp 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 centered on card funds, some of the 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.
By over 7,000 integrations with banks and monetary establishments, clients can accumulate, course of and route card information with out it touching their very own infrastructure.
Evervault additionally streamlines Fee Card Trade (PCI) compliance by permitting firms to construct a safe, unified fee orchestration layer via a single integration. On common, clients minimize PCI DSS (Information Safety Commonplace) compliance prices by €86k ($100k), obtain compliance 95% quicker, and ship safe fee programs in days moderately than weeks.
“The quantity of delicate information flowing via digital programs is exploding, and each firm now has to determine deal with it safely,” says Justin Saslaw, common associate at Ribbit Capital. “This can be a large, international downside that touches practically each business. Evervault is constructing the core infrastructure to maneuver and course of that information securely, turning a significant compliance burden right into a basis for quicker innovation.”
Keep forward of the curve with NextBusiness 24. Discover extra tales, subscribe to our publication, and be a part of our rising group at nextbusiness24.com