Data security company Enveil has raised an undisclosed amount of funding. The investor was In-Q-Tel.
Washington, D.C. – December 5, 2017 – Enveil, a pioneering data security company protecting Data in Use, today announced a strategic partnership with and investment from In-Q-Tel (IQT), the nonprofit strategic investor that identifies and accelerates the development of innovative technologies to support the mission of the U.S. Intelligence Community (IC). This backing from IQT is a significant milestone for Enveil’s continued product development and growth, and will provide further opportunity for the company to enhance its solution to benefit the unique security requirements of the IC.
“We are pleased to be a part of the In-Q-Tel portfolio and look forward to expanding our relationship with IQT and its government partners,” said Ellison Anne Williams, founder and CEO of Enveil. “Enveil’s ability to ensure data and any interactions with it are concealed throughout the entire processing lifecycle has unique relevance and applicability within the U.S. Intelligence Community, and we are proud that this partnership will help further enhance our solution in support of national security.”
Enveil’s technology allows users to securely and unobtrusively operate on data in their own environment using existing tools. In order to truly secure critical data, it must remain encrypted at all times, but historically, performing actions such as search and analytics required decryption and created points of exposure. Enveil is the only scalable, commercial solution specifically engineered to protect data while it is being processed, or Data in Use. The company’s Never Decrypt computation capability closes this data security gap by ensuring the data and any interactions with it are always concealed and never exposed during the entire processing lifecycle.
“Enveil eliminates a security blind spot by ensuring data remains encrypted while in use,” said Steve Bowsher, Managing Partner at IQT. “The company’s ability to close this security gap and protect Data in Use at scale addresses important requirements for both the government and the broader commercial market.”
Enveil allows users to securely operate on both encrypted and unencrypted data in the Cloud, on premise, or anywhere in between. Its unique framework empowers companies to take advantage of third-party data sources and Cloud resources they may have previously been avoiding due to security concerns. With looming legislation such as General Data Protection Regulation (GDPR), Enveil is also helping organizations prepare and ensure that their data remains protected, even in the event of a breach. This strategic partnership and investment from IQT is part of Enveil’s recently announced strategic funding round.
To learn more about Enveil, please visit www.enveil.com.
Enveil is a pioneering data security company working to protect Data in Use. Performing actions such as search and analytics have historically required decryption, creating points of exposure. Enveil’s Never Decrypt computation capability closes this last gap in data security by protecting data while it is in use. Enveil allows enterprises to securely operate on both encrypted and unencrypted data in the Cloud, on prem, or anywhere in between. Users can interact with data at scale in a completely private and secure manner, opening the door to untapped opportunities. Founded by U.S. Intelligence Community alumni with backgrounds in mathematics, algorithmics, and machine learning, Enveil is revolutionizing data security by addressing a Data in Use vulnerability that people have been chasing for more than 20 years. Learn more at www.enveil.com.