Overview
Evervault, a developer-first platform for encrypting sensitive data, has raised €21 million ($25 million) in Series B funding led by Ribbit Capital, with participation from Sequoia Capital and Index Ventures. The funding aims to expand its encryption infrastructure and enhance product development. Evervault addresses the challenges of managing sensitive data, particularly in card payments, and has achieved 4x year-over-year revenue growth, processing over $5 billion in transaction volume. The company has raised a total of €39 million ($46 million) to date.
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Investors: Ribbit Capital, Sequoia Capital, Index Ventures
Evervault, a developer-first platform for encrypting sensitive data, has raised €21 million ($25 million) in Series B funding led by Ribbit Capital, with participation from Sequoia Capital and Index Ventures. The funding aims to expand its encryption infrastructure and enhance product development. Evervault addresses the challenges of managing sensitive data, particularly in card payments, and has achieved 4x year-over-year revenue growth, processing over $5 billion in transaction volume. The company has raised a total of €39 million ($46 million) to date.