ENVEIL, the leading pioneer in homomorphic encryption and market leader in Privacy-Enhancing-Technologies (PETs), backed by AllegisCyber investment partner DataTribe, the cybersecurity and data science Foundry based in Maple Lawn, Maryland, has closed it's Series B financing, raising $25M to support it's accelerated growth. The financing was led by financial industry leader USAA with participation by DataTribe and all prior investors. A World Economic Forum Technology Pioneer founded by U.S. Intelligence Community alumni, ENVEIL is deployed and operational today, revolutionizing data usage in the global marketplace.
“Modern digital business requires crossing global data silos and the current barriers of trust are leaving massive unrealized data value. We leverage breakthroughs in Privacy Enhancing Technologies to bridge the gap and unlock the data value the market demands. We’re excited that this investment will accelerate our ability to take our proven capabilities to a broader range of industries, regions, and use cases.”