Business Description and Summary
Evervault is a developer-focused encryption and data orchestration platform based in Dublin and New York, founded in 2019 by Shane Curran. It offers infrastructure and APIs that enable businesses to securely collect, process, and route sensitive information, such as payment details and personal data, without ever exposing it in plaintext. Its core capabilities include edge encryption, tokenisation, and a hardware-secured runtime that allows applications to operate on encrypted data through secure functions, ensuring sensitive information is never directly accessed. The platform is particularly geared toward payments and regulated data environments, helping organisations reduce compliance burdens under standards like PCI DSS, SOC 2, and GDPR by embedding encryption into system architecture rather than relying solely on procedural controls.
What Makes Evervault Unique?
Evervault stands out by treating sensitive data as something that should never exist in plaintext within a company’s systems, rather than something to secure after exposure. Its developer-first platform encrypts data at the point of entry and enables end-to-end processing within hardware-secured environments, ensuring it remains protected throughout its lifecycle. Unlike traditional compliance-focused tools, Evervault embeds encryption directly into application architecture, reducing regulatory scope while allowing businesses to handle card data without taking custody of it. This approach leads to lower compliance costs and quicker certifications.
Series B Funding Details
Evervault raised US$25 million in a Series B round on March 5, 2026, led by Ribbit Capital, with participation from Sequoia Capital, Index Ventures, Kleiner Perkins, Next Play Ventures, and new investor Operator Partners, bringing total funding to US$46 million. The company plans to use the capital to expand its encryption infrastructure, accelerate product development, and grow its engineering and product teams. Evervault framed the raise as a step toward building the internet’s “trust layer,” enabling sensitive data to be securely encrypted, processed, and routed without ever existing in plaintext. The round follows strong momentum, including fourfold year-over-year revenue growth, over US$5 billion in transaction volume, more than 100 million encrypted tokens monthly, and 7,000+ banking and payments integrations, particularly within its payments security offering.
What We can expect in 2026
In 2026, Evervault is positioned to scale its role as a foundational encryption‑infrastructure provider following its US$25 million Series B round, which it is using to expand its global encryption network, accelerate product development, and grow engineering capacity. The company aims to deepen its shift from payments‑focused encryption toward becoming the Internet’s “clearinghouse for sensitive data,” enabling organisations to collect, process, and route regulated information without ever handling it in plaintext. Evervault is expected to broaden developer tooling, strengthen its hardware‑secured runtime environments, and extend use cases beyond PCI into identity, financial data flows, and AI‑driven systems.