# Enveil

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enveil

- Industry: IT Security/Cybersecurity
- Headquarters: Fulton, US
- Website: www.enveil.com
- Total disclosed funding: $38M
- Latest round: Series B (Apr 27, 2022)
- Investors on record: 10

## About

Enveil, Inc. specializes in Privacy Enhancing Technologies, particularly its ZeroReveal® solutions, enabling secure data usage and collaboration across various sectors, including finance and healthcare.Enveil, Inc. was founded in 2016 in Fulton, US. The company focuses on providing innovative solutions that allow organizations to conduct encrypted searches and analytics while protecting sensitive data. The founder, Ellison Williams, has previously established other companies. Enveil has raised a total of USD 27.50 mn in funding, including a Series B round of USD 27.50 mn led by USAA on April 27, 2022, with participation from notable investors such as Bloomberg Beta and Mastercard Incorporated. The company's current valuation stands at USD 335.013 mn.Enveil specializes in Privacy Enhancing Technologies (PETs), with a focus on its flagship ZeroReveal® solutions that enable secure data usage and collaboration across various industries. These solutions allow organizations to perform encrypted searches, analytics, and machine learning without exposing sensitive data, thereby protecting the integrity and privacy of the underlying information. Enveil’s products target sectors such as financial services, healthcare, and government, providing capabilities that facilitate secure collaboration and decision-making across organizational silos and jurisdictions. The company serves a diverse client base, including federal agencies, healthcare providers, and financial institutions, primarily in the United States and select international markets. The ZeroReveal® technology is recognized for its ability to operate at scale without necessitating the movement or replication of data, which is critical for maintaining data control and compliance.Enveil generates revenue primarily through B2B transactions, offering its Privacy Enhancing Technologies as part of subscription-based models and strategic partnerships. Clients engage with the company to implement ZeroReveal® solutions tailored to their operational needs, resulting in ongoing contractual agreements that reflect the value of secure data usage in their respective fields. Revenue streams are supported by a combination of licensing fees for software usage and service agreements for ongoing support and updates. Specific pricing plans and structures are aligned with the complexity of the implementations and the scale of the client's operations. The company’s revenue model underscores its commitment to delivering advanced data security and analytics capabilities, ensuring that clients can leverage sensitive data without compromising privacy or regulatory compliance.Enveil plans to utilize the recent Series B funding of USD 27.50 mn to expand its product offerings. The company is focused on developing new features for its ZeroReveal® technology and plans to enter new geographical markets, specifically targeting Europe and Asia by the end of 2023. The additional funding will support the design and launch of innovative solutions aimed at enhancing secure data usage in various industries.

## Funding rounds

- Series B, Apr 27, 2022, $28M — In-Q-Tel, USAA, C5 Capital, Bloomberg Beta, GC&H Investments, DataTribe, 1843 Capital, Mastercard Incorporated, Cyber Mentor Fund
- Series A, Feb 18, 2020, $10M — C5 Capital, Bloomberg Beta, Capital One Ventures, 1843 Capital, Mastercard Incorporated

## Investors

- C5 Capital (https://capitalatlas.ai/funds/c5-capital) — Series A, Series B
- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Series A, Series B
- Capital One Ventures (https://capitalatlas.ai/funds/capital-one-ventures) — Series A
- 1843 Capital (https://capitalatlas.ai/funds/1843-capital) — Series A, Series B
- Mastercard Incorporated — Series A, Series B
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series B
- USAA — Series B
- GC&H Investments (https://capitalatlas.ai/funds/gc-h-investments) — Series B
- DataTribe (https://capitalatlas.ai/funds/datatribe) — Series B
- Cyber Mentor Fund (https://capitalatlas.ai/funds/cyber-mentor-fund) — Series B