# Vaultree

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

- Industry: Software
- Headquarters: Cork, Ireland
- Website: www.vaultree.com
- Total disclosed funding: $16M
- Latest round: Series A (Nov 28, 2022)
- Investors on record: 9

## About

Vaultree Limited is a technology company focused on Data-In-Use Encryption, enabling organizations to securely use encrypted data across various industries, particularly in healthcare and finance.Founded in 2020 and headquartered in Cork, Ireland, Vaultree Limited develops encryption solutions that protect data during its utilization. The company was founded by Kevin Curran, Maxim Dressler, Ryan L, Ryan Lasmaili, Shaun Mc Brearty, and Tilo Weigandt. Vaultree has raised EUR 12.10 mn in Series A funding, with its most recent round occurring on November 28, 2022, targeting innovative solutions for data security. The company has completed 2 deals to date.Vaultree specializes in Data-In-Use Encryption technology, allowing organizations to securely utilize their data while encrypted. Their offerings include Encrypted Data Enablement solutions and the Vaultree Encrypted Data Sharing (VEDS) platform, benefiting sectors like healthcare by enabling secure data sharing and analysis without traditional de-identification methods. The technology employs Fully Homomorphic Encryption (FHE) to facilitate AI and machine learning operations on encrypted datasets, catering to clients in North America and Europe who require compliance with privacy regulations.Vaultree generates revenue through a subscription-based model for its software solutions, facilitating continuous access to advanced encryption technologies for clients. The subscription fees vary based on the scale of data operations and specific encryption needs. The customer base consists mainly of enterprises in regulated sectors like healthcare and finance, focused on leveraging encrypted data for AI and machine learning applications, thus ensuring a steady revenue stream through partnerships and annual agreements.In November 2022, Vaultree Limited secured EUR 12.10 mn in Series A funding, co-led by Molten Ventures and Ten Eleven Ventures, along with other investors. The funding will be utilized to enhance sales, marketing, and product development for its data-in-use encryption technology. Vaultree aims to expand its market presence, particularly targeting new regions within Europe and North America, aligning with its strategic growth objectives.

## Funding rounds

- Series A, Nov 28, 2022, $13M — Molten Ventures, SentinelOne, Inc., Ten Eleven, Elkstone Ventures, Cyber Club London, CircleRock Capital
- Seed, Oct 8, 2021, $3.4M — Enterprise Ireland, Ten Eleven, Halo Business Angel Network, Unpopular Ventures

## Investors

- Enterprise Ireland (https://capitalatlas.ai/funds/enterprise-ireland) — Seed
- Ten Eleven — Seed, Series A
- Halo Business Angel Network — Seed
- Unpopular Ventures (https://capitalatlas.ai/funds/unpopular-ventures) — Seed
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series A
- SentinelOne, Inc. — Series A
- Elkstone Ventures (https://capitalatlas.ai/funds/elkstone-ventures) — Series A
- Cyber Club London (https://capitalatlas.ai/funds/cyber-club-london) — Series A
- CircleRock Capital — Series A