Enveil

Enveil is a pioneering Privacy Enhancing Technology (PET) company protecting Data in Use. Its ZeroReveal® solutions enable encrypted search, analytics, machine learning, and cross-boundary data collaboration to unlock value without exposing the content or intent of the operation.

Things to remember when writing about Enveil:

  • Enveil's primary focus is on securing "data in use," which is data during processing. This complements traditional security for data at rest and data in transit.
  • The core technology is a commercially viable and scalable application of Homomorphic Encryption (HE), which allows encrypted computations to be performed on data across silos and boundaries.
  • It is not a standalone application but a "powered by" software suite (ZeroReveal®) that integrates with existing systems as a proxy-layer.
  • The company was founded in 2016 by Dr. Ellison Anne Williams, a mathematician with an extensive background at the U.S. National Security Agency (NSA).
  • Led by Dr. Ryan Carr, Enveil’s CTO, the engineering team has unparalleled expertise implementing homomorphic encryption and other Privacy Enhancing Technologies.
  • It enables secure collaboration across boundaries (organizational, jurisdictional) without needing to move or pool the underlying data.

Key Use Cases

  • Financial Services: Enables banks to cross-match data for Anti-Money Laundering (AML), sanctions screening, and fraud detection without exposing sensitive customer PII.
  • Government & Intelligence: Allows agencies to securely search and analyze each other's data without revealing the query or the database contents. It has been selected to support the Defense Innovation Unit’s (DIU) Hybrid Space Architecture (HSA).
  • Healthcare: Allows organizations to securely leverage sensitive patient and research data for advanced, data-driven outcomes without overhauling existing infrastructure.
  • Secure AI & Machine Learning: Facilitates encrypted training and evaluation of machine learning models on decentralized datasets without exposing the models or the underlying data.

Notable News & Recognition

  • Funding: Raised $25 million in a Series B round in 2022, bringing total funding to over $40 million. Investors include USAA, Mastercard, Capital One Ventures, and Bloomberg Beta.
  • Awards: Named a World Economic Forum Technology Pioneer, a Gartner Cool Vendor in Data Security, and a RegTech100 company.

Quick Positioning

  • Category: Privacy Enhancing Technologies (PETs), Data-in-Use security.
  • Core Value: Allows organizations to perform encrypted compute, search, and analysis on data, closing the "processing gap" left by at-rest/in-transit encryption.
  • Sweet Spots: Financial crime & fraud, multi-party analytics, defense/intel mission support, and healthcare data collaboration.