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Enveil is a Fulton, Maryland-based enterprise software company that develops privacy-enhancing technologies designed to protect sensitive data while it is actively being processed or analyzed. The company utilizes homomorphic encryption and secure multiparty computation to enable secure data search, sharing, collaboration, and artificial intelligence applications across the financial services, healthcare, and government sectors. Operating as a venture-funded software-as-a-service provider, Enveil has raised over $40 million in total funding, including a $25 million Series B round in 2021 that followed a period where revenue increased by more than 300 percent. The firm is backed by a syndicate of prominent corporate and institutional investors, including USAA, Mastercard, Capital One Ventures, C5 Capital, and In-Q-Tel. Enveil was founded in 2016 by founder and chief executive officer Ellison Anne Williams alongside alumni from the United States Intelligence Community.
Enveil has raised $39.0M across 3 funding rounds.
Enveil has raised $39.0M in total across 3 funding rounds.
Enveil has raised $39.0M across 3 funding rounds. Most recently, it raised $25.0M Series B in April 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 27, 2022 | $25M Series B | Nathan Mckinley | 1843 Capital, Bloomberg Beta, C5 Capital, Capital ONE Ventures, Cyber Mentor Fund, DataTribe, Gc&h Investments, IN Q TEL, Mastercard | Announced |
| Feb 18, 2020 | $10M Series A | Zulfe ALI | 1843 Capital, Bloomberg Beta, Capital ONE Ventures, DataTribe, IN Q TEL, Jorn Lambert, Refinitiv, Thomson Reuters, USAA | Announced |
| Nov 9, 2017 | $4M Venture Round | — | Bloomberg Beta, DataTribe, BOB Schukai, Nathan Mckinley | Announced |
Enveil has raised $39.0M in total across 3 funding rounds.
Enveil's investors include Nathan McKinley, 1843 Capital, Bloomberg Beta, C5 Capital, Capital One Ventures, Cyber Mentor Fund, DataTribe, GC&H Investments, In-Q-Tel, Mastercard, Zulfe Ali, Jorn Lambert.
Enveil is a pioneering Privacy Enhancing Technology (PET) company that develops ZeroReveal®, a suite of award-winning software solutions protecting data while it is in use.[1][2][4][5] It serves enterprises, government agencies, financial services, and mission-critical sectors by enabling secure data usage, collaboration, analytics, search, and AI across silos and boundaries without exposing data content, user intent, or ownership.[1][3][5] Enveil solves the core problem of Data in Use vulnerability in the data lifecycle—where traditional encryption fails during processing—allowing organizations to unlock value from sensitive data while ensuring privacy, regulatory compliance, and security at scale.[1][2][4][7] Recognized as a World Economic Forum Technology Pioneer, Gartner Cool Vendor, 2023 RegTech100 Company, and FCA Global TechSprint Winner, Enveil demonstrates strong growth momentum through operational deployments in global marketplaces, including DoD, IC, and commercial environments.[1][2][3]
Enveil emerged as a leader in PETs, leveraging homomorphic encryption (HE)—often called the "holy grail" of encryption—to address gaps in secure data processing.[2][5][6] While specific founders are not detailed in available sources, the company pioneered practical applications of PET pillars like HE, secure multiparty computation, and trusted execution environments, making them scalable for business use.[5][6][7] Early traction came from defining the PET category and delivering groundbreaking capabilities for encrypted search, analytics, and AI, earning accolades such as WEF Technology Pioneer in 2020 and Gartner Cool Vendor status.[1][2][4] Pivotal moments include operational deployments revolutionizing data usage across verticals like financial services and government, with innovations like ZeroReveal enabling real-time insights without data movement or exposure.[1][3]
Enveil stands out in the PET landscape through these key strengths:
Enveil rides the explosive growth of Privacy Enhancing Technologies (PETs), a transformative category highlighted by the UN, Royal Society, CIPL, and ICO, amid surging demand for secure data utilization in AI, analytics, and collaboration.[1][5][6][7] Timing is ideal as global regulations (e.g., GDPR, Zero Trust mandates) and data silos intensify, while AI proliferation heightens risks of exposure during processing—PETs like Enveil's HE enable operations in the encrypted domain as if plaintext.[2][6][7] Market forces favoring Enveil include rising fraud threats, multi-domain government needs (DoD/IC), and commercial opportunities in RegTech/fintech, where it unlocks untapped data value without lift-and-shift costs.[1][3][7] By operationalizing PETs today, Enveil influences the ecosystem, shifting paradigms from data hoarding to secure sharing, fostering intelligence-led decisions, and aligning with data-centric security standards.[1][4][7]
Enveil is poised to dominate PET adoption as organizations prioritize Data in Use protection amid AI expansion and privacy regulations.[1][7] Next steps likely include broader Secure AI integrations, edge deployments, and vertical expansions (e.g., PAI/CAI, global fraud fighting), building on current momentum.[1][3] Trends like homomorphic encryption maturation and multiparty computation will amplify its edge, potentially evolving Enveil into a standard for cross-boundary data economies—unlocking global value while silos persist.[5][6] This positions Enveil to redefine secure data paradigms, much like it has already pioneered today.[1][2]
