Last Update: 04/05/2026 at 2:50 PM EST
Evervault Raises Funding for Encrypted Data
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03/05
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Executive Summary
Evervault raised Series B funding to expand encryption infrastructure for card payments, keeping sensitive data encrypted end to end
- Evervault raised $25 million Series B led by Ribbit Capital with participation from Index, Sequoia, Kleiner Perkins and Operator Partners
- Total funding now stands at $46 million
- The platform encrypts sensitive data at the point of entry and processes it without exposing plaintext
- Focus remains on card payments, a regulated data category with over 7,000 bank and financial institution integrations
- Customers include CarTrawler, Ramp, Rippling, Overwolf and Uniswap
- Evervault says it processed over $5 billion in transaction volume and more than 100 million encrypted tokens monthly
- The company will use the capital to expand encryption infrastructure, product development and engineering teams
Quick Facts
- What: Raised Series B funding for encrypted data workflows
- Where: New York and Dublin based operations
- Why: To protect sensitive data without plaintext exposure
- Who: Evervault and investors led by Ribbit Capital
- When: Announced today in 2025

