The startup offers a data security platform that enables clients to securely analyze and collaborate on data assets without exposing sensitive content. By utilizing advanced techniques for data anonymization and secure insights derivation, the platform facilitates safe data monetization and cross-matching of third-party data.
Funding
$43.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
UFounders
Product
Problem
Organizations face challenges in securely analyzing and collaborating on sensitive data assets without exposing the underlying content. Traditional methods of data sharing and analysis often require moving or decrypting data, increasing the risk of breaches, compliance violations, and exposure of proprietary information. This limits the ability to derive valuable insights from sensitive datasets, especially when data resides in different locations or jurisdictions.
Solution
Enveil provides a suite of Privacy Enhancing Technology (PET) solutions that enable organizations to securely use, share, and monetize data without revealing the underlying content. Their ZeroReveal® products leverage homomorphic encryption and secure multi-party computation to perform computations on encrypted data. This allows users to extract insights, cross-match, search, analyze, and leverage AI across boundaries and silos at scale without exposing their interests and intent or compromising data security and ownership. Enveil's solutions ensure that data remains protected throughout the entire processing lifecycle, whether on-premise, in the cloud, or in third-party locations.
Target Audience
Enveil's primary customers include organizations in the financial services, healthcare, and government sectors that need to securely analyze and collaborate on sensitive data while adhering to strict privacy and compliance regulations.
Features
- **ZeroReveal® Search:** Enables secure searches on encrypted data, allowing organizations to extract insights without revealing the search query or compromising the underlying data.
- **ZeroReveal® Machine Learning:** Facilitates secure AI by enabling encrypted evaluation/inference and federated learning on disparate, decentralized datasets.
- **ZeroReveal® Compute Fabric:** A two-party, proxy layer software system that ensures data remains secure throughout the processing lifecycle.
- **Homomorphic Encryption:** Allows computations to be performed on encrypted data, ensuring that sensitive information is never exposed.
- **Secure Multi-Party Computation (SMPC):** Enables organizations to train models in an encrypted capacity, protecting the model development process and the data used for training.
- **NIAP Common Criteria Certification:** Ensures that Enveil's products meet rigorous security standards.
- **Lightweight API-Based Architecture:** Functions as a point-to-point proxy layer to perform secure computations without requiring changes to existing system architecture or data storage formats.