Cybersecurity Funding Data Security Firm Evervault Raises $25 Million in Series B Funding The company has raised a total of $46 million in funding for its developer-focused encryption and orchestration platform. By Eduard Kovacs | March 6, 2026 (4:05 AM ET) Flipboard Reddit Whatsapp Whatsapp Email Developer-focused data security company Evervault on Thursday announced raising $25 million in Series B financing to expand its infrastructure and team. The round was led by Ribbit Capital with participation from Index Ventures, Sequoia Capital, Kleiner Perkins, and Operator Partners. The company has raised $46 million in total funding, with the latest capital set to support product development, engineering and product team growth, and expansion of its encryption system. Founded in 2019, Evervault provides a platform that allows organizations to encrypt and orchestrate sensitive data without accessing it in plaintext. The platform integrates encryption with features like authentication, token management, and data enrichment, particularly for handling card payments. It includes tools such as a relay proxy for securing network requests, secure environments for running code on encrypted information, user interface elements for collecting payment details, and isolated containers for processing sensitive workloads. Advertisement. Scroll to continue reading. “Most compliance frameworks assume sensitive data will exist in plaintext somewhere, but with automated, high-velocity data exchange, that’s a liability,” said Shane Curran, founder and CEO of Evervault. “At Evervault, we believe sensitive data should be treated like hazardous material. Systems must be designed so it isn’t touched in the first place. We’re building the Internet’s trust layer, embedding encryption directly into the application architecture so it stays encrypted by default, not by policy alone,” Curran added. Related : Reclaim Security Raises $20 Million to Accelerate Remediation Related : AI Security Firm JetStream Launches With $34 Million in Seed Funding Related : Fig Security Launches With $38 Million to Bolster SecOps Resilience Written By Eduard Kovacs Eduard Kovacs (@EduardKovacs) is senior managing editor at SecurityWeek. He worked as a high school IT teacher before starting a career in journalism in 2011. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering. 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