EVERVAULT , a developer-focused data security company, has announced a $25 million Series B round to expand its infrastructure and team, bringing its total funding to $46 million. The funding was led by Ribbit Capital, with participation from Index Ventures, Sequoia Capital, Kleiner Perkins, and Operator Partners.
Founded in 2019, Evervault provides a platform that encrypts and orchestrates sensitive data without exposing it in plaintext, integrating encryption with features such as authentication, token management, and data enrichment for handling card payments.
The round is slated to support product development, engineering, and the expansion of its encryption system, as the firm emphasises building the Internet’s trust layer by embedding encryption directly into application architecture so data remains encrypted by default. “Most compliance frameworks assume sensitive data will exist in plaintext somewhere, but with automated, high-velocity data exchange, that’s a liability,” said founder and CEO Shane Curran. According to SecurityWeek, the news was reported on 6 March 2026.