📝 Evervault raises $25M

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Evervault has secured $25 million in Series B funding led by Ribbit Capital. The funding will help the company expand its "encryption-as-infrastructure" platform, which treats sensitive data like hazardous material. By allowing developers to collect, process, and route information—such as credit card details—without it ever touching their own servers in plaintext, Evervault effectively removes the liability of data breaches and drastically simplifies PCI DSS compliance. This round, supported by Sequoia Capital and Index Ventures, brings the startup's total funding to $46 million and follows a period of explosive growth where it processed over $5 billion in transactions for global clients like Ramp and Rippling. Evervault’s rise is a cornerstone of a broader $88 million investment trend in European digital trust startups, including Paris-based Zama ($58 million) and Dublin’s Mirror Security ($2.5 million), as organizations struggle to secure a global data footprint projected to hit 527 zettabytes by 2029 amidst the complexities of generative AI.

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