Evervault
Mature, high-growth data encryption vendor with strong, verifiable revenue and transaction-volume metrics; one of the better-substantiated companies in this batch given its named enterprise customer base.
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Raised a $25M Series B (announced 2026-03-05) led by Ribbit Capital with Index Ventures, Sequoia Capital, and Kleiner Perkins, bringing total funding to $46M since 2018 founding.
Serves hundreds of global customers including CarTrawler, Ramp, Rippling, Overwolf, and Uniswap, with 7,000+ banking/payments integrations and over $5B in transaction volume.
Series B closed 2026-03-05 following fourfold year-over-year revenue growth and 100M+ monthly encrypted tokens.
Plaintext-free encryption/orchestration for payments data is a strong specialization within an already-established data encryption category.
Concrete, named customers and multi-billion-dollar transaction volume are meaningful real-world efficacy signals, though not third-party audited.
Protecting sensitive payment and regulated data remains a persistent, high-stakes requirement for any business handling financial transactions.
Why CISOs Should Care
Evervault lets businesses encrypt and orchestrate highly sensitive data (especially payment data) without the company itself ever handling plaintext, reducing PCI/compliance scope and breach blast radius for teams processing regulated data.
What Makes It Different
Focuses specifically on being 'the internet's clearing house for sensitive data' -- deep specialization in card-payment encryption and data orchestration, with over 7,000 banking and payments integrations and 100M+ monthly encrypted tokens.
The Matrix Verdict
53/100 — INCREMENTAL INNOVATOR
Mature, high-growth data encryption vendor with strong, verifiable revenue and transaction-volume metrics; one of the better-substantiated companies in this batch given its named enterprise customer base.
Editorial Note: Claims vs. Verified Findings
Funding, revenue growth (4x YoY), transaction volume (over $5B), and customer names (CarTrawler, Ramp, Rippling, Overwolf, Uniswap) verified via BusinessWire and company blog.
Sources
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