How much funding has Evervault raised?

Evervault has raised $45.0M in total funding. Their latest funding round was Series B. Key investors include ["Ribbit Capital","Index Ventures","Sequoia Capital","Kleiner Perkins","Frontline Ventures"].

Where is Evervault headquartered?

Evervault is headquartered in Dublin, Ireland. The company has a team of 11-50 people.

When was Evervault founded?

Evervault was founded in 2018. It is based in Dublin, Ireland.

Who is the CEO of Evervault?

Shane Curran is the CEO of Evervault. The company was founded in 2018.

Where is Evervault located?

Evervault is headquartered in Dublin, Ireland.

What funding stage is Evervault at?

Evervault is currently at the Growth Stage stage.

How many employees does Evervault have?

Evervault has approximately 11-50 employees.

Evervault

Category: AI Developer Tools

A flexible payments security platform that provides developer-friendly encryption infrastructure for securing sensitive payment data, tokenizing cards, and achieving PCI compliance with minimal scope. Evervault was founded in 2018. The company is led by Shane Curran. Based in Dublin, Ireland. Team size: 11-50. Total funding raised: $45.0M. Latest round: Series B. Key investors include ["Ribbit Capital","Index Ventures","Sequoia Capital","Kleiner Perkins","Frontline Ventures"].

Founded: 2018
Headquarters: Dublin, Ireland
Team size: 11-50
Total funding: $45.0M

Value proposition

Enables developers to take full control of their payments stack through powerful encryption infrastructure - tokenize credit cards, optimize payment margins, achieve PCI compliance (reducing scope by up to 95%), avoid payment processor lock-in, and spin up card issuing programs. Customers can encrypt data at collection and maintain it encrypted throughout its lifecycle while still processing it, without storing plaintext or managing encryption keys.

Products and solutions

["Payments Security Platform (launched May 2024)","Network Tokens Service","3D Secure Authentication","Payment Optimization Tools","BIN Lookup & Card Insights","Card Account Updater","Evervault Encryption Engine (E3)","Relay - Encryption Proxy","Functions - Serverless Encrypted Compute","UI Components - Secure Data Collection","Enclaves - Docker Containers in Secure Environments","Secure Card Data / Tokenization","Secure Banking Data","Secure PII (GDPR/CCPA)","Page Protection (PCI DSS 4.0)","ASV Scans - Vulnerability Assessment"]

Unique value

Evervault's dual-custody encryption model fundamentally differs from traditional tokenization - they never store customer data (customers store encrypted data themselves), while Evervault manages the encryption keys. This architecture requires both the client AND Evervault to be compromised for a successful data breach, eliminating single points of failure. Their zero-latency tokenization enables creating encrypted tokens without network requests (microseconds vs seconds), and their modular platform unbundles payment security from processors, giving developers flexibility to route payments to any processor while maintaining control.

Target customer

Developers and engineering teams at companies ranging from early-stage startups to large financial institutions who need to collect, process, and secure sensitive payment data while maintaining compliance (PCI DSS, HIPAA, GDPR)

Industries served

["Payments & FinTech","Banking & Financial Services","E-commerce & Retail","Healthcare & HealthTech","SaaS & Technology","Card Issuing","Payment Orchestration","Travel & Hospitality","Digital Insurance"]

Technology advantage

Built on the proprietary Evervault Encryption Engine (E3) powered by AWS Nitro Enclaves with Shamir's Secret Sharing for key management - splitting keys into three shares with quorum of three. Combines Elliptic Curve Cryptography (ECC) with AES-256-GCM for performance-optimized encryption (offers 5x faster r1 curve vs k1 curve). Their developer-first approach provides simple SDK integration across languages, infinitely customizable UI components with CSS-in-JS, auto-scaling to millions of transactions, and automatic key rotation/provisioning. Enables processing encrypted data in secure enclaves via Docker containers with built-in TLS attestation. Achieves PCI DSS compliance reduction to SAQ A level (95% fewer controls), HIPAA compliance with BAAs, and supports GDPR/CCPA requirements.

How they differentiate

Evervault's dual-custody encryption model fundamentally differs from traditional tokenization - they never store customer data (customers store encrypted data themselves), while Evervault manages encryption keys. This eliminates single points of failure and vendor lock-in. Their zero-latency tokenization enables encryption in microseconds vs seconds, and their modular platform unbundles payment security from processors, giving developers flexibility to route payments to any processor.

Main competitors

["Very Good Security (VGS)","Basis Theory","Skyflow"]

Key partnerships

["Amazon Web Services (AWS) - Strategic infrastructure partner using AWS Nitro Enclaves and AWS KMS for secure enclaves architecture","Card Networks (Visa, Mastercard) - Direct integration for network tokenization services launched May 2024","Multiple Payment Processors - Processor-agnostic platform compatible with Stripe, Adyen, and other PSPs","Card Issuers - Integration with various card issuing providers for card program launches","Third-party Identity Verification Providers - For KYC workflow integrations","Vercel - Integration partner with Next.js starter kit available on Vercel marketplace"]

Notable customers

["Ramp","Rippling","FlightHub","SafetyWing","CarTrawler","XP","Tebex"]

Major milestones

["Series B round of $25M led by Ribbit Capital in March 2026","Launched modular payments security platform in May 2024","Achieved HIPAA compliance and entered healthcare market in August 2021","Series A led by Index Ventures in May 2020","Seed round led by Sequoia Capital in October 2019"]

Growth metrics

Hundreds of global customers across payments, fintech, healthcare, and e-commerce sectors; Employee count of 18 as of July 2024; Launched modular payments security platform in May 2024

Market positioning

Developer-first encryption infrastructure specializing in payments security - positioned as flexible, processor-agnostic alternative to traditional tokenization platforms. Mid-market enterprise SaaS challenger serving fintech, healthcare, and e-commerce sectors with PCI DSS compliance solutions.

Geographic focus

Global with headquarters in Dublin, Ireland and San Francisco, California - serves customers across North America, Europe, and Asia-Pacific regions

Patents and IP

No publicly registered patents or patent applications disclosed as of latest available information (January 2026). The company appears to rely on trade secrets and proprietary technology rather than patent protection for their innovations.

About Shane Curran

Winner of 2017 BT Young Scientist & Technology Exhibition at age 16 for qCrypt (quantum-secure encrypted data storage project). Founded Evervault in June 2018 based on the winning technology. Featured in Forbes 30 Under 30 (2018). Secured $3.2M seed round from Sequoia Capital at age 19 (2019). Dropped out of University College Dublin business and law program to pursue Evervault full-time.

Official website: https://evervault.com