Enveil, a Washington D.C. metro area-based data security company, secured $4m in strategic funding.
Backers included Thomson Reuters and a USAA affiliate as well as additional investment from Bloomberg Beta and DataTribe.
The company intends to use the funds to enhance its innovative platform, expand operations, and execute a go-to-market strategy that will increase availability for commercial and government enterprises globally.
Led by Ellison Anne Williams, Founder and CEO, Enveil provides a platform which protects data while it is in use, allowing enterprises to securely operate on both encrypted and unencrypted data in the Cloud, on premise, or anywhere in between. The company, which received $1m in seed funding from DataTribe in late 2016, mainly serves customers in the financial industry with use cases including secure data monetization, crown jewel data protection, secure cloud migration, and regulatory and compliance liability reduction around issues such as GDPR.