PreVeil, a Boston, MA-based provider of cloud based end-to-end encrypted email and file collaboration solutions, raised $20M in Series C funding.
The round was led by PSG.
The company intends to use the funds to accelerate growth and expansion into new markets, and increase its customer base in additional sectors, including professional services, financial services and healthcare.
Led by Founder, CEO and President Randy Battat, PreVeil empowers companies to protect emails and files to securely communicate both within the organization as well as with contractors, vendors and third parties. It takes a Zero Trust approach to data security and assumes that servers, passwords, and IT administrators will be inevitably compromised. All messages and documents sent through PreVeil are encrypted end-to-end, ensuring only intended recipients — and no one else, not even PreVeil — can access the data. PreVeil offers compliance, supply chain, business data, work from home and industry-specific solutions. It is integrated into existing enterprise systems like Microsoft’s O365 and Google’s GSuite for ease of use and deployment.
Customers include Aerospace and Defense companies and Universities that need to protect sensitive data such as Controlled Unclassified Information (CUI) to comply with the US Department of Defense’s Cybersecurity Maturity Model Certification (CMMC), the NIST 800-171 standard, and International Traffic in Arms Regulation (ITAR) regulations.