FULTON, Md.--(BUSINESS WIRE)--ENVEIL, provider of the first scalable commercial solution to cryptographically secure Data in Use, today announced that they have been named a Gold Winner for Best Security Startup in the 9th Annual Golden Bridge Awards®. These awards recognize achievements in every sector of the cybersecurity industry, highlighting organizations from around the world.
Founded in September 2016 by a seasoned team of PhD mathematicians and computer scientists from the U.S. Intelligence Community, ENVEIL’s mission is to bring the same level of security that is embedded throughout the U.S. Intelligence Community to the commercial sector. ENVEIL’s technology is powered by homomorphic encryption and protects sensitive data at all times by securing Data in Use. This stands in stark contrast to traditional encryption, which keeps data secure at rest, but requires it be decrypted in order to preform search, analytics or queries. Homomorphic encryption assures that while these processes run, the data will never be decrypted, thereby greatly improving a company’s security posture.
“We are honored to be recognized by the Golden Bridge Awards for our cutting-edge work in securing Data in Use,” said Ellison Anne Williams, CEO and Founder of ENVEIL. “We remain committed to making it possible for organizations to never decrypt their data, regardless of what stage of life it is in. We are excited to continue innovating and to leave our mark on the industry as an award-winning startup.”
There are many solutions on the market today that use encryption to secure data at rest or in transit, but only recently has the code been cracked on encrypting Data in Use, which includes day to day interactions with data like searches and analytics. In addition to filing 14 patents and bringing a new method for never decrypting data to market, ENVEIL has shown significant growth and innovation over the last 12 months. In late 2016, ENVEIL received $1M in seed funding from DataTribe and in February 2017, ENVEIL was named the youngest company to ever participate in the RSA Innovation Sandbox; they went on to place second in the competition. The use cases for ENVEIL’s technology span a wide range of large market verticals including cloud security, financial services, healthcare, cyber, audit, and supply chain.
For more information about ENVEIL, please visit www.ENVEIL.com.
ENVEIL’s technology is the first scalable commercial solution to cryptographically secure Data in Use. Powered by homomorphic encryption, ENVEIL enables enterprises to operate on both encrypted and unencrypted data in the cloud, on prem, or anywhere in between without ever revealing the content or results of operations, such as searches and analytics. ENVEIL’s solution is applicable across large market verticals, including cloud security, financial services, healthcare and supply chain. Founded by a seasoned team of mathematicians and computer scientists from the U.S. Intelligence Community, ENVEIL was one of the winners at the 2017 RSA Innovation Sandbox competition. Learn more at https://www.enveil.com.