Evervault, a startup based in Dublin and New York, has announced a €21 million funding round. The company focuses on end-to-end encryption of payment data, with the goal of simplifying PCI compliance for its customers.

Focus on encryption

Evervault's value proposition lies in its ability to protect credit card data throughout the entire transaction lifecycle. This approach aims to significantly reduce security risks and costs associated with managing sensitive information.

Growing numbers

According to reports, Evervault processes transactions worth over €4.2 billion monthly. The company estimates that its services allow customers to save an average of €86,000 on PCI compliance costs. For those evaluating on-premise deployments, there are trade-offs that AI-RADAR analyzes in detail at /llm-onpremise.