Vaultree develops software that lets companies process, search and analyze fully encrypted data using homomorphic encryption without decrypting it. The company offers its technology as a SaaS product, is a Google Cloud partner, and provides an SDK for on-premises integration so customers can slot the tech into existing stacks and databases. Vaultree says its platform preserves operational performance and that it does not hold client data or encryption keys, leaving control with the enterprise. The company acknowledges general limits of homomorphic encryption (larger encrypted files, poorer performance for heavy compute workloads, and no native verified-computing guarantees) while positioning its implementation as better-than-average. Vaultree has 48 staff and reports onboarding several multinational healthcare and financial customers, but declined to disclose customer counts, early revenue or burn rate. The company plans to iterate features, expand database support and pursue continued R&D and patent registrations as it prepares for general availability after a months-long beta. Vaultree is an Irish startup that provides Encryption-as-a-Service (EaaS) and privacy-enhancing technology (PET) with an off-the-shelf product for protecting sensitive information. Its platform uses proprietary Enhanced Searchable Symmetric Encryption (ESSE) — patent pending — and Fully Homomorphic Encryption (FHE) to let companies process data while it remains encrypted without revealing sensitive information. The technology is designed to operate at scale, supporting billions of data sets without the performance degradation typical of many encryption solutions. With the new funding, Vaultree will continue developing a market-ready product and expand its storage and data-protection offerings that are scalable, fast, and easy to integrate. The company plans to grow its team with hires in engineering, cryptography, sales, and customer support and has chosen Brazil as the starting point for operations in Latin America. Advisors including Sarah Armstrong-Smith have commented on the platform's potential to reduce cyberattacks and data breaches by enabling fully encrypted processing.

Total raised

$16M

Funding rounds

2

Latest round

Series A

Latest activity

Dec 2022