May 26, 2020

Evervault Raises $16 Million for Privacy Tech

Evervault Raises $16 Million for Privacy Tech

Venture Beat

Yesterday was the second anniversary of the go-live date for the European Union’s General Data Protection Regulation (GDPR), so it’s fitting that we have privacy news. First is a $16 million raise by Evervault, which promises to keep personal date safely encrypted and only allow API calls to process it within “privacy cages” that do not expose the unencrypted contents. Companies would not store any sensitive data and thus avoid most burdens of GDPR compliance, the company says.

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Skyflow Raises $7.5 Million for More Privacy Tech

Skyflow

Skyflow just raised $7.5 million for its own privacy, which also stores sensitive data for clients and allows access through API calls. Details are not clear so we can’t judge how it differs from Evervault’s approach. But in any case, API-based privacy systems are officially a Thing./p>

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Trust Stamp Raises Funds for Privacy-Safe Identity Verification

Globe Newswire

Trust Stamp preserves privacy with a biometric-based identity token that’s unique for each individual but doesn’t reveal any personal information. This lets companies identify shared customers and authenticate individual identities without exposing personal data. They launched a Seedvest campaign last week which has so far raised $2.7 million of a $5.6 million goal, plus another $2.6 million from private investors.

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