# Evervault Raises $25M to Scale Its 'secure-by-default' Approach to Payment Data Encryption

> **Platform:** [SPIDITS AI](https://spidits.com/) — Real-Time AI News & Market Intelligence  
> **Published:** 2026-03-05T12:00:00.000Z  
> **Category:** FUNDING  
> **Impact Score:** 140/100  
> **Primary Source:** [SiliconANGLE](https://siliconangle.com/2026/03/05/evervault-raises-25m-scale-secure-default-approach-payment-data-encryption)  
> **Canonical Citation:** [https://spidits.com/timeline/evervault-raises-25m-to-scale-its-secure-by-default-approach-to-payment](https://spidits.com/timeline/evervault-raises-25m-to-scale-its-secure-by-default-approach-to-payment)

## Executive Summary
Payment data encryption startup Evervault Inc. said today it's aiming to become the internet's "clearing house for sensitive data" after raising $25 million in a Series B round of funding.

## Referenced Coverage & Sources
- **[SiliconANGLE](https://siliconangle.com/2026/03/05/evervault-raises-25m-scale-secure-default-approach-payment-data-encryption)**: Evervault raises $25M to scale its 'secure-by-default' approach to payment data encryption — _Payment data encryption startup Evervault Inc. said today it's aiming to become the internet's "clearing house for sensitive data" after raising $25 million in a Series B round of funding. The round was led by Ribbit Capital and saw participation from Sequoia Capital and Index Ventures, bringing..._

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