- Evervault, a knowledge privateness administration platform, simply raised $3.2 million in seed funding from legendary Silicon Valley funds together with Sequoia Capital and Kleiner Perkins.
- The corporate was solely based earlier this yr in Dublin, Eire by 19 year-old entrepreneur Shane Curran.
- Now the startup hopes to develop its crew of builders after receiving Sequoia’s first seed funding outdoors of the US.
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Main US enterprise capital investor Sequoia Capital has made its first seed funding outdoors of the USA to again 19-year-old Irish CEO Shane Curran in a $3.2 million spherical.
Curran, who based cybersecurity startup Evervault earlier this yr, pitched for funding to construct out a crew of builders for his startup. Kleiner Perkins, Frontline and SV Angel additionally participated within the spherical.
Evervault guarantees safe cloud infrastructure for app builders. It is not publicly accessible but, however would-be prospects can be a part of the startup’s waitlist. Information breaches from poor safety or hacking have develop into a serious drawback for companies of every kind with thousands and thousands of passwords and different delicate info leaked yearly. In August, Amazon’s extensively used AWS cloud service got here below scrutiny after an enormous breach at credit score supplier Capital One.
It is nonetheless fairly uncommon for Silicon Valley funds to put money into early-stage European corporations, not to mention an entrepreneur as younger as Curran. The 19 yr outdated was finding out enterprise and regulation at College School Dublin, however has put his research on maintain to deal with Evervault.
He has had a meteoric rise to prominence on the earth of tech. He gained the 2017 BT Younger Scientist & Know-how Exhibition for analysis in cryptography and information privateness whereas he was nonetheless in highschool in Dublin. He has commonly spoken at tech conferences which elevated his profile and attracted traders.
“The fundraising process is very time consuming when you’re trying to run a business so there’s a sense of relief that it’s done,” Curran informed Enterprise Insider in an interview. “Having great investors around you is a real comfort blanket and means we have the support to build out our engineering team in Dublin.”
Evervault will be built-in into builders’ software program by way of an API and might be a key step in direction of improved information privateness.
“Shane has a special combination of clear vision, deep thoughtfulness and insatiable curiosity,” mentioned Stephanie Zhan, companion at Sequoia in a launch. “We are thrilled to partner with Evervault at the seed, to solve for today’s massive data breaches and build simple developer tools for data privacy.”
You may try the corporate’s first pitch deck under:
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