# Top 50 Encryption Startups Worldwide by Funding (2026)

> The 50 best-funded encryption startups worldwide, ranked by total funding raised: $601M combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/encryption-startups (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Virtru** Virtru is a leader in data privacy, security, and encryption, focusing on Zero Trust and data-centric security.](https://millionrounds.com/company/virtru) Virtru is a leader in data privacy, security, and encryption, focusing on Zero Trust and data-centric security. *Founded* 2012 Washington, United States **$89M** last round Jul 2025
- 2 [**Aztec** Aztec is a fully decentralized, privacy-preserving Layer 2 blockchain built on Ethereum.](https://millionrounds.com/company/aztec) Aztec is a fully decentralized, privacy-preserving Layer 2 blockchain built on Ethereum. *Founded* 2017 London, United Kingdom **$63M** last round Dec 2025
- 3 [**Vormetric** Vormetric provides enterprise encryption and key management services that enable corporations to protect their data.](https://millionrounds.com/company/vormetric) Vormetric provides enterprise encryption and key management services that enable corporations to protect their data. *Founded* 2001 San Jose, United States **$45M** last round Jun 2013
- 4 [**CipherOptics** CipherOptics provides data security, network encryption, and compliance grade data protection solutions for enterprises and organizations.](https://millionrounds.com/company/cipheroptics) CipherOptics provides data security, network encryption, and compliance grade data protection solutions for enterprises and organizations. *Founded* 2000 United States **$35M** last round Jan 2011
- 5 [**Basis Theory** Basis Theory is a developer-focused data security platform that specializes in protecting sensitive information at rest.](https://millionrounds.com/company/basis-theory) Basis Theory is a developer-focused data security platform that specializes in protecting sensitive information at rest. *Founded* 2020 Midland, United States **$33M** last round Oct 2025
- 6 [**NGINX, Inc.** Nginx is an open source web server that provides load balancing, end-to-end encryption, API management and cloud computing solutions.](https://millionrounds.com/company/nginx-inc) Nginx is an open source web server that provides load balancing, end-to-end encryption, API management and cloud computing solutions. *Founded* 2011 San Francisco, Russia **$33M** last round Dec 2014
- 7 [**Baffle** Baffle simplifies security for enterprise and customer data in the cloud by delivering application level encryption on a per field basis via a no code model.](https://millionrounds.com/company/baffle) Baffle simplifies security for enterprise and customer data in the cloud by delivering application level encryption on a per field basis via a no code model. *Founded* - United States **$29M** last round Aug 2021
- 8 [**Evervault** Evervault is a Dublin-based cybersecurity and data infrastructure company founded in 2019.](https://millionrounds.com/company/evervault) Evervault is a Dublin-based cybersecurity and data infrastructure company founded in 2019. *Founded* 2019 New York, United States **$28M** last round Mar 2026
- 9 [**Axiad** Axiad is a leading identity security company founded in 2010, specializing in encryption, authentication, and credential management.](https://millionrounds.com/company/axiad) Axiad is a leading identity security company founded in 2010, specializing in encryption, authentication, and credential management. *Founded* 2010 San Jose, United States **$25M** last round Jul 2024
- 10 [**PreVeil** PreVeil is a Boston-based cybersecurity company founded in 2015, focused on enhancing security for business and personal communications.](https://millionrounds.com/company/preveil) PreVeil is a Boston-based cybersecurity company founded in 2015, focused on enhancing security for business and personal communications. *Founded* 2015 Boston, United States **$20M** last round Oct 2022
- 11 [**Venari Security** Venari Security is a leading provider of Adaptive Cryptographic Intelligence, focused on helping enterprise organizations manage their encrypted data with confidence.](https://millionrounds.com/company/venari-security) Venari Security is a leading provider of Adaptive Cryptographic Intelligence, focused on helping enterprise organizations manage their encrypted data with confidence. *Founded* 2021 London, United Kingdom **$19M** last round Jun 2026
- 12 [**Zettaset** Zettaset is a data protection company based in Mountain View, California, that specializes in high-performance encryption solutions.](https://millionrounds.com/company/zettaset) Zettaset is a data protection company based in Mountain View, California, that specializes in high-performance encryption solutions. *Founded* 2023 Pleasanton, United States **$16M** last round Apr 2013
- 13 [**Ockam** Ockam is a cybersecurity company based in San Francisco, founded in 2017.](https://millionrounds.com/company/ockam) Ockam is a cybersecurity company based in San Francisco, founded in 2017. *Founded* 2017 San Francisco, United States **$16M** last round Jan 2022
- 14 [**Crypto Quantique** Crypto Quantique offers hardware based cyber-security solution for authentication and encryption in a wired local network.](https://millionrounds.com/company/crypto-quantique) Crypto Quantique offers hardware based cyber-security solution for authentication and encryption in a wired local network. *Founded* 2015 City Of London, United Kingdom **$15M** last round Dec 2023
- 15 [**Arqit** Arqit develops a quantum encryption platform.](https://millionrounds.com/company/arqit) Arqit develops a quantum encryption platform. *Founded* 2016 London, United Kingdom **$14M** last round Sept 2024
- 16 [**Wave Systems** Wave Systems develops hardware-based digital security solutions for encryption, authentication, malware detection and data loss protection.](https://millionrounds.com/company/wave-systems) Wave Systems develops hardware-based digital security solutions for encryption, authentication, malware detection and data loss protection. *Founded* 1988 Austin, United States **$12M** last round Mar 2013
- 17 [**Witkit Inc.** Witkit is an all-in-one workplace collaboration platform that offers an end-to-end data encryption service between businesses.](https://millionrounds.com/company/witkit-inc) Witkit is an all-in-one workplace collaboration platform that offers an end-to-end data encryption service between businesses. *Founded* 2012 Vancouver, Canada **$11M** last round Jan 2015
- 18 [**Cy4Data Labs** Cy4Data Labs is a data security software company specializing in atomic-level encryption to protect data in use, in flight, and at rest across various environme](https://millionrounds.com/company/cy4data-labs) Cy4Data Labs is a data security software company specializing in atomic-level encryption to protect data in use, in flight, and at rest across various environme *Founded* - San Jose, United States **$10M** last round Apr 2025
- 19 [**Mind Network** Mind Network is a pioneer FHE (Fully Homomorphic Encryption) infrastructure for a Fully Encrypted Web by enabling quantum-resistant, fully encrypted data and AI](https://millionrounds.com/company/mind-network) Mind Network is a pioneer FHE (Fully Homomorphic Encryption) infrastructure for a Fully Encrypted Web by enabling quantum-resistant, fully encrypted data and AI *Founded* 2022 Washington, United Kingdom **$10M** last round Sept 2024
- 20 [**Opscura** Opscura develops technological solutions that allow the encryption of information in real-time.](https://millionrounds.com/company/opscura) Opscura develops technological solutions that allow the encryption of information in real-time. *Founded* 2011 Oakland, United States **$9.4M** last round Feb 2023
- 21 [**Speek** Speek is a decentralized, privacy-focused messaging platform designed for secure communication.](https://millionrounds.com/company/speek) Speek is a decentralized, privacy-focused messaging platform designed for secure communication. *Founded* 2012 Cologne, United States **$9.3M** last round Mar 2014
- 22 [**Aqex Technologies** Aqex Technologies is an encryption service provider that aims to bring professional trading services.](https://millionrounds.com/company/aqex-technologies) Aqex Technologies is an encryption service provider that aims to bring professional trading services. *Founded* 2019 London, United Kingdom **$7.5M** last round May 2023
- 23 [**Tinfoil** Tinfoil is a software development company based in San Francisco, founded in 2024.](https://millionrounds.com/company/tinfoil) Tinfoil is a software development company based in San Francisco, founded in 2024. *Founded* 2024 San Francisco, United States **$7.1M** last round Jul 2025
- 24 [**Ryodan Systems** Ryodan develops zkRollup to construct an infrastructure on Ethereum encryption technology, achieving no gas costs and data sovereignty.](https://millionrounds.com/company/ryodan-systems) Ryodan develops zkRollup to construct an infrastructure on Ethereum encryption technology, achieving no gas costs and data sovereignty. *Founded* - Lucerne, Switzerland **$4.9M** last round Apr 2023
- 25 [**Sunscreen** Sunscreen is a cryptography company that translates frontier Fully Homomorphic Encryption (FHE) research into production-ready tooling.](https://millionrounds.com/company/sunscreen) Sunscreen is a cryptography company that translates frontier Fully Homomorphic Encryption (FHE) research into production-ready tooling. *Founded* - San Francisco, United States **$4.7M** last round Jul 2022
- 26 [**Iothic** Iothic provides end-to-end fully decentralised post-quantum resistant authentication, encryption, and full p2p network interoperability.](https://millionrounds.com/company/iothic) Iothic provides end-to-end fully decentralised post-quantum resistant authentication, encryption, and full p2p network interoperability. *Founded* 2017 Oxford, United Kingdom **$4.7M** last round Sept 2026
- 27 [**Atakama** Enhanced Information Security Through Multi-Factor Encryption](https://millionrounds.com/company/atakama) Enhanced Information Security Through Multi-Factor Encryption *Founded* 2023 New York, United States **$4.4M** last round Mar 2024
- 28 [**Confide** Confide is a messaging platform that relies on public and private encryption keys to keep messages secret while they’re in transit.](https://millionrounds.com/company/confide) Confide is a messaging platform that relies on public and private encryption keys to keep messages secret while they’re in transit. *Founded* 2013 New York, United States **$3.5M** last round Mar 2016
- 29 [**DataKrypto** DataKrypto is a cloud encryption company that provides image, mail, mobile, and identity products.](https://millionrounds.com/company/datakrypto) DataKrypto is a cloud encryption company that provides image, mail, mobile, and identity products. *Founded* 2021 Rome, Italy **$3.3M** last round Mar 2024
- 30 [**Cellcrypt** Cellcrypt provides Security-as-a-Service (SECaaS) solutions that provide mutual authentication and end-to-end encryption for any type of data in motion.](https://millionrounds.com/company/cellcrypt) Cellcrypt provides Security-as-a-Service (SECaaS) solutions that provide mutual authentication and end-to-end encryption for any type of data in motion. *Founded* 2009 Hanover, United Kingdom **$3.1M** last round Jan 2007
- 31 [**CipherStash** CipherStash is a cybersecurity company based in Sydney, Australia, founded in 2020.](https://millionrounds.com/company/cipherstash) CipherStash is a cybersecurity company based in Sydney, Australia, founded in 2020. *Founded* 2020 Sydney, Australia **$3.0M** last round Oct 2023
- 32 [**Fairblock** Fairblock is a decentralized confidentiality network focused on confidential computing for blockchain and open finance applications.](https://millionrounds.com/company/fairblock) Fairblock is a decentralized confidentiality network focused on confidential computing for blockchain and open finance applications. *Founded* 2023 Toronto, Canada **$2.5M** last round Oct 2023
- 33 [**PrivateCore** PrivateCore enables enterprises to deploy servers in outsourced environments while maintaining data security.](https://millionrounds.com/company/privatecore) PrivateCore enables enterprises to deploy servers in outsourced environments while maintaining data security. *Founded* 2011 Palo Alto, United States **$2.3M** last round Jun 2012
- 34 [**DataLocker** DataLocker is a global leader in hardware-based encryption solutions, focusing on USB security, encrypted storage devices, and cloud encryption gateways.](https://millionrounds.com/company/datalocker) DataLocker is a global leader in hardware-based encryption solutions, focusing on USB security, encrypted storage devices, and cloud encryption gateways. *Founded* 2007 Overland Park, United States **$1.6M** last round Apr 2010
- 35 [**Tech Bureau** Tech Bureau provides cryptographic currency and Blockchain technology using exchange API to handle currency encryption.](https://millionrounds.com/company/tech-bureau) Tech Bureau provides cryptographic currency and Blockchain technology using exchange API to handle currency encryption. *Founded* 2014 Japan **$768K** last round Nov 2017
- 36 [**Criptext** Criptext is a private technology company specializing in encrypted email and secure communications.](https://millionrounds.com/company/criptext) Criptext is a private technology company specializing in encrypted email and secure communications. *Founded* 2014 New York, United States **$750K** last round Jun 2015
- 37 [**GUN** Data Synchronization Solutions for AI, ML, IoT, edge, graphs, encryption, P2P, and blockchain.](https://millionrounds.com/company/gun) Data Synchronization Solutions for AI, ML, IoT, edge, graphs, encryption, P2P, and blockchain. *Founded* 2014 - **$723K** last round May 2018
- 38 [**Eluvium** Eluvium is a data protection and password management software that uses encryption to protect files and private information from misuse.](https://millionrounds.com/company/eluvium) Eluvium is a data protection and password management software that uses encryption to protect files and private information from misuse. *Founded* 2017 United Kingdom **$700K** last round Feb 2025
- 39 [**CipherApps** CipherApps is a startup that wants to bring encryption to the masses.](https://millionrounds.com/company/cipherapps) CipherApps is a startup that wants to bring encryption to the masses. *Founded* 2013 Dublin, Ireland **$557K** last round Dec 2013
- 40 [**Cyph** Stupid easy quantum-resistant encryption built by former SpaceX engineers.](https://millionrounds.com/company/cyph) Stupid easy quantum-resistant encryption built by former SpaceX engineers. *Founded* 2014 Vienna, United States **$500K** last round Sept 2015
- 41 [**TokenEx** TokenEx is a cloud security and data protection company that specializes in tokenization, encryption, and key management technologies.](https://millionrounds.com/company/tokenex) TokenEx is a cloud security and data protection company that specializes in tokenization, encryption, and key management technologies. *Founded* 2010 Tulsa, United States **$500K** last round Dec 2012
- 42 [**Blyss** Blyss offers homomorphic encryption to secure user data.](https://millionrounds.com/company/blyss) Blyss offers homomorphic encryption to secure user data. *Founded* 2022 San Francisco, United States **$500K** last round Apr 2023
- 43 [**Binarii Labs** Binarii Labs is a Dublin-based technology company founded in 2021, specializing in sovereign data security solutions powered by blockchain.](https://millionrounds.com/company/binarii-labs) Binarii Labs is a Dublin-based technology company founded in 2021, specializing in sovereign data security solutions powered by blockchain. *Founded* 2021 Dublin, Ireland **$434K** last round Jul 2024
- 44 [**Dark Mail Alliance** Dark Mail Alliance offers an innovative email protocol with integrated automatic encryption facilities.](https://millionrounds.com/company/dark-mail-alliance) Dark Mail Alliance offers an innovative email protocol with integrated automatic encryption facilities. *Founded* 2017 - **$212K** last round Nov 2013
- 45 [**CUPP Computing** THE FIRST HARDWARE SECURITY ENGINE FOR MOBILE.](https://millionrounds.com/company/cupp-computing) THE FIRST HARDWARE SECURITY ENGINE FOR MOBILE. *Founded* 2004 Palo Alto, Norway **$200K** last round Oct 2010
- 46 [**SIPPA Solutions** SIPPA Health Informatics Platform provides an integrated solution comprised of behavioral predictive analytics, chatbot and biometric encryption to help patient](https://millionrounds.com/company/sippa-solutions) SIPPA Health Informatics Platform provides an integrated solution comprised of behavioral predictive analytics, chatbot and biometric encryption to help patient *Founded* 2013 New York, United States **$200K** last round Mar 2021
- 47 [**Mailpile** Mailpile provides online email services and a saving feature in an internet server mailbox with encryption and privacy features.](https://millionrounds.com/company/mailpile) Mailpile provides online email services and a saving feature in an internet server mailbox with encryption and privacy features. *Founded* 2013 Reykjavik, Iceland **$163K** last round Sept 2013
- 48 [**Forkbomb** Forkbomb Provides encryption, identity, and blockchain interoperability components and solutions.](https://millionrounds.com/company/forkbomb) Forkbomb Provides encryption, identity, and blockchain interoperability components and solutions. *Founded* 2022 Amsterdam, Netherlands **$127K** last round Jul 2024
- 49 [**Axion Technologies** Axion Technologies is a cybersecurity company focused on developing novel encryption and authentication technology for computing systems.](https://millionrounds.com/company/axion-technologies) Axion Technologies is a cybersecurity company focused on developing novel encryption and authentication technology for computing systems. *Founded* 2016 Tallahassee, United States **$100K** last round Oct 2022
- 50 [**Skycryptor** Skycryptor is the long-awaited cloud encryption gateway for Dropbox and Google Drive providing seamless end-to-end encryption for user data.](https://millionrounds.com/company/skycryptor) Skycryptor is the long-awaited cloud encryption gateway for Dropbox and Google Drive providing seamless end-to-end encryption for user data. *Founded* 2015 Armenia **$100K** last round Apr 2015

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose own description names this theme, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

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