Vaultree is a Cork, Ireland-based cybersecurity startup founded in 2020 that develops the world's first fully functional data-in-use encryption solution, enabling real-time processing, search, and computation on encrypted data at scale without decryption.[1][2][3][4] Its core product is a user-friendly SDK with database drivers and server-side libraries that integrate seamlessly into existing tech stacks, serving regulated industries like finance, healthcare, insurance, pharma, energy, and telecom that handle sensitive data under GDPR, HIPAA, PCI-DSS, and similar rules.[1][2][5] Vaultree solves the core vulnerability in traditional encryption—data exposure during "in-use" processing—by combining patented Searchable Encryption (SE) and Fully Homomorphic Encryption (FHE) for performance comparable to unencrypted data, driving cost savings, compliance, and AI/ML applications on encrypted datasets.[3][5][9] The company has raised $16 million, secured partnerships with Google AlloyDB/Cloud SQL and Qrypt, won awards like Cybersecurity Excellence and World Economic Forum Technology Pioneer, and recently open-sourced core tech to accelerate adoption.[1][2][6]
Vaultree was founded in 2020 on a dairy farm in Ireland by CEO Ryan Lasmaili, Tilo Weigandt, Shaun McBrearty, and Maxim Dressler, emerging from cryptographic breakthroughs addressing encryption's performance-security trade-offs amid rising cyber threats and regulations.[4] Lasmaili, with a background in tech entrepreneurship, led the vision for persistent encryption even during data use, solving industry pain points like decryption vulnerabilities in databases.[1][3] Early traction included an EIC grant as Ireland's sole recipient, Google partnerships, a Series A round, and SentinelOne/S Ventures investment, culminating in 2023 WEF recognition and 2024 open-sourcing of computation tech.[1][3][6] These milestones validated Vaultree's shift from research to scalable SDK deployment across North America, EU, and Latin America.[3][4]
Vaultree stands out in data encryption through breakthrough innovations:
Vaultree rides the privacy-enhancing technologies (PETs) wave, fueled by exploding data volumes, AI demands, and regulations like GDPR amid cybercrime surges and public data exhaustion for LLMs by 2026.[4][6] Its timing aligns with FHE's maturation, overcoming prior scalability hurdles to make enterprise-grade data-in-use encryption viable, shifting from "security vs. performance" trade-offs.[3][9] Market forces like cloud misconfigurations, credential leaks, and AI privacy needs favor Vaultree, influencing the ecosystem by enabling secure federated analytics, compliant data collaboration, and private data use in models—pushing mass PET adoption in regulated sectors.[2][5][6]
Vaultree is poised to dominate data-in-use encryption as AI and regulations demand always-secure processing, with its open-source move accelerating developer adoption and roadmap features like vector databases and deeper multiplications.[6] Trends like LLM private data training and zero-trust mandates will propel growth, potentially expanding influence via more hyperscaler integrations and patents. As the sole scalable FHE-SE hybrid, Vaultree could redefine cybersecurity, turning persistent encryption into a standard—unlocking data's value without breach risks, much like its SDK unlocks encrypted databases today.[1][3][9]
Vaultree has raised $13.0M in total across 1 funding round.
Vaultree's investors include 01 Advisors, AAF Management Ltd., AirAngels, Andreessen Horowitz, Backed VC, Basecamp Fund, Brainchild, CrunchFund, Founder Collective, Incisive Ventures, KW Angel Fund, Long Journey Ventures.
Vaultree has raised $13.0M across 1 funding round. Most recently, it raised $13.0M Series A in December 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2022 | $13.0M Series A | 01 Advisors, AAF Management Ltd., AirAngels, Andreessen Horowitz, Backed VC, Basecamp Fund, Brainchild, CrunchFund, Founder Collective, Incisive Ventures, KW Angel Fund, Long Journey Ventures, Pioneer Square Labs, Shrug Capital, Supernode Ventures, Todd and Rahul's Angel Fund, VZVC, Wave Capital, What If Ventures, Bradley Horowitz, Brendan O'Driscoll, Mario Gabriele, Matteo Franceschetti, Matthew Dellavedova, Moshe Lifschitz, Scott Banister |