Enveil has released version 3.0 of its flagship ZeroReveal® product line. ZeroReveal® 3.0 is the most mature encrypted search, analytic, and machine learning solution on the market, delivering the company’s core homomorphic encryption-powered capabilities through an efficient and decentralized framework designed to reduce risk and address business challenges including data sharing, collaboration, monetization, and regulatory compliance. The enhancements in this release achieve dramatic performance improvements — version 3.0 performs at speeds more than 1000x faster than the company’s initial offering released in 2017. Organizations can utilize the groundbreaking, privacy-preserving capabilities at scale to enable critical business functions as part of normal workflows.
Defining the transformative category of Privacy Enhancing Technologies (PETs), Enveil’s ZeroReveal® solutions change the paradigm of how and where organizations can securely and privately leverage data assets for business purposes — activities that are becoming increasingly challenging due to a growing demand for privacy and a corresponding expansion of the regulatory landscape. The market for these business-enabling capabilities has never been greater: Gartner analysts predict that by 2025, 50% of large organizations will adopt privacy-enhancing computation for processing data in untrusted environments and multiparty data analytics use cases (Gartner “Top Strategic Technology Trends for 2021,” Oct. 2020). Enveil is already delivering on this promise. Customers use ZeroReveal® to securely derive insights, cross-match, and search third-party data assets without ever revealing the content of the search itself or compromising the security or ownership of the underlying data.
“ZeroReveal 3.0 marks a significant milestone in our company journey and further validates that homomorphic encryption has left the sole realm of research and now has a solid footing in the land of the possible,” said Dr. Ellison Anne Williams, Founder and CEO of Enveil. “Our customers are using ZeroReveal today to uniquely solve real problems at scale, enabling business and mission functions that otherwise just cannot be done. We’re not improving existing processes; we’re making something entirely new possible.”
By focusing on the security and privacy posture of the search or analytic, Enveil ZeroReveal® protects a customer’s interests and intent as well as the content of the operation and its corresponding results. Information can be securely shared between entities and across jurisdictional boundaries, expanding data access and utility and enabling organizations to reduce risk while making faster, better-informed decisions. The proxy-layer software solution is being used for business-enabling applications in regulated industries such as financial services and healthcare.
Through its ZeroReveal® solutions, Enveil uniquely provides a decentralized approach to secure data collaboration, allowing participating entities to retain granular control and ownership of their sensitive assets — an approach that differentiates the company’s solution from other Privacy Enhancing Technology-based offerings. Since requirements to move or pool sensitive assets frequently prove to be the breaking point in collaboration efforts, Enveil removes that risk by allowing organizations to securely and privately search and share over third-party data as it is and where it is today.
“The industry has been waiting not only for homomorphic encryption to reach the computational tipping point, but also for a solution that is built with the needs of business users in mind because both are required for wide-scale use,” said Bob Ackerman, Founder & Managing Director at Allegis Capital. “The performance gains and efficiencies delivered by ZeroReveal 3.0 prove that Enveil has crossed that threshold — and the fact that the company’s approach prioritizes data control and ownership show that they understand the market in a way that will advance this category.”