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Evident Launches with $8.8M in Series A Funding Led by NEA

Tuesday, September 19, 2017   (0 Comments)
Posted by: Péralte Paul
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[caption id="attachment_23491" align="alignright" width="295"]David Thomas headshot David Thomas, founder and CEO of Evident, an ATDC Signature portfolio company.[/caption]

 

Evident, a leading cybersecurity solution for managing and sharing personal data, announced its launch and $8.8 million in Series A financing led by New Enterprise Associates (NEA). Additional participation came from cybersecurity pioneers Tom Noonan, former CEO of ISS, Lane Bess, former CEO of Palo Alto Networks, and Mike Potts, former CEO of Lancope, as well as industry experts Ashish Mistry of BLH Ventures and Todd Nightingale, senior vice president and general manager of Cisco Meraki.

A member company of the Advanced Technology Development Center's ATDC Signature portfolio of startups, Evident’s innovative cloud-based approach to data sharing and cryptography offers businesses a solution to verify data without the need to handle or hold users’ sensitive personal information. According to the Pew Research Foundation, roughly half of Americans feel that their personal information is less secure than it was five years ago.  This means companies will need to work even harder to protect their users’ data in order to avoid the increasing risk that comes with handling personally identifiable information. Evident was created to bring confidence and assurance to every personal data interaction.

“Evident has developed a simple, secure API solution that allows companies to access personally identifiable information while reducing risk of security threats,” said Vanessa Larco, partner at NEA. “Personal data security is becoming increasingly critical across industries. We are excited to partner with the Evident team as they work to revolutionize personal information verification.”

With the need for personal data security growing, Evident helps businesses reduce the friction and liability associated with collecting and managing personal information. Evident currently serves customers in 65 cities across 23 countries.

“As we scale our business, Evident gives us a seamless and secure way to get the verified information we need, improving the experience and peace of mind of our community of parents and babysitters,” said Pam Janusz, vice president of member services at UrbanSitter.

“Marsh is constantly looking for innovative solutions that reduce our customer’s’ risk. Evident helps some of our largest customers verify facts about their communities that no other provider can verify, and they do it without requiring our customers to collect volumes of sensitive documentation,” said Jose Heftye, managing director at Marsh Risk & Insurance Services.

“Our mission is to enable businesses and individuals to safely and securely share verified personal information,” said David Thomas, Evident's founder and CEO. “With our simple API integration, businesses are able to get more of the evergreen answers they need, reducing their exposure and removing friction from their process without ever having to hold or manage personally identifiable information.”



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