Vaultree raises $12.8M to let companies more easily work with encrypted data

Several years ago, on a dairy farm in the small Irish village of Dundrum, four technologists — Maxim Dressler, Ryan Lasmaili, Shaun Mc Brearty and Tilo Weigandt — brainstormed solutions for what they saw as a fundamental problem in data security: unencrypted text files. According to a 2016 survey commissioned by CyberArk, 40% of organizations store admin passwords in a Word document. A separate study from Entrust, published in 2021, found that only 42% of organizations use encryption to secure customer data.
Spurred by the trends (and the large addressable market), Dressler, Lasmai

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