homomorphic-encryption
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The $40 Million Bet on Asking Questions Nobody Can See
Enveil turned a painfully slow branch of cryptography into enterprise software for banks, healthcare teams, and the military. Its clever trick is simple to describe and hard to build: use the data, reveal neither the question nor the answer.
Velum Labs
Velum Labs is a Y Combinator-backed San Francisco startup building an operating system for data quality. Its platform continuously watches a company's data stack, catches when metrics and definitions diverge, traces the root cause through query lineage, proposes automated fixes, and then writes enforceable data contracts so the same break does not recur. Founded in 2025 by Chilean-born childhood friends Benjamin Munoz-Cerro (CEO) and Alen Rubilar-Munoz (CTO), the company is already in production at regulated fintechs monitoring 200+ tables tied to more than $1B in assets.
VIA
VIA (VIA Science, Inc.) is a Somerville, Massachusetts Web3 company building a decentralized, quantum-resistant, passwordless platform that lets governments and enterprises share and analyze sensitive data without exposing it. Backed by 18 issued patents, VIA is the first blockchain application to earn U.S. Department of Defense-wide cybersecurity accreditation, and its tools protect data and identities for the DoD, Fortune 100 firms, and energy utilities worldwide.
Alon Webman
Alon Webman is the co-founder and CEO of Chain Reaction, an Israeli semiconductor company building purpose-built chips for encrypted computation, Bitcoin mining, and privacy-preserving AI. Before Chain Reaction, he co-founded Mellanox Technologies in 1999 and spent nearly two decades there, rising to VP-level roles before NVIDIA acquired Mellanox for $7 billion in 2020. A Technion graduate, Webman is now betting his second act on making fully homomorphic encryption practical at scale - a technology that would let clouds compute on data they can never see.