If you’ve spent any time following gaming news in early 2026, you might think the end of Xbox is right around the corner. Between reports of a 32% year-over-year drop in hardware revenue, the sudden departure of longtime Xbox boss Phil Spencer, and wild speculation that Microsoft might pivot the entire gaming division toward AI, the internet has been flooded with dramatic takes about the “death of Xbox.”
Official Xbox Podcast
But the eulogies are premature. Despite the noise, Xbox still sits on one of the most powerful portfolios in gaming, including Halo, Forza, Gears of War, Call of Duty, Minecraft, and more. Microsoft also has the financial backing, infrastructure, and studio network to remain a major player for decades. The real issue isn’t survival, but identity.
You see, for several years, Xbox leadership pushed an ambitious idea that “every screen is an Xbox.” The strategy expanded the brand through cloud gaming, PC integration, and Game Pass across multiple platforms. While that approach broadened reach, it also created confusion about what Xbox actually is. Now, under the new leadership of Microsoft Gaming CEO Asha Sharma, the company appears to be acknowledging that confusion and attempting a course correction.
Sharma recently confirmed Project Helix, the codename for Xbox’s next-generation hardware, promising a device that will “lead in performance and play your Xbox and PC games.” That announcement alone signals a shift in direction. Xbox isn’t ending, but it is entering a critical rebuilding phase. And if the company wants to return to its former glory, experts and players alike largely agree that three major changes are essential.
1. Nail the execution of Project Helix
One of the biggest challenges Xbox faces today is simple: many players aren’t sure why they should buy an Xbox console anymore.
If the same games appear on PC, and sometimes even on rival platforms, what makes the Xbox console special? That’s where Project Helix could become the most important product Microsoft has released in years. Rumored for a 2027 launch, Helix is expected to be a hybrid system, essentially a powerful AMD-powered console running a “console-ized” version of Windows. The promise is compelling: the simplicity of a traditional console combined with the flexibility of a gaming PC.
Imagine a device that boots straight into a controller-friendly interface but also lets players access platforms like Steam or Epic from the living room. If done right, Helix could blur the line between PC and console in a way no competitor currently offers. But execution will determine everything. Helix must never feel like a desktop computer awkwardly connected to a TV. Instead, it needs to launch into a seamless controller-first experience, as the “Xbox Full Screen Experience” we saw on the ROG Xbox Ally, preserving the plug-and-play simplicity that console players expect.
If Microsoft can successfully merge the PC and console ecosystems without sacrificing ease of use, Helix won’t just save Xbox hardware, but it could redefine what a console is. Yes, it’s likely going to be expensive, with rumors suggesting a price tag that could cross the $1,000 mark. But Xbox could still justify that premium if it delivers on the other two pillars that matter just as much.
2. Let the studios deliver the games
The second major fix is both obvious and unavoidable: Xbox needs more great games, more consistently.
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Over the past decade, Microsoft has spent nearly $100 billion acquiring studios, including Bethesda and Activision Blizzard. On paper, that gives Xbox one of the strongest first-party lineups in gaming history. Yet the results have been uneven. Franchises like Halo, Gears of War, and Forza, once the backbone of the platform, have seen long development gaps. Meanwhile, studio closures, layoffs, and shifting corporate priorities have created uncertainty inside Microsoft’s gaming division.
Halo
To further add to the injury, when Sharma took over, some players worried that her background in AI-driven tech companies might push Xbox toward algorithm-generated content. Thankfully, she has quickly pushed back on that idea, stating that Microsoft will not “chase short-term efficiency or flood our ecosystem with soulless AI slop.” Now the company needs to prove it.
Xbox
Microsoft now owns some of the most talented developers in the world. What they need most is stability. Fewer shifting mandates, fewer corporate interruptions, and enough time to create the kind of system-defining games that drive entire console generations. Because ultimately, subscriptions and hardware don’t sell themselves. Great games do. The upcoming Forza Horizon 6 is already generating plenty of buzz and appears well on track to be a major success. However, Microsoft will need a steady stream of titles, especially strong exclusives, if it hopes to match the kind of consistent first-party momentum Sony has built on the PlayStation side.
3. Rebuild the culture around Xbox
Finally, there’s one part of the Xbox experience that often gets overlooked: the community culture. For many fans, the Xbox 360 era still feels like the golden age of the platform. Profiles felt personal, avatars actually mattered, and the dashboard felt like a social space where gamers could hang out. It wasn’t just a storefront pushing subscriptions and ads.
Xbox 360
Over time, much of that personality has disappeared. Today, the Xbox dashboard is often criticized for feeling cluttered with Game Pass promotions and advertisements. Across communities like Reddit, ResetEra, and Xbox Insider forums, the message from players is clear: bring back the personality. Fans want things like dynamic themes, meaningful achievement rewards, deeper avatar integration, and more ways to personalize the UI so the console feels like their space again.
Billy Freeman / Unsplash
Players are also asking Xbox to double down on something it once did better than anyone else: game preservation. The Backward Compatibility program was hugely popular, and with Activision Blizzard now under Microsoft’s umbrella, fans want to see classic titles return. If Xbox can become the place where decades of gaming history remain playable on modern hardware, it could turn preservation into one of its biggest strengths.
The road back
Long story short, Xbox isn’t going anywhere anytime soon. The brand still holds enormous influence in the gaming industry, backed by Microsoft’s resources and a massive network of studios and services. However, the platform is at a turning point.
For Xbox to truly thrive again, the solution isn’t chasing every new trend. It’s about focusing on the basics: delivering great games consistently, launching a strong next-generation hardware platform, and reconnecting with the community that built the brand. If Microsoft gets these fundamentals right, the “Xbox is dying” narrative could quickly fade, and the next chapter of Xbox might end up being its most exciting yet.
Haier has introduced the Couture Care Collection, a two-product premium fabric care range comprising a stacked Laundry Centre and a wardrobe-style Clothes Drying Closet.
It’s a little boujee, but the collection is focused on offering complete fabric care for your clothes, rather than just traditional wash and dry functionality.
That’s because the Couture Care Collection 11 Laundry Centre combines washing and drying in a space-saving stacked format, with AI-powered Smart Link technology automatically syncing wash and dry cycles based on load type and fabric composition. The I-Refresh Pro steam function handles lightly worn garments without running a full wash cycle, while an Ultra Fresh Air system keeps laundry fresh for up to 12 hours after the cycle ends.
The Ultra Reverse Drum and Flexy Air technology apparently reduce tangling and creasing during the drying phase, which honestly sounds like a lifesaver given how crinkled my clothes look when I remove them from dryer at home – although that serves me right for not looking at the best tumble dryers before buying.
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Most interestingly of all though, is the Clothes Drying Closet, which looks like a wardrobe, but can dry delicate fabrics shoes, and accessories. If you’re used to running back and forth to the dry cleaners every week, this might be the home gadget you’ve been looking for.
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Quick refresh cycles run from around ten minutes for lightly worn clothing, while a combination of steam, UV, and plasma technology sanitises up to 99.99% of bacteria.
Both products connect to Haier’s hOn app for remote control, cycle customisation, and notifications, with pricing and availability for the Couture Care Collection expected to be confirmed closer to the product’s retail launch.
Apple’s industrial design chief says the MacBook Neo was created to bring the Mac into a much lower price tier without sacrificing the materials and design language associated with Apple laptops.
MacBook Neo
Apple vice president of industrial design Molly Anderson said in a rare March 6 solo interview that the MacBook Neo retains its MacBook identity despite its $599 starting price. Apple introduced the MacBook Neo on March 4 as its most affordable Mac laptop. The MacBook Neo uses the A18 Pro processor instead of the Apple Silicon M-series chips found in other Macs. Apple is targeting students and first-time Mac buyers who might otherwise choose inexpensive Windows laptops or Chromebooks. Continue Reading on AppleInsider | Discuss on our Forums
Usage of an automatic stoker. (Source: Claymills Pumping Station, YouTube)
Hacks are of all ages, with the Victorian-era Claymills Pumping Station being no exception. When its old Lancashire boilers from the 19th century were finally replaced with modern 1930s boilers, the 1920s-era automatic stokers were bodged onto the new boilers with a rather ill-fitting adapter plate, as there was no standard Lancashire boiler design. Nearly a hundred years later it was up to the volunteers at this Victorian-era pumping station to inspect and refurbish this solution, before fitting it back onto the boiler.
Lancashire boilers have two flue channels in which the coal is burned, which used to be done purely by hand. The automatic stokers are belt-driven devices that continuously add fresh fuel and massively lighten the workload. The 1920s stokers are still in place at this pumping station and a feature that they would love to retain.
Thus, after previously pressure-testing this #1 boiler to well beyond its operating pressure, the refurbished adapter plate was mounted back on with some percussive persuasion of the ‘very large beam’ variety.
Before the stokers could be mounted again, however, the boiler inspector had to give his OK to put the brickwork around the boiler back in place which helps to insulate it, among other functions. Once this is completed the boiler can finally see a fire again since it was last used in the 1970s. Whether these vintage stokers will work flawlessly will remain a surprise until then, but it’ll be a treat to see them operate.
Retail investors are famously locked out of the startup world. Robinhood is attempting to change that by allowing the general public to invest in a portfolio of what it calls “some of the most exciting private companies operating today.”
To do this, the company that pioneered the commission-free brokerage model has secured access to eight startups—including Databricks, Stripe, Mercor, and Oura—grouping them into a vehicle called Robinhood Ventures Fund I. The fund, which also includes Ramp, Airwallex, Revolut, and Boom, set out last month with an ambitious $1 billion target, but demand for this novel way of investing in private companies was lower than expected.
On Thursday, Robinhood announced the fund had raised $658.4 million — which could reach $705.7 million if underwriters exercise their full allotment. The shares, priced at $25 in the offering, began trading on Friday and closed the day at $21, a 16% decline.
RVI’s reception on Wall Street stands in stark contrast to another attempt to give individual investors exposure to buzzy startups. When Destiny Tech100 — a publicly traded, closed-end fund holding stakes in 100 venture-backed companies including SpaceX, OpenAI, and Discord — direct-listed on the NYSE in March 2024, its shares surged from a reference price of $4.84 to an opening trade of $8.25, eventually closing its first day at $9.00.
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Destiny Tech100 has kept climbing since its public debut. The fund closed trading on Friday at $26.61, a 33% premium to its net asset value of $19.97, meaning its shares trade well above the actual value of its underlying holdings.
So what explains why retail investors aren’t nearly as excited about Robinhood’s fund as they are about Destiny Tech 100? The most likely explanation is RVI’s lack of exposure to the companies widely expected to go public at enormous valuations: OpenAI, Anthropic, and SpaceX.
Robinhood is looking to address this. RVI intends to add more startups to the fund, eventually aiming to hold what Robinhood Ventures President Sarah Pinto described to TechCrunch as “15 to 20 of the best late-stage growth companies out there.” The company’s CFO, Shiv Verma, told Axios Pro on Friday that Robinhood is eyeing exposure to OpenAI.
Techcrunch event
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San Francisco, CA | October 13-15, 2026
But securing access to these high-profile companies is far from straightforward. Robinhood is aiming to get directly onto their cap tables directly through primary capital raises or secondary share sales — and that’s difficult even for a firm with deep roots in Silicon Valley.
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A cap table — the official record of who owns equity in a company — is closely guarded at most high-profile startups, and winning a spot on one requires either being invited by the company or purchasing shares from existing investors with the company’s blessing.
“It’s very difficult to get into any of these companies, and the investment rounds are very expensive,” acknowledged Pinto.
That is just one of the reasons democratizing private markets is easier said than done, and why the companies most retail investors actually want to own remain, for now, out of reach.
Outlander season 8 is here! It marks the closing chapter of Claire (Caitriona Balfe) and Jamie’s (Sam Heughan) torrid love story – at least on the small screen. You can watch Outlander free in the UK and US but fans abroad needn’t miss out…
Here’s the secret: You can access your usual streaming service (and free trial) from anywhere with NordVPN – it let’s you select your location. Best of all, it’s cheaper than ever and our exclusive deal throws in a freeAmazon gift card
Yep. You could effectively get paid up to $50 to watch Outlander season 8! No messy sign-ups, no plot holes.
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Season 8 sees The Revolutionary War follow the lovers home to Fraser’s Ridge, along with some threats. Uh-oh. Prepare for a moving Outlander 2026 finale.
This quick and easy guide shows you how to watch Outlander season 8 for free…
How to watch Outlander 2026 for free
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Use a VPN to access Outlander from anywhere
NordVPN is the best VPN we’ve tested. Our in-house expert Mike rates it above all others thanks to its streaming capabilities, security and price.
Nothing works as well as Nord when it comes to unblocking streaming platforms, so it’s well worth buying for the longterm. Plus it boosts your privacy.
The sign-up process only takes a minute – and costs less than $3/£2.50 a month with our special deal below:
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If you’re determined to watch Outlander without paying a penny but you’re away from the UK when it’s on, combine the MGM+/Prime Video free trials with the Surfshark free trial below! Don’t forget to cancel before the free trials end.
You should also consider Surfshark VPN – it’s very good. Doesn’t have the same features as Nord and there’s no free gift card, but they do offer a 7-day free trial when you click through below….
2. Connect to a server based in the UK (e.g. London).
3. Fire up MGM+ on Prime Video. Pro tip: try it in Chrome’s Incognito mode and it should be plain-sailing.
4. Sign up to to MGM+ on Prime Video to catch Outlander for free. Use an Amazon gift card if you don’t have a credit card.
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5. Watch Outlander season 8 at no cost – and potentially grab a $50 Amazon card. Sweet deal, eh?
What to know about Outlander season 8
“I’ve been reading Frank’s book. He says war is coming to the backcountry. And that James Fraser dies in it,” a tearful Jamie tells Claire in the Outlander season 8 teaser. The book in question? Frank Randall’s The Soul of a Rebel: The Scottish Roots of the American Revolution.
The prophecy forces them to ponder choice and fate. Claire urges Jamie not to fight, but maintains that she won’t retreat either because it was destiny that brought her to this place at this moment in time. Jamie believes, just as firmly, that he has no choice in the matter – that he must fight.
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The previous season was inspired by books six and seven in Gabaldon’s series (available on Amazon), A Breath of Snow and Ashes and An Echo in My Bones, which ordinarily would indicate that season 8 would be adapted from books eight and nine, Written in My Own Heart’s Blood and Go Tell the Bees That I Am Gone.
However, the 10th and final novel in the series, A Blessing for a Warrior Going Out, is yet to be published.
You may also be interested in…
We test and review VPN services in the context of legal recreational uses. For example: 1. Accessing a service from another country (subject to the terms and conditions of that service). 2. Protecting your online security and strengthening your online privacy when abroad. We do not support or condone the illegal or malicious use of VPN services. Consuming pirated content that is paid-for is neither endorsed nor approved by Future Publishing.
Today, the company announced Claude Marketplace, a new offering that lets enterprises with an existing Anthropic spend commitment apply part of it toward tools and applications powered by Anthropic’s Claude models but made and offered by external partners including GitLab, Harvey, Lovable, Replit, Rogo and Snowflake.
According to Anthropic’s Claude Marketplace FAQ, the program is designed to simplify procurement and consolidate AI spend. Anthropic says the Marketplace is now in limited preview and that enterprises interested in using it should reach out to their Anthropic account team to get started.
For customers interested in the Marketplace, Anthropic says purchases made through it “count against a portion of your existing Anthropic commitment,” and that the company will manage invoicing for partner spend — meaning enterprises can use part of their existing Anthropic commitment to buy Claude-powered partner solutions without separately handling partner invoicing.
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In effect, Anthropic is positioning Claude Marketplace as a more centralized way for enterprises to procure certain Claude-powered partner tools.
Yet, the whole point of Anthropic’s Claude Code and Claude Cowork applications for many users was that they could shift enterprise spend and time away from current third-party software-as-a-service (Saas) apps and instead, they could “vibe code” new solutions or bespoke, AI-powered workflows. This idea is so pervasive that prior Claude integrations have on several recent occasions caused a major selloff in SaaS stocks after investors thought Claude could threaten the underlying companies and applications.
Claude Marketplace seems to be pushing against that idea, suggesting current SaaS apps are still valuable and perhaps even more useful and appealing to enterprises with Claude integrated into them.
The launch raises a broader question about how enterprises will choose to use Claude: directly through Anthropic’s own products and APIs, or through third-party applications that embed Claude for more specialized workflows.
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Tool integration
Model and chat platforms have always sought to offer integrations, aiming to cut the time users spend building their app versions.
OpenAI added third-party apps into ChatGPT and launched a new App Directory in December 2025. This brought in offerings from companies such as Canva, Expedia and Figma that users can invoke by using “@” mentions while prompting on the chatbot.
However, three months in, it’s unclear exactly how many people use ChatGPT Apps, particularly in enterprises — will Claude’s Marketplace be able achieve more success here, given rising enterprise adoption of Claude and Anthropic products?
Other AI tool marketplaces have also cropped up. Lightning AI launched an AI Hub last year following similar moves from AWS and Hugging Face. Many AI marketplaces, such as Salesforce’s, focus on surfacing AI agents that may already have the capabilities customers need.
How does Anthropic’s solution stand out from these? Asked for comment a spokesperson responded:
“Claude is a model — it reasons, writes, analyzes, and codes. But Harvey isn’t just Claude with a legal prompt. It’s a purpose-built platform built for how legal teams actually work — with the domain expertise, workflow integrations, compliance infrastructure, and institutional knowledge that enterprises require. Same with Rogo for finance, Snowflake for enterprise data, or GitLab for software development. These partners have spent years building the product layer on top of Claude that makes it useful for specific industries and workflows.
That’s actually the point. Thousands of businesses use Claude to power their products — and the best ones have built something Claude alone can’t replicate. Claude Marketplace isn’t Anthropic trying to replace those products. It’s Anthropic investing in them — making it easier for enterprises to access the best Claude-powered tools without managing a separate procurement process for each one. Claude is the intelligence layer. Our partners are the product.”
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Native vs app
Enterprise users adapted their Claude or ChatGPT platforms to recognize preferences, connect to their data sources and retain context. So much of how people use enterprise AI these days focuses on customizability, on making the system work for their needs.
Platforms like OpenClaw also allowed people to set up autonomous agents that can have full access to their computers to complete tasks and execute workflows. In other words, Claude and other platforms can already do much of the work that these new third-party Marketplace tools enable — provided they have the right context and data.
However, third-party tools and integrations allow enterprise users to avoid doing the work themselves and instead invoke an existing tool to handle it. For those whose businesses are built around specific, tool-based workflows, the Marketplace may be exactly the right AI integration for them. In addition, there’s also a good chance that enterprises already paying for Claude may now take advantage of the new Marketplace to explore third-party tools and services they wouldn’t have otherwise.
While it’s still unclear what Claude Marketplace would look like in action, it’s possible that, with these tools, enterprises could use Claude as an orchestrator, where the platform acts as a command center that taps the right tool and accesses the right context without constantly prompting.
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Observers noted that Claude Marketplace offers enterprises a way to “pre-approve” apps, bypassing the often long and cautious approval process.
Some people noted that Anthropic’s move tracks with how many businesses will want to work directly with the platforms without requiring users to move to their separate offerings.
Anthropic’s biggest challenge with Claude Marketplace, however, is adoption. Many of the partners for its launch already have enterprise customers who deploy their tools through an API or already connect via MCP or other protocols for context.
Some users may have already vibe-coded apps that tap into these integrations. It’s now a matter of enterprise users showing they want to use these new tools within their Claude workflows.
An early print of the linoleum block that Kristina started carving during the podcast. (It’s the original Cherry MX patent drawing, re-imagined for block printing.)
This week, Hackaday’s Elliot Williams and Kristina Panos met up over assorted beverages to bring you the latest news, mystery sound results show, and of course, a big bunch of hacks from the previous seven days or so.
In the news, we’ve launched a brand-new contest! Yes, the Green-Powered Challenge is underway, and we need your entry to truly make it a contest. You have until April 24th to enter, so show us what you can do with power you scrounge up from the environment around you!
On What’s That Sound, Kristina was leaning toward some kind of distant typing sounds, but [Konrad] knew it was our own Tom Nardi’s steam heat radiator pinging away.
After that, it’s on to the hacks and such, beginning with an exploration of all the gross security vulnerabilities in a cheap WiFi extender, and we take a look inside a little black and white pay television like you’d find in a Greyhound station in the 80s and 90s.
We also discuss the idea of mixing custom spray paint colors on the fly, a pen clip that never bends out of shape, and running video through a guitar effects pedal. Finally, we discuss climate engineering with disintegrating satellites, and the curse of everything device.
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Check out the links below if you want to follow along, and as always, tell us what you think about this episode in the comments!
Download in DRM-free MP3 and savor at your leisure.
Episode 360 Show Notes:
News:
What’s that Sound?
Congrats to [Konrad] who knew this was Tom Nardi’s radiator!
It’s been roughly half a year since Apple released the AirPods Pro 3 to the world, and I’m revisiting them to see how they’ve held up after months of near-daily use.
AirPods Pro 3 long-term review: Holding the newest AirPods Pro
In my original review of Apple’s latest earbuds, I largely praised them for improving audio quality, ANC, as well as adding new features. Now that the initial excitement has subsided, let’s examine the changes that have stood out. I went from the AirPods Pro 2 to the AirPods Pro 3. This wasn’t a major jump by any means, but I felt it was worth it, especially since the battery life on my years-old pair had deteriorated, and I was able to pass them down to my partner. Continue Reading on AppleInsider | Discuss on our Forums
The device comes with a 400mm telephoto lens accessory
But the leaked Oppo Find X9 Ultra could soon be a strong rival
When people talk about the best camera phones, they usually have something like Apple’s iPhone 17 Pro Max or Samsung’s Galaxy S25 Ultra in mind — you know, a normal-looking phone with an advanced-yet-unobtrusive camera system on the back. Well, the Vivo X300 Ultra is about to blow all of those expectations away.
Revealed at MWC 2026, Vivo says this device is equipped with a 200-megapixel lens, matching that of last year’s X200 Ultra. But what really catches the eye is the optional 400mm-equivalent Telephoto Extender Gen2 Ultra. This is a clip-on lens made by Zeiss that adds serious zoom capabilities to the phone.
That should give you some pretty incredible power when it comes to long-range photography, especially for a smartphone. With a little digital cropping, it can even apparently act as 1600mm super-telephoto lens (albeit with some image quality compromises).
The obvious compromise is portability — it’s not exactly like you’ll be able to safely fit the phone in your pocket when the lens is attached. And the image processing is something we’ll be keen to see in action before passing judgement — this really is pushing the limits of smartphone photography.
Vivo has been reticent with the X300 Ultra’s specs, leaving us guessing at what else it might come with. But if you’re a smartphone photography buff and want high-end zoom power without resorting to one of the best DSLRs, Vivo is gunning for your attention.
As well as the Telephoto Extender Gen2 Ultra, Vivo also revealed a “pro-grade” Camera Cage to hold its new phone. This is designed to complement video recording and puts “an array of cold shoe mounts and quick-release ports” at your fingertips, Vivo says. There are two hand grips for added stability, physical buttons for shutter and zoom adjustment, and even an active cooling fan to keep your device performing optimally. The Camera Cage is compatible with Vivo’s lens extender, too.
These releases suggest that Vivo is aiming to appeal to the professional market — or is at least targeting ‘pro-adjacent’ users with lofty ambitions. This kind of setup is beyond what most casual consumers will need but could be just the ticket for photographers and videographers.
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An unreleased accessory
(Image credit: Vivo)
While these MWC teasers are out in the open, a leak from Weibo suggests that Vivo might have something else up its sleeve.
According to leaker Digital Chat Station on the Chinese social media site (via Gizmochina), Vivo’s X300 Ultra will come with a 6.82-inch display equipped with a 2K resolution and a dynamic 120Hz refresh rate. This screen will feature very slim bezels and rounded corners, while the Ultra’s battery will be slightly larger than the one found in the X300 Pro.
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As well as that, Digital Chat Station alluded to an unreleased “teleconverter” that hasn’t yet been revealed. Interestingly, they then followed that up with the phrase, “It’s more suitable for general photography enthusiasts.” That suggests that this accessory will have broader use cases than the Telephoto Extender Gen2 Ultra addon, which is very niche. We’ll have to wait for more information on that, though.
In the meantime, new rivals are popping up almost by the day, it seems. The Xiaomi 17 Ultra recently landed with an impressive camera setup, and now the Oppo Find X9 Ultra has entered the arena with a surprise global release and a 200MP periscope telephoto sensor that could combine a large 1/1.28-inch sensor size and f/2.2 aperture. That would be a quite a combo, and could give it strong safari credentials — if not quite on the level of Vivo’s 400mm-equivalent telephoto accessory.
Vivo says the X300 Ultra will launch later this year and will be its first Ultra phone available on a global scale outside of China. Given Vivo’s past releases, though, it’s unlikely to be sold in the US, while European availability is uncertain too. There’s also no word yet on the price or exact release date, so stay tuned for more information on that front.
The funding will be used to expand Evervault’s encryption infrastructure, invest in product development, and grow its engineering and product teams.
Evervault, a data encryption start-up founded by Irishman Shane Curran, has raised $25m in Series B funding.
The round was led by Ribbit Capital, with participation from Sequoia Capital, Index Ventures, Kleiner Perkins, Next Play Ventures and new investors including Operator Partners. The new round brings the start-up’s total funding to date to $46m.
Evervault builds developer infrastructure to collect, process and share sensitive data.
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The New York and Dublin-based company helps businesses to encrypt and orchestrate sensitive data without ever handling it in plaintext.
“Most compliance frameworks assume sensitive data will exist in plaintext somewhere, but with automated, high-velocity data exchange, that’s a liability,” said Curran, who is also CEO of the company.
“At Evervault, we believe sensitive data should be treated like hazardous material. Systems must be designed so it isn’t touched in the first place.”
Evervault has initially focused on card payments security with a solution that combines encryption with 3D-Secure authentication, network tokens and card data enrichment in a single integration, along with streamlining payment card industry (PCI) compliance.
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The company claimed that on average, its solution helps customers cut PCI data security standard compliance costs by $100,000, achieve compliance 95pc faster and ship secure payment systems “in days rather than weeks”.
The start-up said that since its establishment, it has processed more than $5bn in transaction volume and secured more than four times year-over-year revenue growth.
“Our mission isn’t just about payments,” said Curran in a blogpost announcing the raise yesterday (5 March). “We’re building the trust layer for the internet: a global clearinghouse for sensitive data. A place where companies can share, enrich and route information without taking custody of it. We’re replacing contractual trust with cryptographic guarantees.”
The new funding will be used to expand Evervault’s encryption infrastructure, invest in product development, and grow its engineering and product teams, according to the start-up.
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Founded in Dublin in 2019, Evervault’s roots can be traced back to the 2017 BT Young Scientist & Technology Exhibition where Curran took home the top prize for his project qCrypt, which was a quantum-secure, encrypted data storage solution with multi-jurisdictional quorum sharing.
Curran previously spoke to SiliconRepublic.com’s Ann O’Dea at a Future Human pop-up event in 2020, where he discussed his experience as a young entrepreneur and the Irish business contingent in Silicon Valley.
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