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Top 8 Encryption Software Companies With $5M–$10M Revenue (September 2026)

As of September 2026, Latka tracks 8 encryption software companies with $5M–$10M in annual revenue. They have combined revenues of $49.2M and employ 355 people. They have raised $435.6M and serve 4.5M customers combined.

Every company below sells encryption software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Encryption Software Companies do

Encryption software is designed to protect sensitive data by converting information into an unreadable format, accessible only to authorized users. This type of software is crucial for maintaining data confidentiality and integrity across various industries, particularly in sectors that handle personal information, financial data, or proprietary research. Typical use cases include securing files on local drives, encrypting data during transmission, and maintaining privacy in cloud storage solutions. Key features of encryption software often include file and folder encryption, disk encryption, and support for various encryption algorithms such as symmetric and asymmetric encryption. Users typically include IT professionals, cybersecurity specialists, and compliance officers who require reliable solutions to meet regulations regarding data protection. Overall, encryption software is a vital tool for organizations seeking to mitigate risks associated with data breaches and unauthorized access.

Companies
8
Revenue
$49.2M
Funding
$435.6M
Employees
355

Filters

Sorting: Highest -> Lowest

Filters

Top Encryption Software Companies With $5M–$10M Revenue

Showing 8 of 8 companies ranked by annual revenue.

1Cardsmobile logo
Cardsmobile

St. Petersburg, Russia

Developer of a mobile application designed to offer digital wallet services. The company's application collects all discounts, bank and transport cards and add all plastic cards to the smartphone to use them at the point of sale and provides safety and security as data is encrypted with the most secure algorithms, enabling users to pay for their spending without actually carrying the cards.

Revenue
$7.6M
Customers
4.5M
Year founded
2012
Funding
$2.5M
Team size
91
2Vaultree logo
Vaultree

United States

Vaultree is revolutionising data enablement and security through our pioneering Data-In-Use Encryption solutions. Our industry-leading technology ensures that data remains encrypted throughout its entire lifecycle, enabling businesses with previously inhibited use cases and growth opportunities via in-use encrypted searches, analyses, sharing and collaboration, AI/ML modelling, and data visualisation. Vaultree’s solutions and approach to data enablement empower organisations to unlock and harness their data, driving compliant innovation while drastically reducing cyber threats.

Revenue
$7.2M
Year founded
2020
Team size
65
3Zafer (AI) logo
Zafer (AI)

Dubai, Dubai, United Arab Emirates

In a world where AI is transforming every industry, Zafer stands apart as an AI-powered product designed with one core purpose: Enabling Trust. At Zafer, we believe that digital security and privacy should be indestructible and beyond compromise. Our product is built to help individuals, businesses and enterprises protect their most sensitive data, ensuring it stays secure and under desired control. Zafer goes beyond just providing answers—it delivers peace of mind by safeguarding your most valuable digital assets. Powered by advanced AI and built on blockchain, Zafer offers intelligent solutions tailored to your unique needs. Whether you’re managing financial documents, sensitive files, or compliance workflows, our platform seamlessly integrates security with productivity, helping you stay safer, work smarter and more efficiently. Our values of Ownership, Integrity, Innovation, Perseverance, and Equality are the foundation of everything we do. With Zafer, you’re not just getting a powerful AI tool—you’re gaining a trusted partner committed to safeguarding your digital world. Zafer is leading the way in responsible AI, ensuring that the power of technology works for you, without compromising your privacy or your data’s integrity. Join us as we redefine what it means to be secure in a fast-moving digital world. Zafer—Enabling Trust.

Revenue
$6.5M
Year founded
2015
Team size
59
4Tauri logo
Tauri

Amsterdam, Netherlands

Developer of a cloud based cyber security platform designed to provide effective and secure services to business across all places. The company's cyber security platform stores and safeguards confidential and classified information from threats and enables only the sender and recipient have access to encryption keys that are used to open communications and other files through web browsers, mobile phones, Windows and Mac, enabling organizations to handle communication, scheduling and file management in a secured way.

Revenue
$6.4M
Year founded
2015
Funding
$4.3M
Team size
10
5FTAPI Software logo
FTAPI Software

Germany

FTAPI Software GmbH is a software company that offers communication tools and real end to end encrypted data exchage for SMBs.

Revenue
$6M
Customers
1K
Year founded
2011
Funding
$4.5M
Team size
50
6InishTech logo
InishTech

Dublin, Ireland

Provider of code protection and license management services designed to protect valuable IP and prevent illegal copying and theft. The company's code protection and license management services offer software licensing and protect all types of .NET applications by locking licences to individual users, nodes or other identifiers, enabling clients to maximise the revenue potential of their software.

Revenue
$5.4M
Year founded
2009
Team size
3
7KoolSpan logo
KoolSpan

Germantown, Maryland, United States

Provider of mobile security encryption services. The company manufactures the TrustChip, a microSD card that enables drop-in, secure connectivity services to mobile devices.

Revenue
$5.2M
Year founded
2002
Funding
$424.3M
Team size
31
8SigniFlow® logo
SigniFlow®

Horsham, England, United Kingdom

SigniFlow® is a digital signature workflow software. Our platform fully digitises any process that requires a document to be legally signed or approved using advanced electronic signatures — from the most basic requirements like getting employees to sign leave applications and their managers to approve it, to ultra-complex processes which require both internal and external parties to sign highly sensitive or legal documents. We're experts at helping companies make their workplace more efficient and secure using our encryption/hashing technology to protect and tamper-proof their documents. SigniFlow® has offices around the world in the United Kingdom, United States, Australia, Singapore, and South Africa. SigniFlow® was developed in 2013 to help business owners with their digital transformation in a cost-effective way and that is key to surviving in today’s day and age. Without advanced digital signatures, your document-based transactions may not be legally binding, putting you and your business at risk in the event of a compliance or legal case.

Revenue
$5.1M
Year founded
2013
Team size
46

Frequently asked questions about Encryption Software Companies With $5M–$10M Revenue

How many encryption software companies with $5M–$10M in annual revenue are there?

Latka tracks 8 encryption software companies with $5M–$10M in annual revenue. Together they generate $49.2M in annual revenue and employ 355 people.

Which encryption software company with $5M–$10M in annual revenue is the largest?

Cardsmobile is the largest, with $7.6M in annual revenue, founded in 2012.

How much revenue does a typical encryption software company with $5M–$10M in annual revenue make?

The average encryption software company in this list makes $6.2M a year, across 8 companies with reported revenue. They serve 4.5M customers combined.

Who are the leading Encryption software vendors with $5M–$10M in annual revenue?

Ranked by annual revenue, the leaders are Cardsmobile, Vaultree, Zafer (AI), Tauri and FTAPI Software.

How much funding have encryption software companies with $5M–$10M in annual revenue raised?

The 8 encryption software companies with $5M–$10M in annual revenue tracked here have raised $435.6M in disclosed funding between them.

Related Security Software categories

Inclusion Criteria

- Must provide mechanisms to encrypt various types of data, including files, disks, and databases. - Should include user access controls to manage permissions on encrypted data. - Must comply with industry standards and regulations related to data protection. - Should support various encryption algorithms to meet diverse security needs. - Not just a data storage solution; must actively encrypt and manage data in transit.