VeraCrypt
VeraCrypt is a free, open-source disk encryption application forked from TrueCrypt, providing on-the-fly encryption for disks and partitions to privacy-conscious individuals and organizations across Windows, macOS, and Linux.
- Company typePrivate
- Founded2013
- HeadquartersParis, France
- Headcount—
- GTM typeB2C
- OfferingSoftware
What VeraCrypt does
VeraCrypt is a free, open-source disk encryption application that provides on-the-fly encryption for disks and partitions on Windows, macOS, and Linux. The software was created in 2013 as a fork of TrueCrypt, motivated by security, trust, usability, and governance concerns with the original project, and it has since been maintained as a community-driven successor under the veracrypt.io domain, with a Paris, France registered presence. Its core technology is rooted in established symmetric cryptography algorithms, with continued security improvements layered onto the inherited TrueCrypt codebase, and it has no separate modules, add-ons, or sub-products — the offering consists solely of the VeraCrypt encryption application.
The product serves privacy-conscious individual users and organizations that require strong self-managed disk encryption without proprietary vendor lock-in or commercial licensing fees. Distribution is exclusively digital and direct-to-consumer through the official website, and community engagement is anchored on a Mastodon social presence. There are no disclosed resellers, enterprise sales channels, paid tiers, or institutional customer relationships.
VeraCrypt's business model is freemium in classification but effectively pre-revenue in practice: the software is provided at no cost with no pricing tiers, no licensing fees, and no disclosed sponsorship or donation revenue. As an open-source project, it operates without disclosed investors, parent company, or formal corporate ownership structure, and there is no information on headcount, management team, funding rounds, or financials. The project remains operating and under active maintenance per available sources.
VeraCrypt firmographics
Firmographics- Name
- VeraCrypt
- Website
- https://veracrypt.fr
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Short description
- VeraCrypt is a free, open-source disk encryption application forked from TrueCrypt, providing on-the-fly encryption for disks and partitions to privacy-conscious individuals and organizations across Windows, macOS, and Linux.
- Ownership category
- akta.pro rank
VeraCrypt industry classification
Industry- Product category
- Disk Encryption Software
- NAICS
- Software Publishers (5132)
- akta.pro primary industry
- Encryption (Data-at-Rest / In-Transit / In-Use) (HDADAFAB)
Keywords
Where VeraCrypt is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Markets served
VeraCrypt business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Infrastructure
Revenue model
- Free/Open Source Distribution: VeraCrypt is free and open-source software with no direct revenue generation. The project operates as a community-driven initiative, potentially relying on donations or sponsorships for development sustainability.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Others | Free open-source tier |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
VeraCrypt product offering
Product offeringCore offering
VeraCrypt is free, open-source disk encryption software that provides on-the-fly encryption for disks and partitions across Windows, macOS, and Linux. It is a fork of TrueCrypt created to continue and improve upon the original project's development, addressing security, trust, usability, and governance issues.
Product overview
VeraCrypt is a single unified product — a free, open-source disk encryption application. It is a well-known fork of TrueCrypt, created to further develop and maintain the disk encryption technology after the original project was discontinued. There are no separate modules, add-ons, or sub-products; the offering consists solely of the VeraCrypt encryption software itself, which provides on-the-fly encryption for disks and partitions.
Differentiator
Problem solved
Functional benefit
Products and services
- VeraCrypt
Companies that use VeraCrypt
Customer profileSegments1 record
Ideal customer profiles1 record
VeraCrypt technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
VeraCrypt competitors and assessment
Company assessmentDirect peers
- DiskCryptor: DiskCryptor is an open-source full-disk encryption utility for Windows offering similar on-the-fly encryption features to VeraCrypt, targeting the same privacy-conscious and self-managed user base.
- AxCrypt: AxCrypt is a file and folder encryption application available on Windows, macOS, and mobile, with a freemium commercial model; it competes with VeraCrypt for individual and SMB users seeking strong, easy-to-deploy encryption.
- LUKS (Linux Unified Key Setup): LUKS is the de facto standard open-source disk encryption specification for Linux, directly comparable to VeraCrypt on the Linux platform and serving the same on-the-fly full-disk encryption use case for self-managed users.
- CipherShed: CipherShed is a community fork of TrueCrypt that continues full-disk encryption development, making it the closest direct comparable to VeraCrypt in terms of lineage, target use case, and open-source distribution model.
- Cryptomator: Cryptomator is an open-source, cross-platform client-side encryption tool focused on encrypting files and folders (often for cloud sync), sharing VeraCrypt's privacy-first, no-vendor-lock-in positioning and free distribution model.
Broad incumbents
- Apple FileVault: FileVault is macOS's built-in full-disk encryption feature and a direct category equivalent to VeraCrypt for Apple users, representing a major incumbent that benefits from OS-level integration and defaults.
- Symantec (Broadcom) Endpoint Encryption: Broadcom's Symantec Endpoint Encryption is an enterprise-grade full-disk and removable-media encryption suite that competes with VeraCrypt for organizational deployments, adding centralized management, compliance reporting, and support.
- McAfee Drive Encryption (Trellix): McAfee/Trellix Drive Encryption is an enterprise endpoint encryption product providing full-disk encryption with centralized policy management, comparable to VeraCrypt in core capability but aimed at managed enterprise environments.
- Microsoft BitLocker: BitLocker is the built-in full-disk encryption feature in Windows and the largest incumbent in the same category VeraCrypt serves, offering similar on-the-fly encryption for the dominant desktop platform.
Emerging players
- GnuPG (GPG): GnuPG is an open-source encryption toolkit that, while focused on email/file/communication encryption rather than full-disk, shares VeraCrypt's open-source, privacy-first, no-vendor-lock-in ethos and overlaps in the same self-managed-user segment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
VeraCrypt social profiles
Digital presenceVeraCrypt financial estimates
Financial estimateRevenue estimate
Valuation estimate
VeraCrypt leadership team
Management profileNumber of profiles
VeraCrypt funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VeraCrypt M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VeraCrypt
What does VeraCrypt do?
VeraCrypt is free, open-source disk encryption software that provides on-the-fly encryption for disks and partitions across Windows, macOS, and Linux. It is a fork of TrueCrypt created to continue and improve upon the original project's development, addressing security, trust, usability, and governance issues.
Is VeraCrypt a public or private company?
VeraCrypt is a private company. It is classified as unknown and is currently operating.
When was VeraCrypt founded?
VeraCrypt was founded in 2013.
Where is VeraCrypt based?
VeraCrypt is headquartered in Paris, France, in the Europe region.
How does VeraCrypt make money?
One revenue line is on record: free/Open Source Distribution.
Who are VeraCrypt's main competitors?
Direct peers on record are DiskCryptor, AxCrypt, LUKS (Linux Unified Key Setup), CipherShed and Cryptomator. Broad incumbents are Apple FileVault, Symantec (Broadcom) Endpoint Encryption, McAfee Drive Encryption (Trellix) and Microsoft BitLocker. GnuPG (GPG) is listed as an emerging player.
Does VeraCrypt have an API?
No public API is recorded for VeraCrypt.
What industry is VeraCrypt in?
VeraCrypt's product category is Disk Encryption Software. Its primary akta.pro industry code is HDADAFAB, Encryption (Data-at-Rest / In-Transit / In-Use). Its NAICS code is 5132.