PrivateCore was founded in 2011 by security veterans from VMware and Google with seed funding from Foundation Capital.

[3] The company's memory encryption technology has been spurred by a number of industry trends including the increasing sophistication of hackers, a larger number of servers in outsourced environments, larger amounts of sensitive data being placed in persistent memory, and x86 virtualization technology which can increase the environment attack surface.

PrivateCore assumes that the only element that needs to be trusted in a system is the Central Processing Unit (CPU).

PrivateCore technology is positioned as being most applicable to outsourced or hosted environments where the enterprise cannot have trust in the computing infrastructure.

vCage supports a number of use cases including creating OpenStack trusted computing pools as well as protecting x86 servers in co-location and bare-metal cloud environments.