Skyflow has raised a $17.5 million Series A to drive growth of its data privacy vault. The round, led by Canvas Ventures, brings the total amount raised to $25 million over the last year and includes Foundation Capital, which led the seed round.
With this funding, Skyflow plans to:
- Invest aggressively to build out its sales and marketing organization.
- Expand its product portfolio with vertical-specific vaults for finance, health and B2C companies.
- Hire engineering and operations teams to serve the needs of a growing list of customers.
Skyflow radically simplifies how companies manage, access and govern sensitive customer data. The zero-trust data vault with an elegant API allows developers to quickly build applications and workflows without worrying about data security, privacy or compliance.
Skyflow CEO and co-founder Anshu Sharma stated: “Our customers asked us-why can’t I be more like Apple? These companies are tired of buying tool after tool just for compliance. Customers are telling us they want a simpler, unified way to securely handle sensitive data.”
Organizations spend tens of billions of dollars on compliance without fundamentally solving for the privacy and security of the data entrusted with the healthcare, finance, and other apps people use.
Sharma continued: “Our customers need to serve their users by running workflows and analytics while meeting increasingly stringent privacy expectations and regulations such as CCPA and GDPR. Skyflow’s data privacy vault does just that via a simple API.”
Skyflow takes a different approach to data privacy. Inspired by the data vaults built internally by companies like Apple, Google and Netflix that spend tens of millions of dollars on privacy, Skyflow has built a zero-trust data vault that any company can use.
At its core, the Skyflow data privacy vault is powered by a radical new approach called polymorphic encryption, which utilizes the latest industry-standard encryption and tokenization algorithms.
For more information about Skyflow, visit: http://www.skyflow.com
