Skyflow, a Palo Alto, Calif.-based data privacy vault company, raised $17.5m in Series A funding.
The round was led by Canvas Ventures, with participation from Foundation Capital.
The company intends to use the funds to:
- Invest 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.
Founded by former Salesforce executives Anshu Sharma (CEO) and Prakash Khot (CTO), Skyflow is a data privacy vault for customer data, which enables businesses to handle users’ financial, healthcare and other personal data. The zero-trust data vault with an elegant API allows developers to build applications and workflows without worrying about data security, privacy or compliance.
The company also has offices in Bangalore, India.