Skyflow, a Palo Alto, Calif.-based customer data privacy company, raised $45M in Series B financing round.
The round was led by Insight Partners, with participation from Mouro Capital, Mitsui’s MS&AD Ventures, Canvas Ventures and Foundation Capital, and leading fintech angels such as Coinbase Board Member Gokul Rajaram.
The company intends to use the new funding to accelerate the growth of its sales, marketing and engineering teams with plans to hire 100 new employees by the end of 2022.
Led by Anshu Sharma, co-founder and CEO, Skyflow simplifies how companies manage, access and govern sensitive customer data. The zero-trust data vault with an API allows developers to quickly build applications and workflows without worrying about data security, privacy or compliance. Over the past two years, Skyflow has achieved many milestones such as:
- Launched its new Skyflow Data Privacy Vault API
- Hired over 50+ engineers
- Hired and built out leadership team with top executives from companies such as Heroku, Salesforce, Google, Visa and Paypal
- Launched Data Residency globally including Americas, EMEA and APAC
- Unveiled a partnership with VISA and integrations with many fintech companies
Customers now include North American companies in insure-tech, credit card platforms, clinical trial data, neo-banks, medical device startups — and many others in the fintech and digital health space. Further, in response to global demand for data residency solutions, Skyflow has made its vault available across the Americas, APAC, and EMEA — with live customers such as Spoon Money in India.
The company is based in Palo Alto, California, with offices in Bangalore, India.