Total amount raised
$97 Millions
Latest funding date
Location
Skyflow has successfully raised significant funding across multiple rounds, with its latest Series B round closing on March 28, 2024. The company specializes in providing a data privacy vault with an API interface, ensuring compliance with various regulations.
Keep reading to explore the intricacies of Skyflow's fundraising journey and the investors backing this innovative platform.
What Is Skyflow?
Skyflow, founded on May 13, 2019, in Palo Alto, California, specializes in providing a data privacy vault with an API interface. The company focuses on securely managing, storing, and using personally identifiable information (PII) while ensuring compliance with various data privacy regulations.
The founders of Skyflow are Anshu Sharma, Prakash Khot, and Roshmik Saha. Their innovative platform is designed to meet the stringent requirements of data privacy laws such as PCI, PHI, HIPAA, GDPR, and CCPA.
Skyflow employs between 101 and 250 people, working to deliver solutions that protect sensitive data across various industries. Their offerings include specialized vaults for payments, healthcare, and AI, ensuring privacy-safe analytics and data residency compliance.
How Much Funding Has Skyflow Raised?
- Seed Round
- Amount Raised: $7.5M
- Date: May 2020
- Lead Investors: Foundation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their data privacy vault and establish a market presence.
- Series A
- Amount Raised: $17.5M
- Date: December 2020
- Lead Investors: Canvas
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the technology behind their data privacy solutions.
- Series B
- Amount Raised: $45M
- Date: October 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and support the growing demand for data privacy solutions.
- Series B Extension
- Amount Raised: $27M
- Date: March 2024
- Lead Investors: Firestreak Ventures, Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance data privacy vaults for AI and global data residency compliance.
Total Amount Raised: $97M. Current Valuation: Not publicly disclosed.
Key Investors
- Khosla Ventures
- Details: Founded by Vinod Khosla, Khosla Ventures is a venture capital firm that provides funding to early-stage companies. The firm is known for its focus on impactful technology investments.
- Investment Focus Areas: Technology, AI, data privacy, healthcare.
- Notable Investments: Square, DoorDash, Impossible Foods.
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that invests in early-stage technology companies. The firm has a history of backing successful startups.
- Investment Focus Areas: Technology, enterprise software, fintech.
- Notable Investments: Netflix, LendingClub, Sunrun.
- Canvas Ventures
- Details: Canvas Ventures is a venture capital firm that focuses on early to growth-stage technology companies. The firm aims to support innovative startups.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Zola, Roofstock, Everwise.
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm. The firm invests in growth-stage technology and software companies.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Shopify, Qualtrics.
- Firestreak Ventures
- Details: Firestreak Ventures is a venture capital firm that invests in innovative technology startups. The firm aims to support companies with high growth potential.
- Investment Focus Areas: Technology, AI, data privacy.
- Notable Investments: Not publicly disclosed.
What's Next for Skyflow?
Skyflow's future looks promising as it continues to capitalize on the growing need for data privacy in AI and Large Language Models (LLMs). With its proprietary polymorphic encryption technology, the company is well-positioned to expand its data residency solutions globally, including in markets like China. This expansion, coupled with the increasing adoption of AI, presents significant growth opportunities.
Given its impressive revenue growth and market adoption, Skyflow is likely to attract further investment to support its expansion. However, the company will need to navigate the complexities of evolving data privacy regulations and maintain the scalability of its solutions. Competing with other data privacy providers and ensuring seamless integration with enterprise systems will also be critical challenges.
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