Customer Data Privacy Provider Skyflow Raises $45 Million
Customer data privacy company Skyflow today announced that it has raised $45 million in Series B funding. Over the past 18 months, the company has raised $70 million.
The new funding round was led by Insight Partners. Mouro Capital, MS&AD Ventures, Canvas Ventures, Foundation Capital, and Coinbase board member Gokul Rajaram also participated.
Skyflow says it wants to use the new investment to further grow its sales, marketing, and engineering teams. The company plans to hire 100 new employees by the end of 2022.
The company seeks to simplify the manner in which businesses manage, access, and govern sensitive customer data. It offers a zero-trust data vault and an API that organizations can use to create applications and workflows.
Founded in 2019, the Palo Alto, California-based Skyflow helps companies keep the financial, personal, and healthcare data of their users safe.
Skyflow’s solution is used by North American companies in the fintech and digital health sectors, including credit card platforms, insure-tech firms, neo-banks, medical device startups, and organizations dealing with clinical trial data. The company’s vault is also available in the APAC and EMEA regions.