Skyflow announced raising of $17.5 million in a Series A round, led by Canvas Ventures.
Skyflow has raised $25 million over the last year. The latest round of funding includes Foundation Capital, which led the seed round.
Skyflow plans to use the funds to invest to build out its sales and marketing organization and expand its product portfolio with vertical-specific vaults for finance, health and B2C companies. Skyflow will hire engineering and operations teams to serve the needs of a growing list of customers.
Skyflow 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.
“Customers are telling us they want a simpler, unified way to securely handle sensitive data. They 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,” Anshu Sharma, CEO and co-founder at Skyflow, said.