Skyflow, a leading data privacy vault company, has raised $30 million in an extension of its Series B funding round.
The VC funding initiative, spearheaded by Khosla Ventures, also saw participation from existing investors including Mouro Capital, Foundation Capital, and Canvas Ventures.
This substantial investment in Skyflow comes on the heels of revenue growth exceeding 210 percent and rapid adoption within the emerging domain of safeguarding sensitive data, particularly for Large Language Models (LLMs).
Skyflow provides solutions tailored for enterprises seeking to securely implement LLMs while navigating complex data localization requirements. Notable clientele such as GoodRx, Lenovo, and Hippocratic AI rely on Skyflow’s services, with the company currently managing nearly a billion records of user data and processing over two billion API calls quarterly.
Anshu Sharma, co-founder and CEO of Skyflow, said: “Skyflow is the only solution that allows companies to build privacy by design into their technological infrastructure without overhauling anything.”
Central to Skyflow’s innovative approach is its proprietary technology known as polymorphic encryption, which enables the encryption of data without compromising its usability for critical business functions such as analytics, marketing, and customer support.
A recent development in Skyflow’s offerings includes the expansion of its data residency solution to support China, facilitating global companies’ expansion into the Asian market while ensuring compliance with China’s stringent data privacy and security regulations.
Skyflow’s global data privacy vault infrastructure encompasses regional and national data localization requirements for over 150 countries, empowering customers to safeguard sensitive data effortlessly across diverse geographical landscapes.
