New Funds for Privacy Firm Skyflow

Palo Alto-based customer data privacy specialist Skyflow has raised $45m in a Series B round of funding, which it will use to accelerate the growth of its sales, marketing and engineering teams. It aims to hire 100 new employees by the end of 2022.

Launched in 2019 by former Salesforce execs Anshu Sharma and Prakash Khot, Skyflow offers a repository, or vault, accessible via an API, through which companies can manage, access and govern sensitive customer data. Security teams use it to understand how data is being used and stored, app developers can access the data to build software tools, and CTOs and CDOs can use it to avoid worries about a data breach.

New funding has been led by global private equity and venture capital firm Insight Partners, with participation from investors focused on fintech, digital health, and API-first companies, and adding to the $17.5m raised in 2020. George Mathew, MD at Insight Partners, comments: 'Skyflow's zero-trust vault approach seems just so obvious - after you see it working. Customer after customer we spoke to told us how much they love the product - and the team. This is the kind of category-creating company we love investing in'.

Web site: www.skyflow.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.