Skyflow, a Palo Alto, California-based leading customer data privacy company, raised $45 million in Series B financing round led by New York-based global private equity and venture capital firm Insight Partners and joined by strategic investors focused on fintech, digital health, and API-first companies.
Also investing in the round is Mouro Capital, a venture firm backed by a leading multinational bank, and the venture capital arm of a leading global insurance giant, Mitsui’s MS&AD Ventures. Additionally, existing investors Canvas Ventures and Foundation Capital doubled down on earlier investments; and leading fintech angels such as Coinbase Board Member Gokul Rajaram have personally invested in the company.
The company intends to use the new funding to accelerate the growth of its sales, marketing, and engineering teams and plans to hire 100 new employees by the end of 2022.
Company: Skyflow Inc.
Round: Series B
Funding Month: October 2021
Lead Investors: Insight Partners
Additional Investors: Mouro Capital, Mitsui’s MS&AD Ventures, Canvas Ventures, Foundation Capital, and Gokul Rajaram
Company Website: https://www.skyflow.com/
Software Category: Data Privacy Vault
About the Company: Founded in 2019, Skyflow is a data privacy vault for sensitive data. its founders wanted to radically transform how businesses handle their users’ financial, healthcare, and other personal data -- the data that powers the digital economy. Inspired by the data vaults that leaders like Apple and Netflix built to handle customer data, its vision was to deliver the same kind of data privacy vault as a simple and elegant API, something any developer could easily build into their application, the same way they use Stripe, Twilio, or Okta. Skyflow is based in Palo Alto, California, with offices in Bangalore, India.