Skyflow secured $7.5 million in Seed Funding round backed by Foundation Capital

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Skyflow

Skyflow, a Mountain View, and California based provider of an API for privacy has recently secured $7.5 million in a seed funding round.

Founded in 2019, Skyflow offers privacy API for all your sensitive data. Built on a customer data vault. It allows companies with sensitive data to manage, access, and govern with a small set of API calls. The company has a team of more than 20 engineers from Cohesity, PayPal, Salesforce, Microsoft, and Oracle with expertise in encryption, database technology, cloud security, homomorphic encryption, and key management.

Executive Opinion

Todd McKinnon, CEO of Okta, said, "Anshu and Prakash recognized the power and potential of the cloud while we were all at Salesforce. Every business needs to be digital to compete, and trust has become so core to building a brand. Digital privacy, along with identity and security, will only become more important as organizations evolve and grow online."

Anshu Sharma Co-founder & CEO of Skyflow, said, "We started Skyflow because we were inspired by what companies like Apple, Google, Netflix and others were doing to rewire their systems to prevent data breaches, Unlike most payment systems, Apple Pay doesn’t even ever store or use your real credit card number even when you make payment. Skyflow has taken a similar approach to all the sensitive data so companies can run their workflows, analytics, and machine learning to serve the customer, but do so without exposing the data as a result of potential theft or breach. Recent breakthroughs in encryption and new hardware technologies like Intel SGX have allowed us to build something that was a distant dream for most even a few years ago."

Skyflow's Latest Funding

The round was backed by the Foundation Capital in participation with Mitsui MSAD Venture firm, former AthenaHealth CEO Jonathan Bush, and former GE CEO Jeff Immelt.

The company, as of now, has plans to use the new funds to continue to expand business outreach and operations.

PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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