Sky’s the Limit for Skyflow With $45 Million Round

<p><strong>PALO ALTO<&sol;strong> &&num;8212&semi; Skyflow&comma; a customer data privacy company&comma; announced a &dollar;45 million Series B financing round&period; Led by New York-based Insight Partners&comma; and joined by strategic investors focused on fintech&comma; digital health&comma; and API-first companies&period; With this new investment&comma; Skyflow has raised over &dollar;70 million in the last 18 months&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Also investing in the round is Mouro Capital&comma; a venture firm backed by a leading multinational bank&comma; and the venture capital arm of a leading global insurance giant&comma; Mitsui’s MS&amp&semi;AD Ventures&period; Additionally&comma; existing investors Canvas Ventures and Foundation Capital doubled down on earlier investments&semi; and leading fintech angels such as Coinbase Board Member Gokul Rajaram have personally invested in the company&period; The company intends to use the new funding to accelerate the growth of its sales&comma; marketing and engineering teams and plans to hire 100 new employees by the end of 2022&period;<&sol;p>&NewLine;<p>Skyflow radically simplifies how companies manage&comma; access and govern sensitive customer data&period; The zero-trust data vault with an elegant API allows developers to quickly build applications and workflows without worrying about data security&comma; privacy or compliance&period; Over the past two years&comma; Skyflow has expanded exponentially and achieved many milestones such as&colon;<&sol;p>&NewLine;<ul class&equals;"bwlistdisc">&NewLine;<li>Launched its new Skyflow Data Privacy Vault API<&sol;li>&NewLine;<li>Hired over 50&plus; engineers<&sol;li>&NewLine;<li>Hired and built out leadership team with top executives from companies such as Heroku&comma; Salesforce&comma; Google&comma; Visa and Paypal<&sol;li>&NewLine;<li>Launched Data Residency globally including Americas&comma; EMEA and APAC<&sol;li>&NewLine;<li>Unveiled a partnership with VISA and integrations with many fintech companies<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&OpenCurlyDoubleQuote;Skyflow started with a very simple question&colon; What if privacy had an API&quest;” said Anshu Sharma&comma; co-founder and CEO at Skyflow&period; &OpenCurlyDoubleQuote;The market is flooded with tools that offer a piecemeal approach to security&comma; compliance&comma; and privacy&period; The fastest growing companies neither have the time nor the desire to buy and integrate point solutions&period; Skyflow offers a radically simple solution to a complex set of interconnected problems&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;As an investor in several leading neo-banks and digital health companies&comma; we saw them buying telephony from Twilio&comma; payments from Stripe but re-inventing the wheel on privacy infrastructure&comma;” said George Mathew&comma; Managing Director at Insight Partners&comma; &OpenCurlyDoubleQuote;Skyflow’s zero-trust vault approach seems just so obvious &&num;8212&semi; after you see it working&period; Customer after customer we spoke to told us how much they love the product &&num;8212&semi; and the team&period; This is the kind of category-creating company we love investing in&period;”<&sol;p>&NewLine;