Venture Capital News: Skyflow Raises $45M Series B Funding
2021-10-19
PALO ALTO, CA, Skyflow, the leading customer data privacy company, today announced a $45 million 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. With this new investment, Skyflow has raised over $70M in the last 18 months, and is positioned for rapid growth.
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.
Founded in 2019, Skyflow is a data privacy vault for sensitive data. Our 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, our 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.
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