- Skyflow has announced it raised $7.5 million and it launched an API for privacy, powered by a customer data vault
Skyflow has announced it launched an API for privacy, powered by a customer data vault. And the company also raised $7.5 million in a seed round led by Foundation Capital with participation from former GE CEO Jeff Immelt, MSAD (insurance giant Mitsui’s venture firm), and former AthenaHealth CEO Jonathan Bush.
How does Skyflow work? Just like companies like Twilio and Stripe simplify complex piecemeal solutions in payments and telephony with a simple API, Skyflow enables companies with sensitive data like PII, PCI or PHI manage, access, and govern with a small set of API calls.
Despite the growing number of cybersecurity offerings, there still continues to be data breaches of social security numbers, credit card data, and health data. And even with a spate of new laws like GDPR to CCPA, companies continue to abide only by the letter of security compliance rather than the true spirit of protecting consumers.
This is why former Salesforce executives and tech founders Anshu Sharma and Prakash Khot launched Skyflow. Skyflow has a team of more than 20 engineers and industry-leading experts in cloud security, tokenization, and homomorphic encryption.
Key Quotes:
“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.”
– Todd McKinnon, CEO of Okta
“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 a 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 a 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.”
– Anshu Sharma Co-founder & CEO of Skyflow
