Data privacy vault company Skyflow announced it has raised $30 million to extend its Series B funding. Khosla Ventures led the round, joined by prior investors Mouro Capital, Foundation Capital, and Canvas Ventures. This funding round follows revenue growth of more than 210% and quick adoption in the emerging market of sensitive data protection for large language models (LLMs).
Skyflow is a data privacy vault built to radically simplify how companies isolate, protect, and govern their customers’ most sensitive data. With its global network of data privacy vaults, it is a comprehensive solution for companies looking to implement LLMs and securely meet complex data localization requirements. Skyflow supports nearly a billion user data records for global customers like GoodRx, Lenovo, and Hippocratic AI and processes more than two billion API calls quarterly.
Skyflow is powered by proprietary polymorphic encryption, the only way of encrypting data on the market that protects data without sacrificing its usability for critical business operations, such as analytics, marketing, and customer support.
LLM adoption has been increasing across the market even though few data protection initiatives are in place, putting compliance, security, and privacy at risk. Removing sensitive data is challenging once sensitive data enters a model, making executing a data deletion request much more difficult.
Skyflow is a privacy trust layer that helps companies prevent sensitive data from entering AI models. This makes the adoption of generative AI simpler and safer. Skyflow customers can define sensitive terms as they see fit, allowing them to protect sensitive information beyond PII (Personally Identifiable Information) or company IP.
Skyflow recently expanded its data residency solution to support China, enabling global companies to scale in Asia without significant changes to their technology stacks. This simplifies compliance with China’s most stringent data privacy and security regulations: the Personal Information Protection Law (PIPL) and the Cybersecurity Law (CSL).
Skyflow’s data privacy vault infrastructure already covers regional and national data localization requirements for 150+ countries, enabling customers to easily isolate, protect, govern, and localize sensitive data wherever they operate.
KEY QUOTES:
“With the advent of enterprise applications powered by AI, the need for trust and privacy infrastructure is key to protecting sensitive data. Skyflow is rethinking how data can be managed and protected across any app, cloud or LLM, making it a company that will be vital for every enterprise business.”
– Vinod Khosla, founder of Khosla Ventures
“We see an urgent need for companies to make privacy a core part of their technology stack as LLMs and AI hurdle forward, ingesting more and more personal data. Skyflow is the only solution that allows companies to build privacy by design into their technological infrastructure without overhauling anything – anywhere in the world.”
– Anshu Sharma, co-founder and CEO of Skyflow
