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Palo Alto, Calif. — Oct. 19, 2021 — Skyflow, the main buyer knowledge privateness firm, right this moment introduced a $45M Sequence B financing spherical. Led by New York-based international non-public fairness and enterprise capital agency Perception Companions, and joined by strategic traders targeted on fintech, digital well being, and API-first firms. With this new funding, Skyflow has raised over $70M within the final 18 months, and is positioned for speedy development.
Additionally investing within the spherical is Mouro Capital, a enterprise agency backed by a number one multinational financial institution, and the enterprise capital arm of a number one international insurance coverage large, Mitsui’s MS&AD Ventures. Moreover, current traders Canvas Ventures and Basis Capital doubled down on earlier investments; and main fintech angels equivalent to Coinbase Board Member Gokul Rajaram have personally invested within the firm. The corporate intends to make use of the brand new funding to speed up the expansion of its gross sales, advertising and engineering groups and plans to rent 100 new staff by the tip of 2022.
Skyflow radically simplifies how firms handle, entry and govern delicate buyer knowledge. The zero-trust knowledge vault with a chic API permits builders to shortly construct purposes and workflows with out worrying about knowledge safety, privateness or compliance. Over the previous two years, Skyflow has expanded exponentially and achieved many milestones equivalent to:Launched its new Skyflow Information Privateness Vault APIHired over 50+ engineers Employed and constructed out management workforce with prime executives from firms equivalent to Heroku, Salesforce, Google, Visa and Paypal Launched Information Residency globally together with Americas, EMEA and APACUnveiled a partnership with VISA and integrations with many fintech firms
What if privateness had an API?
“Skyflow began with a quite simple query: What if privateness had an API?” stated Anshu Sharma, co-founder and CEO at Skyflow. “The market is flooded with instruments that provide a piecemeal strategy to safety, compliance, and privateness. The quickest rising firms neither have the time nor the will to purchase and combine level options. Skyflow gives a radically easy resolution to a posh set of interconnected issues.”
“As an investor in a number of main neo-banks and digital well being firms, we noticed them shopping for telephony from Twilio, funds from Stripe however re-inventing the wheel on privateness infrastructure,” stated George Mathew, Managing Director at Perception Companions, “Skyflow’s zero-trust vault strategy appears simply so apparent — after you see it working. Buyer after buyer we spoke to informed us how a lot they love the product — and the workforce. That is the type of category-creating firm we love investing in.”
Information Residency and International Information Safety
Skyflow clients now embody main North American firms in insure-tech, bank card platforms, medical trial knowledge, neo-banks, medical gadget startups — and lots of others within the fintech and digital well being house.
Additional, in response to international demand for knowledge residency options, Skyflow has made its vault out there throughout the Americas, APAC, and EMEA — with dwell clients equivalent to Spoon Cash in India.
“Skyflow’s strategy is radically easy,” stated Kalpesh Kapadia, CEO of Deserve. “An API for all of your PII knowledge privateness. It is apparent as soon as you concentrate on it.”
“Skyflow offers us a safe knowledge vault, with customizable entry controls and PCI compliance inbuilt,” stated Ed Cortis, CTO of Unifimoney. “It frees my workforce to concentrate on delivery options.”
Privateness Information Vault: Zero-Belief Structure for Everybody
Fintech and healthcare firms have needed to commit months or years to constructing out a privateness infrastructure. With Skyflow’s Information Privateness Vault, firms could be up and operating in hours. Skyflow drastically cuts down the time it takes to adjust to GDPR, PCI and HIPAA.
Skyflow product choices embody::Each firm with buyer delicate knowledge wants a zero-trust structure to reply these questions on PII – what, the place, when and the way?Fintech Information Privateness Vault To assist fintech firms take care of PCI, GDPR & extra.Healthcare Information Privateness Vault To assist healthcare firms ship sooner whereas navigating HIPAA, GDPR, and automate safe knowledge sharing.
About Skyflow
Based in 2019, Skyflow is an information privateness vault for delicate knowledge. Our founders wished to radically rework how companies deal with their customers’ monetary, healthcare and different private knowledge — the info that powers the digital financial system. Impressed by the info vaults that leaders like Apple and Netflix constructed to deal with buyer knowledge, our imaginative and prescient was to ship the identical type of knowledge privateness vault as a easy and chic API, one thing any developer might simply construct into their software, the identical method they use Stripe, Twilio, or Okta. Skyflow relies in Palo Alto, California, with places of work in Bangalore, India. For extra info, go to http://www.skyflow.com or observe on Twitter and LinkedIn.
About Perception Companions
Perception Companions is a number one international enterprise capital and personal fairness agency investing in high-growth know-how and software program ScaleUp firms which can be driving transformative change of their industries. Based in 1995, Perception Companions has invested in additional than 400 firms worldwide and has raised by way of a sequence of funds greater than $30 billion in capital commitments. Perception’s mission is to search out, fund, and work efficiently with visionary executives, offering them with sensible, hands-on software program experience to foster long-term success. Throughout its folks and its portfolio, Perception encourages a tradition round a perception that ScaleUp firms and development create alternative for all. For extra info on Perception and all its investments, go to insightpartners.com or observe us on Twitter @insightpartners.
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