Skyflow, a company that provides a service through an application programming interface (API) to store user data for businesses, has secured $30 million to expand its Series B funding. Khosla Ventures and previous investors Mouro Capital, Foundation Capital, and Canvas Ventures led the round.
According to a statement from the company, the new funding comes as there is a growing demand for protecting sensitive data, especially for Large Language Models (LLMs) in a new and developing market.
Based in Palo Alto, California, the startup was founded by Anshu Sharma and Roshmik Saha, alumni of IIT Kharagpur. Their company offers data privacy vault services to digital-native businesses. These services help companies segregate, safeguard, and regulate sensitive customer data.
Skyflow utilizes a unique technology known as polymorphic encryption. This technology ensures data protection without compromising usability for essential business functions like analytics, marketing, and customer support.
“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,” said Sharma, the CEO of Skyflow.
Businesses can opt for Skyflow’s systems to securely integrate Large Language Models (LLMs) and fulfill data localization regulations worldwide. The platform serves clients such as GoodRx, Lenovo, and Hippocratic AI, managing nearly a billion user data r
“With the advent of enterprise applications powered by artificial intelligence, 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, said in the statement.
Skyflow, with an additional office in Bengaluru, previously raised $45 million in a Series B funding round in 2021.
