Total amount raised
$97 Million
Latest funding date
3/1/2024
Location
Skyflow has successfully raised funding over four rounds, with the latest being a Series B round led by Firestreak Ventures and Khosla Ventures. The company specializes in data privacy and security solutions, particularly for AI and sensitive data.
Skyflow's innovative approach to securing the modern AI data stack has attracted a total of ten investors, including Canvas Prime and Firestreak Ventures. Keep reading to explore the intricacies of Skyflow's fundraising journey and the investors backing this cutting-edge platform.
What Is Skyflow?
Skyflow is a company that provides data privacy and security solutions, focusing on protecting sensitive data such as PII, PCI, and PHI across various technology stacks. Their products include privacy vaults for different sectors like healthcare, payments, and AI. They offer compliance solutions for global data residency laws and partner with major cloud providers like AWS, Google Cloud, and Snowflake.
Founded in Palo Alto, California, Skyflow operates in industries such as Artificial Intelligence, Cyber Security, Machine Learning, Privacy, and Software. The company has between 101-250 employees and has raised funding through multiple rounds, with the latest being a Series B round.
How Much Funding Has Skyflow Raised?
- Seed Round
- Amount Raised: USD 7,500,000
- Date: May 2020
- Lead Investors: Foundation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their data privacy vault product.
- Series A
- Amount Raised: USD 17,500,000
- Date: December 2020
- Lead Investors: Canvas Prime
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series B (2021)
- Amount Raised: USD 45,000,000
- Date: October 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development of its data privacy vault services.
- Series B (2024)
- Amount Raised: USD 27,000,000
- Date: March 2024
- Lead Investors: Firestreak Ventures, Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support data privacy in AI and global data residency.
Total Amount Raised: USD 97,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Canvas Prime
- Details: Canvas Prime is a venture capital firm that invests in early-stage technology companies. They were the lead investor in Skyflow's Series A round.
- Investment Focus Areas: Technology, data privacy, cybersecurity.
- Notable Investments: Not publicly disclosed.
- Firestreak Ventures
- Details: Firestreak Ventures is a venture capital firm known for investing in innovative technology startups. They led Skyflow's Series B round in 2024.
- Investment Focus Areas: Technology, AI, data privacy.
- Notable Investments: Not publicly disclosed.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla. They led Skyflow's Series B extension round in 2024.
- Investment Focus Areas: Technology, AI, enterprise applications.
- Notable Investments: Square, DoorDash, Stripe.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They led Skyflow's Series B round in 2021.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Not publicly disclosed.
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that invests in early-stage technology companies. They were the lead investor in Skyflow's seed round.
- Investment Focus Areas: Technology, fintech, data privacy.
- Notable Investments: Netflix, LendingClub.
What's Next for Skyflow?
Skyflow stands at the cusp of significant opportunities, particularly in data privacy for AI and global data residency. With the increasing adoption of AI and the urgent need for data privacy solutions, Skyflow's proprietary technology positions it well to capitalize on these trends. The company's expansion into markets like China further underscores its growth potential.
Given the successful $30 million funding round led by Khosla Ventures, Skyflow is well-poised for future fundraising opportunities. The involvement of high-profile investors suggests continued confidence in Skyflow's market potential, paving the way for additional rounds to support its expansion and innovation.
However, Skyflow faces challenges such as navigating complex global data privacy regulations and competing with other data privacy solutions. Ensuring compliance and maintaining robust security measures will be crucial as the company scales its operations and continues to innovate in a rapidly evolving market.
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