Home Insight FUNDING NEWS- Newly Funded Startups 2024 Data Privacy Platform Skyflow Secures $30 Mn Funding Led by Khosla...

[Funding alert] Data Privacy Platform Skyflow Secures $30 Mn Funding Led by Khosla Ventures

[Funding alert] Data Privacy Platform Skyflow Secures $30 Mn Funding Led by Khosla Ventures
[Funding alert] Data Privacy Platform Skyflow Secures $30 Mn Funding Led by Khosla Ventures
To extend its Series B fundraising, Skyflow, the data privacy startup, secured an additional $30 million. In addition to previous investors Mouro Capital, Foundation Capital, and Canvas Ventures, Khosla Ventures led the round.

To extend its Series B fundraising, Skyflow, the data privacy startup, secured an additional $30 million. In addition to previous investors Mouro Capital, Foundation Capital, and Canvas Ventures, Khosla Ventures led the round.

The investment comes after over 210% revenue growth and rapid adoption in the developing privacy protection industry for large language models (LLMs).

Read also – [Funding alert] AI Security and Risk Management Startup SydeLabs Raises $2.5 Mn Seed Funding

“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 Anshu Sharma, co-founder and CEO of Skyflow. “Skyflow is the only solution that allows companies to build privacy by design into their technological infrastructure without overhauling anything – anywhere in the world.”

The secret technology that powers Skyflow is called adaptive encryption; it is the only method available for data encryption that preserves its usability for vital business functions like marketing, customer service, and analytics.

“With the advent of enterprise applications powered by AI, the need for trust and privacy infrastructure is key to protecting sensitive data,” said Vinod Khosla, founder of Khosla Ventures. “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.”

About Skyflow

Skyflow is an AI and data privacy firm that was founded to drastically streamline an organization’s ability to govern, isolate, and safeguard its most private client information. Skyflow is a complete solution for businesses worldwide wishing to meet complicated data localization standards and securely deploy LLMs thanks to its worldwide network of confidential information vaults.

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