Cloud data privacy solutions provider Skyflow Inc. today raises $30 million in new funding to expand its Privacy Vault solution and meet complex data localization requirements as concerns grow over sensitive data protection in AI applications I announced what I had done.
Founded in 2019, Skyflow integrates with any technology stack and provides a data privacy vault that makes it easy to enforce privacy policies across any app, data cloud, and large-scale language model.The company describes itself as: Data Privacy and Artificial Intelligence The privacy company was founded to radically simplify how businesses isolate, protect and manage their customers' most sensitive data.
Skyflow's Data Privacy Vault was designed to simplify how businesses isolate, protect, and manage their customers' most sensitive data. The company's solutions provide a global network of data privacy vaults for companies looking to securely implement LLM and meet complex data localization requirements.
The company claims that while LLM adoption is increasing, there are few data protection mechanisms in place, putting compliance, security and privacy at risk. The problem, they see, is that once sensitive data enters a model, it's nearly impossible to remove, making data deletion requests much more difficult as required by new privacy laws.
Skyflow acts as a privacy trust layer, helping businesses prevent sensitive data from entering AI models in the first place. Customers can define sensitive terms as needed, protecting sensitive information beyond personally identifiable information and corporate intellectual property.
The company provides services using a proprietary technology called “polymorphic encryption.” The encryption method designed by Skyflow protects data without compromising the ease of use for critical operations such as analytics, marketing, and customer support.
Skyflow has experienced strong growth and counts GoodRx Holdings Inc., Lenovo Group Ltd., and Hippocratic AI LLC among its customers. Skyflow processes over 2 billion application programming interface calls every quarter.
Khosla Ventures LLC led the Series B round, with participation from previous investors Mouro Capita LP, Foundation Capital LLC, and Canvas Ventures Co. Ltd.
“With the emergence of AI-powered enterprise applications, the need for trust and privacy infrastructure is key to protecting sensitive data,” Vinod Khosla, founder of Khosla Ventures, said in a statement. “Skyflow is reimagining how data is managed and secured across all apps, clouds and LLMs, making us an integral part of every enterprise business.”
Skyflow has raised $100 million so far, including new funding, according to data from Tracxn.
Anshu Sharma, co-founder and CEO of Skyflow, spoke with theCUBE, SiliconANGLE Media Inc.'s livestreaming studio, in July to discuss how the company is using its Zero Trust vault to protect data privacy. We talked about rationalization. In an interview, Sharma explained how the company's vaults allow users to search sensitive data even if it is encrypted.
Image: Skyflow
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