Skyflow, which offers an API for privacy, has scored $7.5m in its Seed funding round which was led by Foundation Capital.
Mitsui’s MSAD venture firm joined the round alongside several angel investors, including former GE CEO Jeff Immelt and former AthenaHealth CEO Jonathan Bush.
Founded in 2019, Skyflow enables companies to manage, access and govern their sensitive data. Its technology is API-based making it easy for companies to integrate with their existing infrastructure.
Skyflow co-founder and CEO Anshu Sharma said, “We started Skyflow because we were inspired by what companies like Apple, Google, Netflix and others were doing to rewire their systems to prevent data breaches.
“Unlike most payment systems, Apple Pay doesn’t even ever store or use your real credit card number even when you make a payment. Skyflow has taken a similar approach to all the sensitive data so companies can run their workflows, analytics and machine learning to serve the customer, but do so without exposing the data as a result of a potential theft or breach.
“Recent breakthroughs in encryption and new hardware technologies like Intel SGX have allowed us to build something that was a distant dream for most even a few years ago.”
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