Skyflow, founded in 2019, uses proprietary technology known as polymorphic encryption to protect data without inhibiting its usability for critical business tasks. The technology serves as a "privacy trust layer," preventing sensitive information from entering AI models and making the adoption of AI technology safer. Companies can define their own "sensitive data," providing additional protection beyond personally identifiable information, intellectual property, or other critical information categories.
Key takeaways:
- Data privacy vault Skyflow has raised $30 million in an extension Series B round led by Khosla Ventures, bringing its total equity capital to $100 million.
- The investment comes amid a growing need for sensitive data protection, especially with the proliferation of Large Language Models (LLMs).
- Skyflow's technology, which includes a proprietary technology called polymorphic encryption, serves as a privacy trust layer, blocking sensitive information from entering AI models.
- Founded in 2019, Skyflow made its debut at FinovateSpring 2022, demonstrating how its technology helps financial services companies securely handle sensitive data.