Skyflow Raises $45M Series B for Data Privacy Vault API Platform
Skyflow, a data privacy API company, announced a $45 million Series B funding round led by Insight Partners. The company offers a Data Privacy Vault API that enables fintech and healthtech firms to securely handle sensitive data while complying with GDPR, PCI, and HIPAA regulations. By abstracting data privacy into an API layer, Skyflow allows companies to ship products faster without building complex compliance infrastructure from scratch.
The funding will support significant team expansion, with plans to hire 100 new employees by the end of 2022. Skyflow's platform is particularly relevant to the BaaS and embedded finance ecosystem, where handling sensitive financial data at scale requires robust compliance infrastructure. The company's approach of offering privacy-as-a-service through APIs mirrors the broader trend of unbundling financial services infrastructure into composable, API-driven components.
Insight Partners led the round, reflecting strong venture capital interest in compliance and data infrastructure for financial services.
- Growing demand for privacy-as-a-service APIs reflects increasing regulatory complexity facing embedded finance providers
- Composable compliance infrastructure becomes a critical enablement layer for BaaS platforms scaling across jurisdictions