Skyflow is a privacy API for sensitive data that is based on a client data vault.Skyflow is creating a secure data privacy platform with an API as the front end to make sure that all of this data is safeguarded and utilised as intended. With Skyflow’s data privacy vault, any kind of personally identifiable information may be readily managed, saved, and used securely. There are provisions for PCI, PHI, HIPAA, GDPR, CCPA, and other legal compliance.
Skyflow Problem/Service addressed:
Skyflow Data Privacy Vault provides secure storage and use of data with four pillars.
Business Model/Revenue Streams:
At this time, Skyflow’s yearly revenue is anticipated to be $17.4M.(i) Skyflow expects to earn $147,119 per worker.
Biggest challenges:
For healthcare providers and healthtech businesses to succeed and win the trust of their clients, privacy, security, and ethics are essential.
Customers will only use healthtech applications and medical equipment if they can trust them, after all. You’ll discover that HIPAA compliance is essential for your company, even if it isn’t directly subject to HIPAA regulations, if you use sensitive PHI.
Recent funding:
Over the course of three rounds, Skyflow secured funds totaling $70 million.A Series B round of funding was received by them on October 19, 2021. Eight investors are paying for Skyflow. The most recent investors are Gokul Rajaram and MS&AD Ventures.
SkyFlow Future plans:
Their goal is to provide Data Privacy Vaults via a straightforward and attractive API to address the world’s ever-growing data privacy issue, enabling every workflow, system, and application to offer best-in-class data privacy. Similar to adding payments to an app using Stripe, their API makes it simple to add data privacy. This enables businesses to safeguard critical data without reducing its usability, allowing them to concentrate on their core offerings and innovate more quickly.
