Dentsu Ventures invests in US-based Data & AI company Skyflow
Dentsu Group announced that Dentsu Ventures Fund II, the company’s corporate venture capital fund, has made an investment in Skyflow, a pioneering company that offers data privacy vaults built to radically simplify how companies isolate, protect, and govern their customers’ most sensitive data.
Skyflow has raised over $30M in its Series B extension round, led by Khosla Ventures with Dentsu Ventures participating as the first Japanese fund to invest.
Maintaining compliance while protecting personally identifiable information (PII) can be a significant challenge for many organizations. Even with the best of intentions, PII can end up dispersed across various storage systems, making the maintenance of robust security and compliance measures a difficult task to manage. In addition, adoption of LLMs is increasing across the market even though there are few data protection mechanisms in place, putting compliance, security, and privacy at risk.
Through its global network of data privacy vaults, Skyflow provides a comprehensive solution for companies around the world handling customers’ sensitive data and looking to securely implement LLMs and meet complex data localization requirements. With Skyflow’s data privacy vault, companies can protect sensitive data while maintaining its usability for various use cases such as support, analytics, and marketing across their organizations. This enables companies to apply governance policies across their entire tech stack at scale. Skyflow supports nearly a billion records of user data for global customers and processes more than two billion API calls quarterly. Dentsu’s investment comes on the heels of many new and existing residency laws all over the world- including the newly passed DPDP act in India.
Going forward, Dentsu Ventures will help Skyflow expand its business and consider creating synergies with the data privacy-related initiatives of dentsu globally.
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