Posted 3/28/2024, 6:08:12 PM
Skyflow Raises $30M as Demand for Its Privacy Software Surges with AI Growth
- Skyflow raises $30M extension round led by Khosla Ventures to support fast growth of its privacy software business fueled by AI demand
- Revenues from large language model usage grew from 0% to 30% recently as data privacy needs spike with AI data hunger
- Raising smaller round now at lower valuation after big 2021 funding to limit dilution while capturing growth
- Company more than doubled revenues last year to hit double-digit millions, benefiting from trends in AI infrastructure and API businesses
- Skyflow's growth linked to speed of enterprise LLM adoption, making it a barometer for the AI software gold rush