The new funding round was led by Insight Partners. Mouro Capital, MS&AD Ventures, Canvas Ventures, Foundation Capital, and Coinbase board member Gokul Rajaram also participated.

Skyflow says it wants to use the new investment to further grow its sales, marketing, and engineering teams. The company plans to hire 100 new employees by the end of 2022.

The company seeks to simplify the manner in which businesses manage, access, and govern sensitive customer data. It offers a zero-trust data vault and an API that organizations can use to create applications and workflows.