This morning, Skyflow announced that it has raised a $30 million Series B extension led by Khosla Ventures. The deal is interesting on a number of fronts, including the round's structure and how Skyflow has been impacted by the growth of AI. The new capital comes after Skyflow expanded its data privacy business to support new AI technologies last year. In an interview with TechCrunch, Skyflow cofounder and CEO Anshu Sharma said that its AI-related software offerings have rapidly become a material portion of its total business. The startup saw its revenues from large language model-related usage grow from 0% to around 30% more recently, implying that the company's growth rate was augmented by market need for data-management services stemming from the data voracity of LLMs. Skyflow's business began life as an API that stored personally identifying information, or PII, on behalf of customers. AI has broadened the sort of data that it might to contain. In the current era of data...
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