We report on efficient generation of second harmonic laser and single-mode vacuum squeezed light of 795 nm with periodically poled KTiOPO4 (PPKTP) crystals. We achieved 111 mW of ultra-violet (UV) light at 397.5 nm from 191 mW of fundamental light with a PPKTP crystal in a doubling cavity, corresponding to a conversion efficiency of 58.1%. Using the UV light to pump an optical parametric oscillator with a PPKTP crystal, we realized -5.6 dB of a maximum squeezing. We analyzed the pump power dependence of the squeezing level and concluded that the UV light induced losses limit the improvement of the squeezing level. The generated squeezed light has huge potential application in quantum memory and ultra-precise measurement.