Skynet Technology develops platforms and digital technologies to support retail operations for Fashion & Luxury brands. The company’s offerings focus on making points of sale more attractive, experiential and technologically advanced to enable dynamic and efficient management. The deal announcement states Skynet plans international commercial expansion and development of proprietary innovative technologies, including AI. The capital raise is intended to support growth and the attraction of new managerial resources. Current shareholders will remain involved in the business and retain operational roles after the transaction. Leadership changes tied to the deal include Massimiliano Molese taking the CEO role while founders Riccardo Badii and Gianluca Bellantuono continue to lead Administration and Operations respectively.

Total raised

$16M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2023