Skytap is a Seattle-based company whose software augments traditional applications such as IBM Power to enable them to run on cloud services. The company was founded 16 years ago and employs about 143 people. It is led by CEO Bradley Schick, who took over in 2019 and previously founded Wegos. Skytap's product focuses on enabling legacy/traditional applications to operate on modern cloud infrastructure. The company raised $18 million in funding from Vistara Growth, reflecting a fresh round of capital noted in the article. No revenue or user metrics were disclosed in the provided text. Skytap operates its own cloud platform designed to help enterprises migrate and modernize existing on‑premises applications. The service supports replicating on‑prem architectures including VMware setups on Linux, Solaris, or Windows on x86 and, via a close partnership with IBM, AIX on IBM Power Systems. Skytap aims to retain customers as they adopt microservices and containers and is building features such as the Skytap Container Management service to support that transition. Current customers include NBCUniversal, GE Healthcare, CA Technologies and OpenText. The company reported average revenue per customer grew 60% year‑over‑year in Q2 2017 and its cloud utilization rate has grown 10x in the last three years. According to Crunchbase, total funding to date is $109 million. Skytap provides a cloud-based platform that enables enterprise development and test teams to recreate production environments and validate applications prior to going live. The company says it will use the new funding to fuel product innovation for enterprise-ready development and test environments, expand go-to-market capacity, and bring more partners on board. Over the last year Skytap has doubled revenue and headcount, though it did not disclose absolute revenue figures. It serves 275 enterprise customers (up from about 250 in January) and operates a partner program with 12 business partners and 25 technology alliance partners, including Microsoft, HP, IBM, Oracle, Cloudera, CentOS, RedHat and Ubuntu. Skytap recently expanded support for running its services on Amazon AWS. The company was originally called Illumita and had previously raised $29.5M in various funding rounds beginning with a Series A in 2007. Skytap provides a SaaS-based software development and testing offering that lets enterprise dev/test teams build software faster. Its Skytap Cloud is accessible via modern web browsers, a REST-based API, a command line interface, and integrations with ALM tools such as Jenkins and Visual Studio TFS. The company is led by CEO Thor Culverhouse and serves approximately 270 enterprise customers. Skytap closed a $6.45M extension of its Series C financing to support growth. The company plans to use the funds to develop its channel program, accelerate its commercialization strategy, and recruit personnel across marketing, field sales and engineering. The product and go-to-market remain focused on enterprise dev/test workflows. Skytap provides cloud automation solutions that let enterprises and software vendors develop, test and demo cloud applications. The product enables users to run enterprise applications in the cloud, collaborate with global teams, and gain business productivity. IT organizations can use Skytap to gain visibility and control over cloud projects, align capacity with demand, and reduce costs. Enterprises can connect Skytap to their data centers and create virtual private clouds. According to an SEC filing, Skytap raised $10 million in financing in the latest round, bringing total financing to $23 million. The filing lists previous investors Ignition Partners, Madrona Venture Group, and Washington Research Foundation as represented in the new round, and adds OpenView Venture Partners as a new investor. The article also notes that Bezos Expeditions was an early investor.

Total raised

$121M

Funding rounds

6

Latest round

Equity

Latest activity

Oct 2023