SkyWatch operates a platform that makes Earth observation data accessible and portable for private-industry customers without requiring customers to re-architect systems or handle unfamiliar formats. The company offers a commercial marketplace (EarthCache) and a new product, TerraStream, for full-service data management, ordering, processing and delivery. SkyWatch also helps satellite operators source customers and handle sales and delivery, addressing go-to-market challenges faced by technical satellite startups. The company has built a strong revenue pipeline and recently announced a partnership with SatRevolution to integrate additional satellite data. The fresh funding will be used to accelerate the rollout of TerraStream and expand SkyWatch’s ability to connect satellite companies with customers. CEO and co-founder James Slifierz frames TerraStream as “Shopify for space,” highlighting integration with third-party ecosystems and the AWS Marketplace. SkyWatch's core product, EarthCache, enables application developers to integrate satellite imagery into any software application with an industry-leading user experience. The company also launched TerraStream, a solution for satellite operators that integrates data storage, cataloging, ordering, processing, and delivery to reduce operational and financial risk. SkyWatch's client roster grew more than 10x over the past year and it will soon surpass 100 customers across more than a dozen industries. The Series A funding will enable the company to accelerate growth toward 1,000 customers over the next 12 months while continuing to develop partnerships with leading satellite operators. The round underscores strong private-sector appetite for Earth Observation data and supports SkyWatch's plans to commercialize and scale its technologies globally. Financially, SkyWatch raised $7.5 million (approximately CAD 10 million) in the Series A to fund these growth and product initiatives. SkyWatch is a Waterloo-based company that operates EarthCache, a platform for aggregating and distributing Earth observation satellite data to applications and marketplaces. EarthCache lets companies integrate satellite data into their software while enabling satellite operators to distribute data to new and underserved markets. The company is negotiating distribution rights with more than 30 satellite operators and targets customers across agriculture, energy, finance, infrastructure, market intelligence, and other industries. SkyWatch raised $4 million and plans to use the funding for strategic hiring, accelerating product development, and building partnerships. CEO and co‑founder James Slifierz said the platform lowers barriers to using Earth observation data by making integration as easy as payments via Stripe or communications via Twilio. Previously, SkyWatch raised $50,000 from Communitech Rev Demo Day in October 2017.

Total raised

$29M

Funding rounds

3

Latest round

Series B

Latest activity

Jun 2021