About Skytap
Skytap is a Technology company based in Seattle (United States) founded in 2006, and was acquired by Kyndryl in May 2024. Cloud-based environments are delivered for application development and testing. Skytap has raised $127.51 million across 9 funding rounds from investors including Goldman Sachs, Kyndryl and Vistara Growth. The company has 138 employees. Its website skytap.com draws about 93 thousand monthly visits. Skytap offers products and services including Skytap on Azure, Skytap on IBM Cloud, and Skytap Virtual IT Labs. Its focus areas include Enterprise Infrastructure, PaaS, Platform & Dev Tools and Integrated. Its legal entity is SKYTAP, INC. Its competitors include Harness, Kony and CircleCI; 3 of its 3 listed competitors have raised funding.
Company details
Skytap was founded in 2006 and is headquartered in Seattle, United States. Operations focus on the cloud computing sector, where on-demand environments are provided to streamline software delivery processes. Self-service access is enabled for learning, development, testing, training, and running enterprise applications. Migration and modernization of business applications are also supported through these services.
- Headquarters Seattle, United States
- Employees 138
- Stage Acquired
- SectorsTechnology
- Website skytap.com
- Social LinkedIn X Facebook
- Acquired by Kyndryl (May 2024)
- Legal Name Skytap, Inc.
- Total Equity Funding$127.51M (USD)
in 9 rounds
- Latest Funding Round$18M (USD), Series E
Oct 2023
- InvestorsGoldman Sachs
& 9 more
- Employee Count138
- Acquired byKyndryl
(May 2024)
Products & Services of Skytap
Skytap offers a comprehensive portfolio of products and services, including Skytap on Azure, Skytap on IBM Cloud, and Skytap Virtual IT Labs.
Enables migration and running of IBM Power workloads on Azure.
Supports native IBM Power workloads in the cloud environment.
Delivers scalable virtual labs for software training and demos.
Funding Insights of Skytap
Skytap has successfully raised a total of $127.51M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $18 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $127.51M
- Total Rounds 9
- Last Round Series E — $18M
- First Round $100,000
(Jun 2006)
- Investors Count 9
All 9 funding rounds of Skytap with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | $18M | Series E | – | Vistara Growth | – |
| Aug 2017 | $45M | Series E | – | Goldman Sachs | |
| Dec 2014 | $35M | Series D | – | Insight Partners | |
| Feb 2014 | $6.45M | Series C | – | OpenView, Madrona Venture Group | – |
| Dec 2010 | $10M | Series C | – | OpenView | |
| Apr 2009 | $60,000 | Series C | – | – | – |
| Mar 2009 | $7M | Series B | – | – | |
| Aug 2007 | $6M | Series A | – | – | |
| Jun 2006 | $100,000 | Debt – Conventional | – | – | – |
10 investors in total: 9 institutional and 1 angel.
Investors in Skytap
Skytap has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Goldman Sachs, Kyndryl and Vistara Growth.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Debt and equity solutions are provided to mid-to-late-stage technology companies. | vistaragrowth.com | Vancouver, Canada | ||
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond. | madrona.com | |||
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
US expansion-stage companies are invested in by OpenView. | openviewpartners.com | Boston, United States | ||
Investments in enterprise software sectors are made by Ignition Partners. | ignition.vc | Los Altos, United States | ||
Early-stage investments are made in Washington-based startups by WRF Capital. | wrfcapital.com | Seattle, United States | ||
Investment management and philanthropic ventures linked to Bezos Expeditions. | bezosexpeditions.com | |||
JB Jeff Bezos | unknown_c9deb41b0a02429ca | |||
Mobile application development, data management, and cloud services are offered. | 2021 | kyndryl.com | New York, United States |
Investor details for Skytap
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Skytap
719 people are tracked at Skytap (331 in leadership, 388 in team); the tracked headcount is 138.
| Name | Role | Group |
|---|---|---|
Nathalie Hardijzer | Associate Director, Corporate Communications | Leadership |
Markus Leimgruber | Managing Consultant, Global Network & Edge Consulting | Leadership |
Jorg Granacher | Vice President, Head Of Cloud Growth, US Market | Leadership |
Richard McRobbie | Director Of Cyber Security | Leadership |
Naga Ayachitula | Vice President, Aiops Engineering(data/analytics & Ai/ml) And Distinguished Engineer | Leadership |
Lina Tjerneld | VP Marketing, Strategic Markets | Leadership |
Luisa Pires | Delivery Partner | Leadership |
Peter Sandall | Partner - Government Of Alberta | Leadership |
Fausto Pasqualetti | Vice President - Senior Partner - Kyndryl Consult | Leadership |
Nina Kny | Director, Field Marketing Strategic Markets EMEA | Leadership |
Sathya Peraboina | Partner | Kyndryl Consult | Business Process Transformation & Consulting | Leadership |
Cari Walters | Vice President, CTO Technical Consulting | Leadership |
Javier Esteban Delgado | Delivery Partner | Leadership |
Mark Potts | Vice President, Growth And Offerings | Leadership |
Yannick Bergeron | Vice President, Kyndryl Consult - Public Sector Canada | Leadership |
Giovana Trevenzoli | Chief Revenue Officer (cro) | Leadership |
Riyaz Ahmed Khaja Hussain | Associate Director, Infrastructure/cloud Architecture | Leadership |
Amanda Kingsbury | Vice President, Content Marketing | Leadership |
Federico Botti | Vice President | Security And Resilience Practice, Italy | Leadership |
Kishan Narasiah | Director - Data & AI Consulting | Leadership |
699 more people are available in the full profile.
Complete people profiles for Skytap
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Skytap
4 dated milestones of Skytap across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Skytap is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Series E, of $18.0M.
- Exit Acquired by Kyndryl.
Competitors of Skytap
Skytap has 3 listed competitors in our database, 3 of them funded. They include Harness, Kony and CircleCI.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| harness.io | 2017 | San Francisco, United States | $613.79M | 267 | Automatic builds, testing, and deployments are managed via self-service platform. | |
| kony.com | 2007 | Austin, United States | $107.67M | 222 | Cloud-based platform for field operations and digital banking is provided. | |
| circleci.com | 2011 | San Francisco, United States | $315.5M | 404 | Cloud-based software is provided for continuous integration and delivery management. |
Detailed competitors of Skytap
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Skytap
The website of Skytap (skytap.com) receives about 92.7K visits a month.
- Monthly visits92.7K
▲ 1.5% vs previous month
Websites whose visitors overlap most with Skytap. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rightscale.com | 100% | 8.3K | #2,751,445 | View details | |
| rackspace.com | 96% | 3.1M | #20,167 | View details | |
knowall.net | knowall.net | 78% | #1,161,064 | – | |
| esds.co.in | 77% | 43K | #706,255 | View details | |
browser.lol | browser.lol | 77% | #88,212 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Skytap
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in IT Services & Operations
3 companies that operate in the same segment as Skytap (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Related news about Skytap
Complete news archive for Skytap
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Frequently Asked Questions about Skytap
Skytap was founded in 2006.
Skytap is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Skytap is a funded company, having raised a total of $127.51M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $100K, raised on Jun 2006.
Skytap has 138 employees.
Skytap was founded in 2006 and is headquartered in Seattle, United States. Operations focus on the cloud computing sector, where on-demand environments are provided to streamline software delivery processes. Self-service access is enabled for learning, development, testing, training, and running enterprise applications. Migration and modernization of business applications are also supported through these services.
Skytap offers Skytap on Azure, Skytap on IBM Cloud, and Skytap Virtual IT Labs.
Skytap has 10 investors. Key investors include Goldman Sachs, Kyndryl, Vistara Growth, Madrona, and Insight Partners.
Skytap operates through Skytap, Inc..
Yes. Skytap was acquired by Kyndryl in May 2024.