About Skytap
Skytap is a company based in Seattle (United States) founded in 2006 was acquired by Kyndryl in May 2024. Skytap has raised $127.51 million across 9 funding rounds from investors including Goldman Sachs, Kyndryl and Vistara Growth. The company has 138 employees as of December 31, 2022. Skytap offers products and services including Skytap on Azure, Skytap on IBM Cloud, and Skytap Virtual IT Labs. Skytap operates in a competitive market with competitors including Odoo, Harness, Kony, CircleCI and CloudBees, among others.
- Headquarter Seattle, United States
- Employees 138 as on 31 Dec, 2022
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Skytap, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$127.51 M (USD)
in 9 rounds
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Latest Funding Round
$18 M (USD), Series E
Oct 19, 2023
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Investors
Goldman Sachs
& 9 more
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Employee Count
138
as on Dec 31, 2022
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Acquired by
Kyndryl
(May 13, 2024)
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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.
People of Skytap
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Software Development Team
273 people
Leadership Team
140 people
Senior Team
36 people
Sales and Marketing
30 people
Data Analysis and Operations Team
20 people
Product Management Team
12 people
Consult Team
12 people
Project Team
11 people
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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.
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.
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Debt and equity solutions are provided to mid-to-late-stage technology companies.
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Investment banking services are delivered across multiple financial sectors.
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Investor details for Skytap
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Skytap
Investment portfolio details for Skytap
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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- Investment values
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Financial Statements - Skytap
Detailed financials for Skytap
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
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Skytap Comparisons
Peer comparison for Skytap
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- Headcount comparison
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Competitors of Skytap
Skytap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Odoo, Harness, Kony, CircleCI and CloudBees, among others.
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Open-source business management software is developed with integrated modules.
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Automatic builds, testing, and deployments are managed via self-service platform.
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Cloud-based platform for field operations and digital banking is provided.
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Cloud-based software is provided for continuous integration and delivery management.
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Cloud-based continuous delivery software is offered for application development.
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Low-code platform enables application development and deployment without coding.
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Detailed competitors of Skytap
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on 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.
As of Dec 31, 2022, the latest employee count at Skytap is 138.
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's top competitors include DigitalOcean, Harness and CircleCI.
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.