About SkyWater
SkyWater is a publicly listed company based in Bloomington (United States) founded in 1980, and was acquired by IonQ in January 2026. Manufacturer of volume foundry services. The company has 702 employees. Its chief executive, as recorded, is Thomas Sonderman. Its website skywatertechnology.com draws about 43 thousand monthly visits. SkyWater offers products and services including Technology as a Service (TaaS) and CMOS Manufacturing. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services. Its legal entity is SkyWater Technology.
Company details
SkyWater, based in Bloomington, focuses on industrial goods and manufacturing, and manufacturing services. Manufacturer of volume foundry services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Products & Services of SkyWater
SkyWater offers a comprehensive portfolio of products and services, including Technology as a Service (TaaS) and CMOS Manufacturing.
Development services and volume manufacturing are provided for semiconductors, enabling the path to production for various technologies
CMOS technologies are produced for mixed-signal applications, supporting sectors like aerospace and defense
Apps and channels of SkyWater
its YouTube channel SkyWater Technology has 394 subscribers and 6 videos.
Videos from SkyWater
The most watched videos on SkyWater's YouTube channel, SkyWater Technology (394 subscribers). Click a video to play it here.
More on SkyWater Technology.
Funding Insights of SkyWater
- Total Rounds 4
- First Round $170M
(Oct 2019)
- Investors Count 1
All 4 funding rounds of SkyWater 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 |
|---|---|---|---|---|---|
| Sep 2022 | Grant | – | – | ||
| Jul 2022 | $15M | Grant | – | – | |
| Jul 2022 | $27M | Grant | – | – | |
| Oct 2019 | $170M | Grant | – | – |
2 investors in total: 2 institutional.
Investors in SkyWater
SkyWater has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include IonQ and U.S. Department of Defense.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Military forces are provided by the U.S. Department of Defense for national security. | defense.gov | Washington, D.C., United States | ||
Universal quantum computers using trapped-ion technology are provided via cloud. | 2015 | ionq.com | College Park, United States |
Investor details for SkyWater
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People of SkyWater
57 people are tracked at SkyWater (26 in leadership, 1 in board & advisors, 30 in team); the tracked headcount is 702.
| Name | Role | Group |
|---|---|---|
Joseph Humke | Board of Directors | Leadership |
Thomas Sonderman | CEO & Director | Leadership |
Dennis Goetz | Board Member | Leadership |
Tara Luther | Director | Leadership |
Gary Obermiller | Chairman | Leadership |
Nick Korolchuk | Vice President Of Central Engineering | Leadership |
Tom Sonderman | CEO | Leadership |
Chris Hilberg | Chief Legal Officer & General Counsel | Leadership |
Brad Ferguson | Chief Government Affairs Officer, SkyWater Florida & SVP and General Manager | Leadership |
Kristen Bergstrom | Vice President Human Resources | Leadership |
Juergen Woehl | Vice President Operations | Leadership |
Steve Manko | Chief Financial Officer | Leadership |
Mike Lindstrom | Senior Director Of Manufacturing Systems | Leadership |
Allison Kneller | Human Resources Business Partner | Leadership |
Brian O'Loughlin | Sales Director | Leadership |
Sara Johnson | Director Of Talent Acquisition | Leadership |
Ben Young | Vice President Corporate Controller | Leadership |
Raymond Turcotte | Sr. Director, Procurement | Leadership |
John Spicer | Executive Vice President Of Operations | Leadership |
Sudhakar Adivikolanu | Senior Vice President | Leadership |
37 more people are available in the full profile.
Complete people profiles for SkyWater
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of SkyWater
SkyWater is a publicly listed company on the NASDAQ with ticker symbol SKYT in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date21 Apr 2021
- Listed onNASDAQ: SKYT
- Listed entitySkyWater Technology, Inc.
- Exchange sectorProducer manufacturing
- ISINUS83089J1088
- Share price$33.72 (+2% on the day) · 2026-05-11
- Market capitalisation$1.66B
- Price to earnings14.5
- EPS (diluted, trailing year)$2.33
- Volume (last session)712,254
- Analyst consensusNeutral
Financials of SkyWater
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | $342.3M | -$6.8M | $25.4M |
| 2023 | $286.7M | -$30.8M | $16.1M |
| 2022 | $212.9M | -$39.6M | -$1.6M |
| 2021 | $162.8M | -$50.7M | -$32.5M |
| 2020 | $140.4M | -$20.6M | $12.3M |
Detailed financial statements for SkyWater
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of SkyWater
5 dated milestones of SkyWater across 46 years, from founding to its latest funding, stage changes and deals.
- Founded SkyWater is founded.
- Funding First funding round of $170.0M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Grant,.
- Exit Acquired by IonQ.
Web traffic of SkyWater
The website of SkyWater (skywatertechnology.com) receives about 42.9K visits a month.
- Monthly visits42.9K
▲ 66.3% vs previous month
Websites whose visitors overlap most with SkyWater. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| milwaukeejobs.com | 100% | #364,553 | View details |
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as SkyWater (Contract & Outsourced Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | 1969 | San Jose, California, United States | USD 5.06 M | USD 27.91 B | 147,980 | |
Equipment and parts for HVAC/R industry are supplied. | 1956 | Miami, Florida, United States | USD 7.24 B | 7,290 | ||
Wood-fired grills are manufactured and supplied by Traeger. | 1987 | Salt Lake City, Utah, United States | USD 559.52 M | 666 |
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Related news about Skywater
Complete news archive for SkyWater
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Frequently Asked Questions about SkyWater
SkyWater was founded in 1980 and raised its 1st funding round 39 years after it was founded.
SkyWater is headquartered in Bloomington, United States. It is registered at Bloomington, Indiana, United States.
Thomas Sonderman is the CEO of SkyWater, as recorded in our data.
SkyWater has 702 employees.
Annual revenue of SkyWater is $342.27M as on Dec 31, 2024.
SkyWater, based in Bloomington, focuses on industrial goods and manufacturing, and manufacturing services. Manufacturer of volume foundry services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
SkyWater offers Technology as a Service (TaaS) and CMOS Manufacturing.
Yes, SkyWater is publicly traded on NASDAQ under the ticker symbol SKYT.
SkyWater has 2 investors. Key investors include IonQ, and U.S. Department of Defense.
SkyWater operates through Skywater Technology.
Yes. SkyWater was acquired by IonQ in January 2026.