About SmartSky Networks
SmartSky Networks is a company based in Charlotte (United States) founded in 2011.. SmartSky Networks has raised $364.9 million across 13 funding rounds from investors including BlackRock, Tiger Infrastructure and WP Global Partners. The company has 84 employees as of December 31, 2021. SmartSky Networks offers products and services including Air-to-Ground Network. SmartSky Networks operates in a competitive market with competitors including Inmarsat, Gogo, Immfly, Netskrt and Lumexis, among others.
- Headquarter Charlotte, United States
- Employees 84 as on 31 Dec, 2021
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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 Smartsky Networks, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$364.9 M (USD)
in 13 rounds
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Latest Funding Round
$27.8 M (USD), Series B
Jun 13, 2022
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Investors
BlackRock
& 4 more
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Employee Count
84
as on Dec 31, 2021
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Products & Services of SmartSky Networks
SmartSky Networks offers a comprehensive portfolio of products and services, including Air-to-Ground Network. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provided high-performance connectivity for aviation using patented technology.
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Funding Insights of SmartSky Networks
SmartSky Networks has successfully raised a total of $364.9M across 13 strategic funding rounds. The most recent funding activity was a Series B round of $27.8 million completed in June 2022. 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 Total Funding
- Total Rounds 13
- Last Round Series B — $27.8M
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First Round
First Round
(15 Jul 2012)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - SmartSky Networks | Valuation |
investors |
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| Feb, 2021 | Amount | Debt – Conventional - SmartSky Networks | Valuation |
investors |
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| Feb, 2021 | Amount | Series B - SmartSky Networks | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SmartSky Networks
SmartSky Networks has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include BlackRock, Tiger Infrastructure and WP Global Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tiger Infrastructure is focused on middle market infrastructure investments.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SmartSky Networks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SmartSky Networks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smartsky Networks Comparisons
Competitors of SmartSky Networks
SmartSky Networks 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 Inmarsat, Gogo, Immfly, Netskrt and Lumexis, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Satellite-based communication services for data and voice are provided globally.
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| domain | founded_year | HQ Location |
In-flight connectivity and entertainment solutions are provided for airlines.
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| domain | founded_year | HQ Location |
Inflight platform offering media content and eCommerce to travellers during flights through their PEDs
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| domain | founded_year | HQ Location |
Cloud and IOT enabled on-board connectivity solutions for transit operators
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| domain | founded_year | HQ Location |
Provides entertainment systems tailored for in-flight experiences on airplanes.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Smartsky Networks
Frequently Asked Questions about SmartSky Networks
When was SmartSky Networks founded?
SmartSky Networks was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is SmartSky Networks located?
SmartSky Networks is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Is SmartSky Networks a funded company?
SmartSky Networks is a funded company, having raised a total of $364.9M across 13 funding rounds to date. The company's 1st funding round was a Series B of $32M, raised on Jul 15, 2012.
How many employees does SmartSky Networks have?
As of Dec 31, 2021, the latest employee count at SmartSky Networks is 84.
What does SmartSky Networks do?
SmartSky Networks was founded in 2011 and is headquartered in Charlotte, United States. Operations are centered in the aerospace connectivity sector, where LTE-based in-flight solutions are delivered. A 4G air-to-ground system incorporating patented beamforming technology is utilized to enable communication. Services include high-capacity spectrum allocation of sixty MHz for aircraft internet access. Focus remains on North American aviation markets.
Who are the top competitors of SmartSky Networks?
What products or services does SmartSky Networks offer?
SmartSky Networks offers Air-to-Ground Network.
Who are SmartSky Networks's investors?
SmartSky Networks has 5 investors. Key investors include BlackRock, Tiger Infrastructure, WP Global Partners, Platform Partners, and Meritage Funds.