TFX Capital is thrilled to announce the announcement of SkyFi’s successful Series A funding round. SkyFi, billed by CEO Luke Fischer as the “geospatial front door for the world,” raised $12.7 million.
Demand for and delivery of overhead imagery is booming, flipping a traditionally gatekept intelligence asset on its head.
“It’s no longer about: ‘Can we launch a rocket, can we put metal in space?’ It’s about, ‘How do the customers get the answers?’ You needed a company like us to come in and be like, ‘This is our sweet spot.'”
— SkyFi CEO Luke Fisher
SkyFi works with a network of more than 50 companies, including Vantor, Planet, Iceye US, Near Space Labs, Umbra and TurbineOne, to collate and distribute optical, synthetic aperture radar, hyperspectral and aerial imagery as well as related analytics.
“This is where we’re going to focus: on speed to answers, speed to imagery.”
What’s next: SkyFi is looking to “round out the team” but not “massively increase” its workforce, according to Fischer. The company is based in Austin, a defense-tech hotspot.
Read the entire press release here.
