Skytap Overview

  • Year Founded
  • 2006

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 161

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $51M

  • Investors
  • 1

Skytap General Information

Description

Developer of a cloud automation platform designed to modernize traditional enterprise applications. The company's platform integrates into an existing process and makes it easy to build, run, and evolve hybrid applications by rapidly migrating traditional workloads to the cloud, enabling companies to modernize development practices and integrate new cloud architectures into multi-and hybrid-cloud strategies.

Contact Information

Website
www.skytap.com
Formerly Known As
Illumita
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 255 South King Street
  • Suite 800
  • Seattle, WA 98104
  • United States
+1 (206)
Primary Industry
Business/Productivity Software
Other Industries
Systems and Information Management
Automation/Workflow Software
Parent Company
Kyndryl Holdings
Vertical(s)
SaaS
Corporate Office
  • 255 South King Street
  • Suite 800
  • Seattle, WA 98104
  • United States
+1 (206)

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Skytap Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
12. Merger/Acquisition 26-Apr-2024 $51M Completed Generating Revenue
11. Later Stage VC 19-Oct-2023 Completed Generating Revenue
10. Debt - General 16-Dec-2022 Completed Generating Revenue
9. Later Stage VC (Series E1) 28-Oct-2019 Completed Generating Revenue
8. Later Stage VC (Series E) 22-Aug-2017 Completed Generating Revenue
7. Secondary Transaction - Private 09-Apr-2015 Completed Generating Revenue
6. Later Stage VC (Series D) 18-Dec-2014 Completed Generating Revenue
5. Later Stage VC (Series C1) 05-Feb-2014 Completed Generating Revenue
4. Later Stage VC (Series C) 31-Dec-2010 $10M $23M Completed Generating Revenue
3. Early Stage VC (Series B) 15-Mar-2009 $7M $13M Completed Generating Revenue
To view Skytap’s complete valuation and funding history, request access »

Skytap Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate ($) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series E1
Series E
Series D
Series C1
Series C
Series B 9,208,320 $0.000100 $0.06 $0.78 $0.78 1x $0.78 8.3%
Series A 7,856,189 $0.000100 $0.06 $0.78 $0.78 1x $0.78 7.08%
To view Skytap’s complete cap table history, request access »

Skytap Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a cloud automation platform designed to modernize traditional enterprise applications. The company's platfo
Business/Productivity Software
Seattle, WA
161 As of 2024

Houston, TX
 

San Jose, CA
 
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Skytap Competitors (36)

One of Skytap’s 36 competitors is BMC Software, a Private Equity-Backed company based in Houston, TX.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
BMC Software Private Equity-Backed Houston, TX
Nutanix Formerly VC-backed San Jose, CA
Scalr (Business/Productivity Software) Venture Capital-Backed Walnut Creek, CA
Firebase Formerly VC-backed San Francisco, CA
Citrix Systems Private Equity-Backed Fort Lauderdale, FL
You’re viewing 5 of 36 competitors. Get the full list »

Skytap Patents

  • 1

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

Skytap Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20130139158-A1 Multitenant hosted virtual machine infrastructure Inactive 02-May-2008

Skytap Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Skytap Former Investors (11)

Investor Name Investor Type Holding Investor Since Participating Rounds
Bezos Expeditions Family Office Minority
Goldman Sachs Growth Equity Growth/Expansion Minority
Gunjan Garg Angel Group Minority
Ignition Partners Venture Capital Minority
Insight Partners Venture Capital Minority
You’re viewing 5 of 11 investors. Get the full list »

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Skytap FAQs

  • When was Skytap founded?

    Skytap was founded in 2006.

  • Where is Skytap headquartered?

    Skytap is headquartered in Seattle, WA.

  • What is the size of Skytap?

    Skytap has 161 total employees.

  • What industry is Skytap in?

    Skytap’s primary industry is Business/Productivity Software.

  • Is Skytap a private or public company?

    Skytap is a Private company.

  • What is the current valuation of Skytap?

    The current valuation of Skytap is .

  • What is Skytap’s current revenue?

    The current revenue for Skytap is .

  • How much funding has Skytap raised over time?

    Skytap has raised $157M.

  • Who are Skytap’s investors?

    Bezos Expeditions, Goldman Sachs Growth Equity, Gunjan Garg, Ignition Partners, and Insight Partners are 5 of 11 investors who have invested in Skytap.

  • Who are Skytap’s competitors?

    BMC Software, Nutanix, Scalr (Business/Productivity Software), Firebase, and Citrix Systems are some of the 36 competitors of Skytap.

  • When was Skytap acquired?

    Skytap was acquired on 26-Apr-2024.

  • Who acquired Skytap?

    Skytap was acquired by Kyndryl Holdings.

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