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MAY 23

SkyFi Has Secured Investor Commitments For Its $7 Million Seed Funding Round

SkyFi Closes $7 Million Seed Round

Austin, Texas [May 23, 2023] - SkyFi, the innovative startup revolutionizing the accessibility and affordability of Earth observation data and analytics, announced today that SkyFi has secured investor commitments for  its $7 million Seed funding round. Led by Balerion Space Ventures, a prominent investor in the New Space economy, the round also includes contributions from existing investors J2 Ventures and Moving Capital, the venture capital firm founded by former Uber executives. Notably, Bill Perkins, a renowned investor and co-founder of SkyFi, is also participating in the funding round. With this latest infusion of capital, SkyFi's total funding raised to date exceeds $17 million.

SkyFi, headquartered in Austin, Texas, is disrupting the Earth observation industry by simplifying the process of ordering Earth observation imagery and analytics through its user-friendly apps and enterprise-grade API. By partnering with leading satellite and aerial imaging companies and leveraging cutting-edge technology, SkyFi empowers customers to easily access a wide range of data sensors, including optical, synthetic aperture radar (SAR), nighttime, and multispectral. This transformative approach has garnered significant attention and investor support, propelling SkyFi's rapid growth and market expansion.

"Our successful seed round represents a major milestone for SkyFi, reflecting the strong confidence and belief in our vision to make Earth observation data and analytics accessible, affordable, and actionable," said Bill Perkins, Co-Founder of SkyFi. "We are grateful for the support from Balerion Space Ventures, J2 Ventures, Moving Capital, and our other esteemed investors, whose contributions will fuel our continued innovation and enable us to cater to the diverse needs of our customers across various industries."

The additional funding will further bolster SkyFi's efforts in enhancing its software platform and expanding its suite of offerings. With a focus on serving customers in agriculture, construction, real estate, insurance, finance, mining, and other sectors, SkyFi aims to provide a comprehensive platform that enables data-driven decision-making and drives business growth. By integrating partners’ advanced analytics capabilities, such as object detection, change detection, and visual modeling, SkyFi empowers users to unlock actionable insights from the vast amount of Earth observation data collected every day.

"We excited to partner with Balerion Space Ventures, J2 Ventures, and Moving Capital, as well as welcome the continued support from Bill Perkins, who brings a wealth of expertise and industry knowledge to our team," added Luke Fischer, Co-Founder and CEO of SkyFi. "Together, we are committed to propelling SkyFi to new heights, expanding our reach, and delivering unparalleled value to our customers."

SkyFi's relentless focus on user experience, seamless purchasing process, and commitment to delivering high-quality satellite imagery has garnered praise and widespread adoption. With over 20,000 accounts registered from 185 countries, SkyFi has established itself as a leading player in the Earth observation industry, catering to a diverse customer base ranging from individual consumers to large enterprise clients and government agencies.

As SkyFi continues its journey to transform the geospatial landscape, the company remains dedicated to its mission of providing easy access to Earth observation data.

About SkyFi:

SkyFi is a startup based in Austin, Texas, that is revolutionizing the accessibility and affordability of Earth observation data and analytics. Through its user-friendly mobile and desktop apps and API, SkyFi enables customers to order Earth observation data with ease, empowering them to make informed decisions and gain valuable insights. By partnering with leading satellite, aerial, and drone companies and integrating advanced analytics capabilities, SkyFi is at the forefront of transforming the Earth observation industry