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  • Satellite Evolution Group

SkyFi Closes $7M Seed Round

SkyFi announced the successful closure of its Seed funding round with $7 million in new investment. Led by Balerion Space Ventures, a prominent investor in the New Space economy, the round also saw 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, also participated 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 are 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."


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