SkyFi’s platform. Photo: SkyFi

SkyFi, the AI-first Earth intelligence platform, has been boosted by new funding, raising close to $13 million in an oversubscribed Series A funding round. The company will use this $12.7 million investment to accelerate product development and enhance SkyFi’s technology, including its platform’s user interface and analytical tools. Additionally, the company plans to forge new partnerships with satellite operators to expand its on-demand data offerings and AI-enabled analytic capabilities for leading commercial and government customers. SkyFi announced the new funding on Jan. 14.

Buoyant Ventures and IronGate Capital Advisors co-led the round, with new participation from DNV Ventures, TFX Capital, Beyond Earth Ventures, Nova Threshold, and Chris Morisoli, and existing investors RSquared VC and J2 Ventures.

SkyFi’s has a network of more than 50 geospatial imagery partners that provides optical, synthetic aperture radar (SAR), hyperspectral, and aerial imagery, as well as data analytics. It serves industries including defense, energy, finance, infrastructure and construction, environmental services, agriculture, insurance, and mining. The company has developed a web platform and mobile app with the goal of changing how businesses, governments, and individuals acquire and analyze complex satellite imagery, to make it more accessible. Its satellite imagery partners include companies like Vantor, Iceye, and Planet.

CEO and co-founder Luke Fischer commented that the capital will allow SkyFi to scale its platform and reach more customers globally.

“This funding is a testament to the strong demand for a more accessible approach to Earth observation data. Geospatial intelligence is essential not only for military and defense purposes but for commercial uses as well. From asset and supply chain monitoring, to insurance and real estate, to energy utilities, agriculture, and environmental protection, we believe that powerful insights from space should be available to everyone, not just a select few,” Fischer commented.