# SkyFoundry

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skyfoundry

- Industry: Software
- Headquarters: Glen Allen, US
- Website: www.skyfoundry.com
- Latest round: Seed (Jun 1, 2011)
- Investors on record: 1

## About

SkyFoundry specializes in developing advanced software solutions for data analytics in smart systems, enhancing operational efficiency, energy management, and greenhouse gas monitoring across various industries.SkyFoundry was founded in 2008 and is headquartered in Glen Allen, US. The company focuses on delivering data analytics solutions for smart devices and equipment systems, leveraging automated analytics for performance improvement. The founders, Brian Frank and Sri Lekha, bring expertise in tech innovations. SkyFoundry has successfully raised funding to support its growth, but specific details about the investment rounds are not disclosed. The total number of deals known is 2.SkyFoundry's primary offering is its SkySpark software platform, designed to connect, store, analyze, and visualize data from smart devices and equipment systems. This platform utilizes automated analytics to generate key performance indicators (KPIs) focused on energy management and greenhouse gas (GhG) monitoring. Deployed in over 15,000 buildings and covering more than one billion square feet, SkySpark serves various sectors, including intelligent buildings, industrial operations, agriculture, energy, government, and healthcare. The company markets its products primarily in North America, Europe, and Asia, targeting businesses looking to optimize operational efficiency through advanced data analytics.SkyFoundry operates on a subscription-based revenue model, enabling clients to access the SkySpark platform. Transactions typically involve direct business-to-business relationships, with enterprises purchasing software licenses based on their operational needs. The company offers a range of pricing plans, including enterprise-level subscriptions for larger organizations and scalable options for smaller facilities. The SkySpark platform is crucial for driving these revenues while fostering long-term partnerships with clients seeking data analytics solutions. Specific pricing plans or revenue figures remain undisclosed.SkyFoundry plans to enhance its product offerings by developing new features for the SkySpark platform, although specific release dates are not provided. The company is also targeting expansion into emerging markets in Asia and Europe, aiming for growth by 2025. Recent funding will support these initiatives, particularly in strengthening product development and market penetration. Additionally, Battery Ventures has exited its investment in SkyFoundry, marking a transition in the company's funding structure.

## Funding rounds

- Seed, Jun 1, 2011 — Battery Ventures

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Seed