# SkyHive Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skyhive-technologies

- Industry: Software
- Headquarters: Vancouver, Canada
- Website: www.skyhive.io
- Total disclosed funding: $48M
- Latest round: Series B (Oct 20, 2021)
- Investors on record: 5

## About

SkyHive Technologies Inc. specializes in revolutionizing workforce capabilities, offering innovative solutions that connect individual skills to diverse career opportunities globally through advanced technology.SkyHive Technologies Inc. is an innovative company focused on transforming workforce dynamics by providing cutting-edge solutions for skill development and employment optimization. Founded in 2017 in Vancouver, Canada, the company has secured a total of 5 deals, with the most recent funding round being Series B, raising USD 40.00 mn led by Eldridge Industries on April 11, 2022. The company was co-founded by Mohan Reddy and Sean Hinton, who serves as the CEO.SkyHive's primary offerings revolve around transforming workforce capabilities through its innovative products, prominently featuring the SkyHive Skill Passport™ and the SkyHive Platform. The Skill Passport™ is designed to assist individuals in identifying their unique skill DNA, connecting their competencies to diverse career pathways globally. This tool enables job seekers to accelerate their career advancement by investing in relevant skill development, facilitating their transition into various employment sectors. Additionally, the SkyHive Platform integrates advanced skills matching algorithms to help employers visualize and understand the skills within their workforce beyond traditional job titles, aiming to foster internal mobility and optimize talent deployment. The company serves a broad clientele, including government entities, educational institutions, and private enterprises across various geographical markets, such as North America, Europe, and Asia-Pacific, ensuring a comprehensive solution for workforce development.SkyHive generates revenue primarily through subscription-based models and partnerships with organizations seeking to enhance their workforce strategies. Clients engage with the company through a structured transaction model where they subscribe to the SkyHive Platform and the Skill Passport™ services. These offerings include access to real-time labor market data, predictive analytics, and automated skills detection tools essential for workforce planning and skills inventory management. The pricing structure aligns with the specific needs of the organization, enabling customized solutions for both B2B clients and individual job seekers. Although specific pricing details are proprietary, the services are positioned to deliver significant value, evidenced by the engagement rates and successful outcomes reported by clients in various sectors.In April 2022, SkyHive Technologies Inc. raised USD 40.00 mn in a Series B funding round led by Eldridge Industries. The company will utilize these funds to support its growing global operations, particularly its continued expansion in the European market. SkyHive aims to enhance its product offerings and expand into new geographic regions by developing additional features for the SkyHive Platform and Skill Passport™, although specific product release dates and new market targets have yet to be disclosed.

## Funding rounds

- Series B, Oct 20, 2021, $40M — AllegisCyber Capital, Partnership Fund for New York City, Accenture Technology Ventures, Workday Ventures, Eldridge Industries
- Series A, Nov 2, 2020, $8M — AllegisCyber Capital, Partnership Fund for New York City, Accenture Technology Ventures, Workday Ventures

## Investors

- AllegisCyber Capital (https://capitalatlas.ai/funds/allegiscyber-capital) — Series A, Series B
- Partnership Fund for New York City (https://capitalatlas.ai/funds/partnership-fund-for-new-york-city) — Series A, Series B
- Accenture Technology Ventures (https://capitalatlas.ai/funds/accenture-technology-ventures) — Series A, Series B
- Workday Ventures (https://capitalatlas.ai/funds/workday-ventures) — Series A, Series B
- Eldridge Industries (https://capitalatlas.ai/funds/eldridge-industries) — Series B