# Skymind

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.skymind.ai
- Total disclosed funding: $12M
- Latest round: Series A (Nov 9, 2018)
- Investors on record: 18

## About

Skymind, Inc. provides advanced artificial intelligence solutions, focusing on customizable AI applications that enhance operational efficiency for various industries, including finance and healthcare.Founded in 2014 in San Francisco, US, Skymind, Inc. specializes in AI technology, particularly known for its Konduit suite. In November 2018, the company raised USD 8.93 mn in Series A funding, led by TransLink Capital, with participation from other investors like Tencent and ServiceNow Ventures. The funding has supported their strategic direction in AI applications, and the company has closed five total deals to date. The founder's background is not specified in available sources.Skymind specializes in providing a comprehensive suite of artificial intelligence (AI) solutions tailored for businesses and organizations. At the heart of their offerings is the Konduit technology suite, which includes Eclipse Deeplearning4j, the leading deep learning library for Java. This platform enables companies to develop and implement custom AI applications, facilitating seamless integration of machine learning functionalities into existing enterprise applications while bridging the gap between data science and software engineering. Skymind's services primarily target industries such as finance, healthcare, manufacturing, and logistics, focusing on improving operational efficiency, automating decision-making processes, and enhancing productivity. The company serves a diverse client base, including both public and private sector organizations across North America, Europe, and Asia, allowing them to harness the potential of AI to drive innovation and growth.Skymind generates revenue through strategic partnerships and direct business transactions with clients, particularly in the form of software licensing and subscription-based access to their AI platforms. These transactions typically involve contractual agreements where clients benefit from ongoing support and updates as part of their subscription. Flagship products such as Eclipse Deeplearning4j are integral to their revenue model, appealing to businesses that require robust machine learning capabilities within Java environments. The client engagement structure emphasizes long-term partnerships, fostering a collaborative approach to AI implementation that positions Skymind as a key player in their customers' technological advancement. The pricing structure is designed to accommodate varying scales of enterprise needs, reflecting the company's commitment to providing accessible and effective AI solutions.Following the Series A funding of USD 8.93 mn raised in November 2018, Skymind plans to enhance its product offerings and expand into new markets. The company is focusing on launching new AI products designed for various sectors and aims to enter additional geographic regions strategically by 2022. The recent funding will be utilized to bolster research and development, ensuring that Skymind can meet the evolving demands of its clients and remain competitive in the AI landscape.

## Funding rounds

- Series A, Nov 9, 2018, $8.9M — TransLink Capital, Mandra Capital, Tencent Investment, Y Combinator, Presidio Ventures, GMO VenturePartners, Govtech Fund, ServiceNow Ventures, Hemi Ventures, UpHonest Capital
- Seed, Sep 28, 2016, $3M — Mandra Capital, Tencent Investment, SV Angel, GreatPoint Ventures, Y Combinator, FundersClub, Rising Tide, Streamlined Ventures, Soma Capital Management, Liquid 2 Ventures, Hemi Ventures, S2 Capital
- Seed, Nov 1, 2015, $0.1M — Y Combinator, FundersClub
- Seed, Apr 4, 2015, $0.2M — Tencent Investment

## Investors

- Tencent Investment — Seed, Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Mandra Capital (https://capitalatlas.ai/funds/mandra-capital) — Seed, Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- GreatPoint Ventures (https://capitalatlas.ai/funds/greatpoint-ventures) — Seed
- Rising Tide — Seed
- Streamlined Ventures (https://capitalatlas.ai/funds/streamlined-ventures) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Hemi Ventures (https://capitalatlas.ai/funds/hemi-ventures) — Seed, Series A
- S2 Capital (https://capitalatlas.ai/funds/s2-capital) — Seed
- TransLink Capital (https://capitalatlas.ai/funds/translink-capital) — Series A
- Presidio Ventures (https://capitalatlas.ai/funds/presidio-ventures) — Series A
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series A
- Govtech Fund (https://capitalatlas.ai/funds/govtech-fund) — Series A
- ServiceNow Ventures (https://capitalatlas.ai/funds/servicenow-ventures) — Series A
- UpHonest Capital (https://capitalatlas.ai/funds/uphonest-capital) — Series A