SkyFi, the fastest-growing platform for on-demand geospatial imagery, today announced that it has closed $12.7 million in Series A funding. The tech company has been likened to “Getty Images” but for satellite imagery. It partners with over 50 geospatial imagery providers and plays an active role in providing images in real time. SkyFi originally had a target raise of $8 million. They lowered their goal down to $10 million and blew past that, winding up at $12.7 million.
The investment will skyrocket SkyFi’s platform development and growth. Through its website and mobile application, this new, state-of-the-art service provides users with timely, relevant, and actionable intelligence and imagery. This comprehensive and forward-thinking approach further establishes SkyFi as an essential tool across multiple industries, such as finance, defense, infrastructure, and insurance.
SkyFi’s platform lets customers “task” satellites, which means they can request images of particular locations at scheduled times. With more than 6,700 satellites orbiting Earth, this vast capability has never been more accessible. They provide high-frequency, near-real-time imagery, which is essential for swift decision-making.
Luke Fischer, CEO of SkyFi, spoke to this challenge, noting that it is critical to get actionable insights into the hands of customers. He stated, “I think the real goal for us is providing answers for customers, both government and commercial.” This deep, abiding commitment to understanding and fulfilling customer needs has been the fuel behind the platform’s development and success.
Fischer explained that the satellite imagery landscape is rapidly changing. “Imagery is a commodity, or it’s closely becoming a commodity, so it’s not just about speed of delivery, but more importantly, speed of delivery of answers to customers.” His claim—knowing customers’ needs and desires before they do—that insight is probably what placed SkyFi ahead of its market competitors.
SkyFi’s co-founder, Bill Perkins, who brings experience from the hedge fund sector, has contributed to the company’s strategic direction. The firm has done an admirable job of utilizing data and customer feedback to continually iterate on and improve its analytical products. This software-first model allows SkyFi to operate without the constraints of hardware capital expenses, as Fischer explained: “It gives us a much better purview. And again, you know, we’re software first, so I don’t have that capital expense on hardware that I have to pay for.”
As investor interest in defense-related technologies continues to soar, SkyFi has seen a demand for its services far outpacing its initial projections. 2025 is on track to be a record year for investments in this sector. This wave is indicative of the growing appreciation and understanding of the power that satellite imagery and analytics can unlock across multiple sectors.
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