Pandemic Accelerated digital transformation Applicable to companies in all walks of life.This is good news Sky kick, A Seattle start-up company, just received $130 million to drive the growth of its software and help companies migrate and manage their files in the cloud.
SkyKick was founded by a pair of former Microsoft employees, and its target customers are Information Technology Service Providers (ITSPs) who help small and medium enterprises manage cloud infrastructure.It has more than 30,000 ITSPs using its software, which aims to automate 90% of the manual labor of cloud workloads Email migration, data protection, and cloud management tasks for services such as Office 365. Customers include CDW, GoDaddy, Deutsche Telekom and Intermedia.
The market for cloud hosting services is estimated It will grow to US$116 billion by 2025, up from US$62.4 billion in 2020.
“We are still in the early stages of cloud automation in the SMB market. We are very pleased to take the next step in our vision to build the world’s most powerful automation platform for the IT service providers that serve them,” Schwartz and Li Qiman said in a joint statement.
SkyKick competes with BitTitan, another startup in the Seattle area that helps companies migrate to the cloud.
Morgan Stanley participated in the latest round of financing, including debt and equity. Existing investors Navin Thukkaram, Craig Nerenberg, Hawk Equity, Trebuchet Capital, Schechter Private Capital, etc. also participated. The total funding to date is US$200 million.
SkyKick has approximately 230 employees in offices in Seattle, Amsterdam, Sydney and Tokyo. It plans to add another 100 employees in the next 12 months.