SkyFi raises $12.7M to turn satellite images into insights

Austin: SkyFi is a startup that makes satellite images useful. They have built a platform that works like a photo library, but for pictures from space. People in finance, defense, and insurance like using it. The company now offers analytics, which means they give helpful information along with pictures. CEO Luke Fischer says their goal is to solve problems for both businesses and government like never before.

SkyFi just got $12.7 million in funding. This money will help them grow their services even more. The funding round was led by Buoyant Ventures and IronGate Capital Advisors. Many other companies also wanted to invest. Fischer said they originally wanted to raise $8 million but had so much interest that they raised even more.

SkyFi’s service has become popular, making it easier to work with satellite image providers. The company has access to a lot of different kinds of data. Fischer believes they have learned what their customers want over the years. He likens their work to Uber, which tracks how people move. Similarly, SkyFi tracks what people are interested in seeing from space.

With this funding, they plan to make their platform even better. Fischer is excited that even his daughters use the platform for school projects. They can tell satellites to take pictures for homework all on their phones.