SkyGiraffe raises $3 million in Series A
SkyGiraffe is a leader in enterprise mobility that has announced it has raised $3 million in Series A funding led by Trilogy Equity Partners with participation from existing investor 500 Startups. The funding will be used to invest in sales and marketing along with U.S. operation expansions. More details below:
MENLO PARK, California, February 18, 2015 /PRNewswire/ –SkyGiraffe, the leader in enterprise mobility, today announced the closing of $3 million in Series A funding. The round was led by Trilogy Equity Partners with participation from existing investor 500 Startups. The new funding will enable SkyGiraffe to invest in sales and marketing, expand its US operations and accelerate its product roadmap.
IDC predicts that “IT organizations will dedicate at least 25% of their software budget to enterprise mobile application development, deployment and management by 2017? and that “45% of mobile enterprise app initiatives to be delayed or go over budget in 2015.”
SkyGiraffe solves the two most critical challenges of enterprise mobility – speed and scale. SkyGiraffe enables immediate deployment of unlimited enterprise-grade read and write mobile applications, for virtually any business function to any device. The full-stack solution securely integrates with a company’s back-end systems, and presents a unique technological innovation that completely disrupts the traditional path to enterprise mobility.
“Enterprise employees have benefited from the tremendous boost in their personal productivity ushered by smart phone and web services. When it comes to the work side, most employees have access only to corporate email on their mobile device – whereas they need access to many other internal applications. SkyGiraffe enables enterprises to deploy unlimited mobile apps in hours rather than months,” said Yuval Neeman of Trilogy Equity Partners.
Parker Thompson, Partner at 500 Startups said, “Building a mobile app typically takes 6-12 months. SkyGiraffe brings enterprise mobility the 10x solution everyone is looking for. We invested in SkyGiraffe because their technology solves the real problem of enterprise mobility – linking mobile to underlying systems. Everything else gives marginal added value – whereas SkyGiraffe is a paradigm shift.”
“Mobility is a critical success factor for today’s enterprises. 60% have built 3 or less custom apps. CIOs need to find a solution that delivers scale and speed without sacrificing security,” said Boaz Hecht, Co-Founder and CEO of SkyGiraffe. “Closing our Series A allows us to grow and meet the increasing demand we are experiencing.”
SkyGiraffe is the pioneer and leader in a new and exploding category: code-free custom mobile apps. Through an enterprise grade, full-stack platform, the company empowers businesses to immediately create fully custom and secure mobile business apps.
The company was recognized as a “disruptive start-up in enterprise cloud computing,” by The Washington Post, and named Most Innovative Mobility Solution at the Enterprise Mobility Forum.
SkyGiraffe has raised a total of $4.5m from Trilogy Equity Partners, Microsoft Ventures, 500 Startups and enterprise software veterans.
The company is based in Menlo Park, CA with R&D in Israel.
About Trilogy Equity Partners
Established by a team of wireless and technology entrepreneurs, Trilogy Partnership invests private capital in areas where in-house expertise and market growth promise superior financial returns.
Current businesses include investments in multiple early stage application and infrastructure companies as well as operating wireless carriers in several countries. Trilogy seeks high growth opportunities in both developed and emerging countries.