Austin-based SkyFi has raised $12.7 million in a Series A funding round to accelerate the development of its satellite imagery and geospatial intelligence platform.
The round was co-led by Buoyant Ventures and IronGate Capital Advisors, with additional participation from DNV Ventures, Beyond Earth Ventures and TFX Capital. The fresh capital reflects growing demand from commercial and government customers seeking not just imagery, but fast, decision-ready insights.
From satellite images to real-world answers
Thousands of satellites now capture near real-time images of the Earth, but accessing and using that data has historically been complex. SkyFi addresses this by operating a marketplace-style platform that aggregates imagery from more than 50 geospatial data providers, making it searchable and accessible through web and mobile applications.
Beyond access, SkyFi enables customers to task satellites to capture images of specific locations at defined times and increasingly layers analytics on top of that data. The platform is used across sectors including finance, defense, infrastructure and insurance.
According to CEO Luke Fischer, the company’s focus has shifted from simply delivering images to delivering answers. As imagery becomes more commoditised, speed and relevance of insights have become the key differentiators.
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Investor demand exceeds expectations
SkyFi initially planned to raise around $8 million, but strong investor interest, particularly driven by growing defense and dual-use investment activity in 2025, led the company to expand the round.
As strategic investors joined, the target increased first to $10 million and ultimately to $12.7 million. Fischer noted that some of this momentum reflects SkyFi’s unique position as a software-first platform with access to what it describes as the largest virtual constellation of satellite assets across multiple sensor types.
Building intelligence from user demand
By aggregating imagery supply and analyzing years of customer requests, SkyFi has developed a strong understanding of what users actually want to know about the world. This feedback loop has enabled the company to build analytical tools that transform raw imagery into commercially valuable insights.
Fischer credits his experience at Uber’s Elevate division for shaping this approach, highlighting similarities between mobility data and geospatial demand patterns. Unlike hardware-heavy space companies, SkyFi avoids capital-intensive satellite ownership and focuses instead on software and intelligence.
Some customers, such as hedge funds, use SkyFi primarily as a data source for their own analysis. However, Fischer says the majority are increasingly interested in integrated insights delivered directly through the platform.
Expanding an accessible, software-first platform
The new funding will be used to further expand SkyFi’s analytics capabilities, grow its partner ecosystem and scale adoption across both commercial and public-sector markets.
Despite the platform’s technical depth, Fischer emphasises its accessibility, noting that even non-expert users can task satellites and interpret results with ease. As a result, SkyFi positions itself not just as a geospatial data provider, but as an intuitive intelligence layer built on top of the world’s satellite infrastructure.
