SkyGiraffe Raises $3M Additional To Help Firms Assemble Mobile Apps
SkyGiraffe, a startup that helps firms shortly assemble and deploy apps, has raised a $three million Assortment A spherical of capital, led by Trilogy Equity Companions. Prior investor 500 Startups participated inside the capital event. Trilogy, unsurprisingly, picked a board seat as part of the spherical.
The market that SkyGiraffe focused on, custom-made apps for corporations, is a scorching space in the intervening time. Earlier at current, K2, one different company that helps firms assemble apps, recently raised over $100 million in a single Assortment C spherical. TrackVia, which moreover helps firms assemble mobile apps, indicated last yr that it anticipated to develop its revenues 100 laptop in 2014.
Actually, each agency provides one factor completely totally different — SkyGiraffe focuses on what it calls “code-free custom-made mobile apps,” which signifies that any agency with information can assemble functions for its employees with out the need for an in depth, and dear, enchancment staff.
The rise of cloud and mobile, coupled with employee and authorities urge for meals for mobile functions, creates a hard state of affairs for IT departments greater suited at working on-premises information amenities that perform behind firewalls. SkyGiraffe’s enterprise is a guess that its service, which might be molded to go well with quite a few security setups and permits for apps to be inbuilt hours, will treatment the difficulty.
In mid-2013, SkyGiraffe raised $1.5 million. The company was Microsoft Enterprise’s first funding, in accordance with the SkyGiraffe’s CEO Boaz Hecht. (Microsoft made some funding by the use of its Bing Fund, which was later folded into Microsoft Ventures. SkyGiraffe was the first funding the group made after it was renamed.) Microsoft declined to the touch upon its non-participation inside the spherical. The company has raised an entire of $4.5 million so far.
That Microsoft is an investor inside the startup is fascinating. According to Hecht, SkyGiraffe is “seeing a synergy with the enterprise product sales individuals at Microsoft, because of we’re fixing a problem for his or her buyers.” Working with Microsoft’s product sales group may current an obvious shot inside the arm for the company. Put one different means, Microsoft doesn’t provide the similar service as SkyGiraffe and wishes to advertise additional use of Azure, its cloud computing service. That makes the businesses simple collaborators.
Hecht declined to factor the company’s core progress metrics. It has 15 employees in the intervening time, reduce up between Menlo Park in Silicon Valley, and Israel. And its headcount, Hecht knowledgeable TechCrunch, will a minimum of double in measurement by the highest of 2015.
I requested SkyGiraffe why it raised $three million for its Assortment A, an amount that inside the current capital native climate is almost nearer to a seed spherical. Hecht said, merely, that it is how so much his agency needs to achieve its “subsequent milestone.”
Flush with twice the cash that it had beforehand, SkyGiraffe now should present that there is as quite a bit enterprise demand for its merchandise as a result of it seems to imagine that there is. I’ll confirm once more in with the company in various quarters to see whether or not it’s ready to share additional on how shortly it grows.