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2024 Revenue

$31.5M(Est.)

Customers

200

Funding

$109.6M

Avg ACV

$157.6K

Team

114

Founded

2006

Skytap Revenue & Funding (2024)

Skytap generated an estimated $31.5M in annual revenue in 2024. Source: GetLatka estimate

It is critical to success in today's economy to rapidly deliver goods and services through software. Organizations must modernize their approach to software delivery by leveraging the cloud, implementing agile and DevOps processes, and adopting new architectures. This transition enables faster, safer, and more efficient application development, which is the cornerstone of the on-demand digital services that customers expect. Skytap is your partner in this transformation. Skytap Cloud accelerates enterprise innovation by modernizing traditional applications with cloud-native development and services. Our technology makes it easy to build, run, and evolve these hybrid applications by rapidly migrating traditional workloads to the cloud, enabling modern development practices, and integrating new cloud architectures and processes. We deliver cloud benefits in weeks, not months or years. True self-service, on-demand resources enable you to create your own software-defined datacenter and networks with environments on demand that work in the cloud just like in your datacenter. Gain all the benefits of cloud speed and scale with little risk and big reward.

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Skytap Revenue

In 2024, Skytap's revenue reached $31.5M. The company previously reported $21.8M in 2023. Since its launch in 2006, Skytap has shown consistent revenue growth.

Skytap Revenue GrowthReported revenue / ARR over time · latest figure estimated$0$7.5M$15M$22.5M$30M$37.5M2006200820102012201420162018202020222024$0$13.9M$31.5MSource: GetLatka.com
YearMilestoneSource
2024Skytap Hit $31.5m revenue in October 2024Estimated
2023Skytap Hit $21.8m revenue in December 2023Estimated
2020Skytap Hit $13.9m revenue in August 2020Not recorded
2006Launched with $0 revenue

Skytap Valuation, Funding Rounds

Skytap has not publicly disclosed its valuation. The company has raised $109.6M in total funding to date.

Skytap has raised $109.6M in total funding across 7 rounds, with its most recent round in 2017.

Skytap Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$25M$0.4$50M$0.6$75M$0.8$100M$1$125M2006200820102012201420162017Source: GetLatka.com
YearRoundAmountValuation% SoldSource
2017Funding round$45M--Not recorded
2014Funding round$35M--Not recorded
2014Funding round$6.5M--Not recorded
2010Funding round$10M--Not recorded
2009Funding round$60K--Not recorded
2009Funding round$7M--Not recorded
2007Funding round$6M--Not recorded

Customers

Skytap serves 200 customers.

Skytap Employees & Team Size

Skytap employs approximately 114 people as of 2026, down from 186 in 2023, including 14 sales reps that carry a quota. It serves 200 customers that rely on its solutions.

Skytap Team GrowthReported headcount over time060120180240300200620082010201220142016201820202022202400114114Source: GetLatka.com
YearMilestoneSource
2024Reached 114 employees (December 2024)Not recorded
2024Reached 186 employees (October 2024)Not recorded
2023Reached 186 employees (December 2023)Not recorded
2023Reached 174 employees (September 2023)Not recorded
2023Reached 186 employees (January 2023)Not recorded
2022Reached 174 employees (December 2022)Not recorded
2022Reached 181 employees (January 2022)Not recorded
2021Reached 159 employees (December 2021)Not recorded
2021Reached 163 employees (August 2021)Not recorded
2020Reached 154 employees (December 2020)Not recorded
2020Reached 154 employees (August 2020)Not recorded
2020Reached 154 employees (June 2020)Not recorded
2019Reached 176 employees (December 2019)Not recorded
2018Reached 245 employees (December 2018)Not recorded

Frequently Asked Questions about Skytap

What is Skytap's revenue?

As of 2024, Skytap generated an estimated $31.5M in annual revenue.

Who founded Skytap?

Skytap was founded by Brad Schick.

Who is the CEO of Skytap?

The CEO of Skytap is Brad Schick.

How much funding does Skytap have?

Skytap raised $109.6M across 7 rounds.

How many employees does Skytap have?

As of 2024, Skytap had 114 employees.

Where is Skytap headquartered?

Skytap is headquartered in Seattle, Washington, United States.

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Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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