Recent Investment Growth Skytap has secured a total funding of $155 million with recent $18 million investments from Vistara Growth, Ignition Partners, Goldman Sachs, Madrona Ventures, and Jeff Bezos, indicating strong investor confidence and potential for expansion into new markets or enhanced service offerings.

Strategic Acquisition by Kyndryl The acquisition of Skytap by Kyndryl, a global leader in IT infrastructure services, positions Skytap for accelerated growth and integration into enterprise-level infrastructure solutions, creating opportunities to cross-sell to large Kyndryl clients needing specialized workload migration and modernization.

Award-Winning Services Skytap's recognition with the 2023 Backup and Disaster Recovery Award highlights its robust, reliable cloud solutions, making it an attractive partner for organizations seeking resilient cloud infrastructure for mission-critical workloads.

Expanding Cloud Capabilities As a Microsoft Global ISV partner, Skytap can leverage Microsoft's cloud ecosystem to offer integrated solutions and expand its reach into enterprises heavily invested in Microsoft technologies, providing new sales opportunities in a broad target market.

Market Positioning Compared to larger competitors like Salesforce and VMware, Skytap's focus on infrastructure-as-a-service for workload modernization offers tailored enterprise solutions, making it an attractive option for midsize to large organizations seeking cloud migration and application modernization services.