When was Skytap founded?

Skytap was founded in 2006 and raised its 1st funding round within a year of its incorporation.

Where is Skytap located?

Skytap is headquartered in Seattle, United States. It is registered at Seattle, Washington.

How many employees does Skytap have?

As of May 31, 2026, the latest employee count at Skytap is 103.

Is Skytap a funded company?

Skytap is a funded company, having raised a total of $128M across 9 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on 2006.

When was the latest funding round of Skytap?

Skytap's latest funding was a $***** Series E round on Oct 19, 2023, with participation from 1 investor.

Where does Skytap rank among its competitors?

Skytap ranks 40th amongst 1567 active competitors, of which 183 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Harness, which secured $200M in Dec, 2025.

Who are the top competitors of Skytap?

Skytap's top competitors include Vercel, DigitalOcean and Rubrik. Among them, Harness secured the most recent funding round in December, 2025.

Skytap - 2026 Company Profile, Team, Funding & Competitors

Q: Is Skytap an acquired company?

Skytap got acquired by Kyndryl on May 13, 2024.

Skytap is an acquired company based in Seattle (United States), founded in 2006 by David Richardson. It operates as a Cloud based continuous application delivery management solution. Skytap has raised $128M in funding from investors like OpenView, Insight Partners and Goldman Sachs. The company has 1567 active competitors, including 183 funded and 161 that have exited. Its top competitors include companies like Vercel, DigitalOcean and Rubrik.

Company Details

Cloud based continuous application delivery management solution. It provides on demand environments that streamlines the software delivery process. It provides self-service access to environments for learning, developing, testing, training, and running enterprise applications. It also enables users to migrate and modernize the business applications.

Website: skytap.com
Social
Registered Address: Seattle, Washington

Key Metrics

Founded Year

2006

Location

Seattle, United States

Stage

Acquired

Total Funding

$128M in 9 rounds

Latest Funding Round

Series E, Oct 19, 2023, $*****

Investors

OpenView & 9 more

Ranked

40^th among 1567 active competitors

Employee Count

103 as on May 31, 2026

Similar Companies

Vercel & 1411 more

Exit Details

Acquired by Kyndryl (May 13, 2024)

View Skytap's full profile

Skytap is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SKYTAP, INC. CIN: 205371037 , United States, Active		-	132 (As on Dec 31, 2020)	-

Skytap got acquired by Kyndryl on May 13, 2024 at an acquisition amount of $*****.

Click here to take a look at Skytap's acquisition in detail

Skytap has raised a total funding of $128M over 9 rounds. Its first funding round was on 2006. Its latest funding round was a Series E round on Oct 19, 2023 for $*****. 1 investor participated in its latest round. Skytap has 9 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Skytap:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 19, 2023	3213882	Series E	9339529	6567487	7059445	6012232
Aug 22, 2017	7709863	Series E	5537314	4017764	8926639	Madrona & 4 more
Dec 24, 2014	2380753	Series D	9831556	8057174	Insight Partners	OpenView & 3 more

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View details of Skytap's funding rounds and investors

The founders of Skytap is David Richardson.

Here are the details of Skytap's key team members:

David Richardson: Former Founder of Skytap. They serve on the board of 1 company.
Brad Schick: CEO of Skytap.

View details of Skytap's Founder profiles and Board Members

Skytap's employee count trend

Skytap has 103 employees as of May 26. Here is Skytap's employee count trend over the years:

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Top competitors of Skytap include Vercel, DigitalOcean and Rubrik. Here is the list of Top 10 competitors of Skytap, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Vercel 2015, Covina (United States), Series F	Provider of cloud infrastructure and developer tools for web applications	$863M	Accel, GIC & 30 others	82/100
2nd	DigitalOcean 2011, New York City (United States), Public	Provider of cloud infrastructure, virtual machines, and managed database hosting	$174M	Access Industries, Access Technology Ventures ... & 47 others	80/100
3rd	Rubrik 2014, Palo Alto (United States), Public	Provider of cyber resilience platform for data and identity security	$553M	Lightspeed Venture Partners, Greylock Partners ... & 51 others	79/100
4th	Harness 2017, San Francisco (United States), Series E	Provider of platform for software delivery, security, testing, and cost optimization	$614M	Goldman Sachs, ServiceNow & 30 others	79/100
5th	Veeam 2006, Seattle (United States), Acquired	Provider of data resilience and cyber security solutions for enterprises	$1.04B	Insight Partners, Vertica Capital Partners ... & 4 others	78/100
6th	Heroku 2007, San Francisco (United States), Acquired	Saas based provider of integrated platform as a service solutions	$17M	Harrison Metal, Ignition Partners & 16 others	73/100
7th	Acronis 2003, Schaffhausen (Switzerland), Acquired	Provider of cyber protection solutions, including backup, disaster recovery, and cybersecurity	$658M	Goldman Sachs Investment Partners, BlackRock ... & 27 others	73/100
8th	Cohesity 2013, San Jose (United States), Series F	Cloud and AI based enterprise data backup and management solutions	$810M	Wing Venture Capital, Sequoia Capital & 55 others	72/100
9th	A10 Networks 2004, United States, Public	Provider of application delivery, security, and centralized management and analytics solutions	$118M	Sprout Capital Partners, Summit Partners ... & 10 others	70/100
10th	CloudBees 2010, San Jose (United States), Series F	Provider of software delivery platform for continuous integration and continuous delivery	$241M	Lightspeed Venture Partners, Delta-v Capital ... & 18 others	70/100
40th	Skytap 2006, Seattle (United States), Acquired	Cloud based continuous application delivery management solution	$128M	Goldman Sachs, OpenView & 8 others	59/100