When was SkyWater founded?

SkyWater was founded in 1980 and raised its 1st funding round 39 years after it was founded.

Where is SkyWater located?

SkyWater is headquartered in Bloomington, United States. It is registered at Bloomington, Minnesota.

How many employees does SkyWater have?

As of Jun 30, 2026, the latest employee count at SkyWater is 784.

Is SkyWater a funded company?

SkyWater is a funded company, having raised an undisclosed amount across 4 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Oct 22, 2019.

How much is SkyWater worth?

The last known valuation of SkyWater was $***** as of Apr 12, 2021.

When was the latest funding round of SkyWater?

SkyWater's latest funding was a $***** Grant (prize money) round on Sep 27, 2022, with participation from 1 investor.

What is the annual revenue of SkyWater?

Annual revenue of SkyWater is between $100M and $500M as on Dec 31, 2025

SkyWater - 2026 Company Profile, Funding & Financials

Q: Is SkyWater an acquired company?

SkyWater got acquired by IonQ on Jan 26, 2026.

Company Details

Website: skywatertechnology.com
Social
Phone Number: +1 **********
Registered Address: Bloomington, Minnesota

Key Metrics

Founded Year

1980

Location

Bloomington, United States

Stage

Acquired

Latest Funding Round

Grant (prize money), Sep 27, 2022, $*****

Last Known Valuation

$***** as on Apr 12, 2021

Investors

Defense.gov & 1 more

Annual Revenue

$100M - $500M as on Dec 31, 2025

Employee Count

784 as on Jun 30, 2026

Exit Details

Acquired by IonQ (Jan 26, 2026)

View SkyWater's full profile

SkyWater is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SKYWATER TECHNOLOGY FOUNDRY, INC. CIN: 20231381637 , United States, Active	Apr 04, 2023	-	-	-
SKYWATER TECHNOLOGY, INC CIN: 1819974 , United States, Active	Aug 11, 2020	$100M - $500M (As on Dec 31, 2025)	-	-
SKYWATER TECHNOLOGY FOUNDRY, INC. CIN: 814306229 , United States, Active	Dec 26, 999	-	699 (As on Dec 31, 2024)	-

SkyWater got acquired by IonQ on Jan 26, 2026 at an acquisition amount of $*****.

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

SkyWater has raised funding over 4 rounds. Its first funding round was on Oct 22, 2019. Its latest funding round was a Grant (prize money) round on Sep 27, 2022 for $*****. 1 investor participated in its latest round. SkyWater has 2 institutional investors.

Here is the list of recent funding rounds of SkyWater:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 27, 2022	6633744	Grant (prize money)	2411983	2233380	5112058	6568422
Jul 29, 2022	8581833	Grant (prize money)	5776188	3788195	6101341	Defense.gov
Jul 12, 2022	3791575	Grant (prize money)	7869825	2679737	7121702	Defense.gov