Enterprise mobility startup SkyGiraffe closed a $3 million Series A funding round led by Trilogy Equity Partners, with participation from existing investor 500 Startups. SkyGiraffe was co-founded in 2012 by CEO Boaz Hecht and Itay Braun, and is based in Menlo Park, California with R&D in Israel.
SkyGiraffe had previously raised a total of $1.5 million from seed investors Microsoft Ventures, 500 Startups, and angel investors Parker Thompson, Yuval Neeman and Oudi Antebi. The new funding will enable SkyGiraffe to invest in sales and marketing, expand its US operations and accelerate its product roadmap.
SkyGiraffe is a pioneer in the field of code-free custom mobile apps. Its full stack enterprise mobility platform empowers businesses to immediately create and deploy fully custom and secure mobile business apps.
The company solves the two most critical challenges of enterprise mobility – speed and scale. SkyGiraffe enables immediate deployment of unlimited enterprise-grade read and write mobile applications, for virtually any business function to any device. The full-stack solution securely integrates with a company’s back-end systems, and presents a unique technological innovation that completely disrupts the traditional path to enterprise mobility.
“Enterprise employees have benefited from the tremendous boost in their personal productivity ushered by smart phone and web services. When it comes to the work side, most employees have access only to corporate email on their mobile device – whereas they need access to many other internal applications. SkyGiraffe enables enterprises to deploy unlimited mobile apps in hours rather than months,” said Yuval Neeman of Trilogy Equity Partners.
Parker Thompson, Partner at 500 Startups said, “Building a mobile app typically takes 6-12 months. SkyGiraffe brings enterprise mobility the 10x solution everyone is looking for. We invested in SkyGiraffe because their technology solves the real problem of enterprise mobility – linking mobile to underlying systems. Everything else gives marginal added value – whereas SkyGiraffe is a paradigm shift.”
“Mobility is a critical success factor for today’s enterprises. 60% have built 3 or less custom apps. CIOs need to find a solution that delivers scale and speed without sacrificing security,” said Boaz Hecht, Co-Founder and CEO of SkyGiraffe. “Closing our Series A allows us to grow and meet the increasing demand we are experiencing.”
IDC predicts that “IT organizations will dedicate at least 25% of their software budget to enterprise mobile application development, deployment and management by 2017” and that “45% of mobile enterprise app initiatives to be delayed or go over budget in 2015.”