Enterprise mobility developer SkyGiraffe has closed $3 million in Series A funding. The round was led by Trilogy Equity Partners with participation from existing investor 500 Startups. The new funding will enable SkyGiraffe to invest in sales and marketing, expand its US operations and accelerate its product roadmap.
SkyGiraffe is headquartered in Menlo Park, California and has its development center in Ramat Gan, Israel. The company was founded by CEO Boaz Hecht and VP R&D Itay Braun.
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."
SkyGiraffe 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.
500 Startups Partner Parker Thompson 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."
Hecht said, "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. Closing our Series A allows us to grow and meet the increasing demand we are experiencing."
Published by Globes [online], Israel business news - www.globes-online.com - on February 19, 2015
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