Skytap is a cloud migration platform that enables enterprises to migrate and run traditional workloads, including IBM Power Systems (AIX, IBM i) and x86 applications, natively in public cloud environments like Microsoft Azure and IBM Cloud without extensive refactoring or rewriting. Originally founded as Illumita in 2006, the company was renamed to Skytap in 2008. Skytap provides rapid, secure cloud migration capabilities with minimal operational disruption, leveraging native Power Systems hardware in cloud datacenters.
Skytap has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2006
Total Funding
$121M
6 rounds
Total raised $121M across 6 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Venture debt / growth financing
Date
October 19, 2023
Amount
$18M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| October 19, 2023 | Venture debt / growth financing | $18M | — | Vistara Growth |
| August 22, 2017 | Series E | $45M | — | Goldman Sachs Private Capital Investing |
| December 18, 2014 | Series D | $35M | — | Insight Venture Partners |
Bradley Schick
Chief Executive Officer
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