NEWS2 May 2013

Skytree completes series A funding round

Financials North America

US — Machine-learning platform provider Skytree has achieved $18m in series A funding while Rick Lewis joins board.

Lead by US Venture Partners (USVP), the funding syndicate included delivery company UPS, Scott McNealy, co-founder and former CEO of Sun Microsystems and chairman of Wayin and previous investors Javelin Venture Partners and Osage University Partners.

Skytree said the financing would help fuel an aggressive growth strategy to disrupt the Big Data analytics market with enterprise-ready machine learning.

As part of this transaction, USVP general partner Rick Lewis has joined Skytree’s board of directors.

“A new era has dawned, in which enterprises are demanding the advanced, real-time business insights that only machine learning can provide. Skytree makes the power of machine learning available to all enterprises, with a striking performance advantage over their competition,” said Lewis.