Skytap Secures $45 Million

Internet and IoT startup Skytap announced the close of $45 million in Series E financing. Goldman Sachs, Insight Venture Partners, Madrona Venture Group, Ignition Partners, and OpenView Venture Partners participated in the funding.

Skytap provides cloud-based development and testing environments to the enterprise. Skytap Cloud aims to remove the inefficiencies and constraints that companies face within their software development lifecycle. Its customers can run complex enterprise applications unchanged in Skytap Cloud, collaborate securely with global teams, and gain unparalleled business productivity. IT organizations can also maintain full visibility and control over cloud projects, align capacity with demand, and reduce costs.

According to the company, it will dramatically expand its sales and marketing department with the new funding.