Fundraising Fox

SkySpecs

Techstars '14

Ann Arbor, US · Founded 2014 · Delaware corporation · 274 employees on LinkedIn · 11 known investors

SkySpecs provides data management and analytics software for renewable energy asset operators, helping them optimize maintenance and operational decisions for wind and solar installations.

AI & Machine LearningCleantechClimate TechEnergySaaS

Founders & leadership

SkySpecs was founded in 2014 by Daniel Ellis.

DE
Daniel EllisPresident and CEO
DR
David RobertsCEO
TB
Thomas BradyCFO
RM
Ryan MortonChief Technology Officer
SD
Samuel DeBruinChief Operational Officer
PS
Patrick SenatoreDirector of Engineering

Board

RK
Richard KatzBoard director
PW
Peter WellsBoard director
VA
Vikas AgrawalBoard director
AKAlexander Kuppers
Alexander KuppersinMember Board of DirectorsInvestment Director at Statkraft Ventures
TM
Tanner MahoneyBoard director
JA
James AdoxBoard director

Investors · 11

Capital Midwest FundMequon
Dakota Venture GroupGrand Forks
Evergy VenturesKansas City
Huron River VenturesAnn Arborvia Tim Streit · inferred
ID VenturesDetroit · $50K – $250K
Invest MichiganNorthville · $100K – $250K
McRock CapitalToronto · $365K – $3.6M
R/GA VenturesBrooklyn
TechstarsBoulder · $220K
Equinor Venturesreported · 2 sourcesStavanger · $1M – $70M
Statkraft VenturesreportedOslo · $540K – $21.6M

Reported raises · per SEC filings

Form D private placements

$127.3M disclosed across 8 rounds · 2013–2025

▶$10.4MraisedMar 2025 · 14 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Richard KatzDirector
  • Peter WellsDirector
  • Vikas AgrawalDirector
  • David RobertsExecutive Officer
  • Alexander KuppersDirector
  • Tanner MahoneyDirector
Offering amount
$20.4M
Amount sold
$10.4M
First sale
Mar 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$80.2MraisedMay 2022 · 20 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • George Leland EdwardsExecutive Officer, Director
  • Scott MacDonaldDirector
  • Rich KatzDirector
  • Daniel EllisExecutive Officer, Director
  • Alexander KuppersDirector
  • Vikas AgrawalDirector
Offering amount
$80.2M
Amount sold
$80.2M
First sale
Apr 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10.2MraisedMar 2021 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • James AdoxDirector
  • Daniel EllisExecutive Officer, Director
  • Thomas BradyExecutive Officer, Director
  • Edmee KelseyDirector
  • Alexander KuppersDirector
  • George Leland EdwardsExecutive Officer, Director
  • Bill JohnsonExecutive Officer
  • Scott MacDonaldDirector
Offering amount
$10.2M
Amount sold
$10.2M
First sale
Feb 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$13MraisedNov 2019 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel EllisExecutive Officer, Director
  • Thomas BradyExecutive Officer, Director
  • James AdoxDirector
  • Alexander KuppersDirector
  • George Leland EdwardsExecutive Officer, Director
  • Bill JohnsonExecutive Officer
  • Scott MacDonaldDirector
Offering amount
$16.7M
Amount sold
$13M
First sale
Nov 2019
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$8.8MraisedJan 2018 · 25 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel EllisExecutive Officer, Director
  • Thomas BradyExecutive Officer, Director
  • James AdoxDirector
  • Alexander KuppersDirector
Offering amount
$8.8M
Amount sold
$8.8M
First sale
Dec 2017
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$574.3KraisedJul 2017 · 8 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Tim StreitDirector
  • Daniel EllisExecutive Officer, Director
  • Charles MoretDirector
  • James AdoxDirector
  • Thomas BradyExecutive Officer, Director
Offering amount
$2M
Amount sold
$574.3K
First sale
Jun 2017
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3.7MraisedNov 2015 · 41 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel EllisExecutive Officer, Director
  • Thomas BradyExecutive Officer, Director
  • Tim StreitDirector
  • James AdoxDirector
Offering amount
$4.1M
Amount sold
$3.7M
Minimum investment
$5K
First sale
Nov 2015
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$480KraisedAug 2014 · 23 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Thomas BradyExecutive Officer
  • Ryan MortonExecutive Officer
  • Samuel DeBruinExecutive Officer
  • Daniel EllisExecutive Officer, Director
  • Patrick SenatoreExecutive Officer
Offering amount
$800K
Amount sold
$480K
Minimum investment
$5K
Proceeds to insiders
$28K
First sale
Jul 2013
Incorporated
Limited Liability Company, Michigan, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 3

by search overlap
vHive13 shared keywordsvHive offers an enterprise platform that digitizes physical assets using autonomous data capture (including drone-based) and AI analytics, helping organizations automate processes, cut costs, and plan across the asset life cycle. It serves enterprises managing global physical assets.
Flyability10 shared keywordsFlyability builds collision-tolerant indoor drones, including its flagship Elios 3, designed to navigate confined and hazardous spaces to collect inspection data for industries such as energy, wastewater, and mining. The Swiss company, an EPFL spin-off, provides drone technology for industrial inspection worldwide.
Skyx9 shared keywordsSKYX develops smart, plug-in ceiling technology, including the SkyPlug system that lets fixtures be installed and connected without hard-wiring, plus products like the SkyFan smart ceiling fan with heating, cooling, and lighting. Its products target the electrical and ceiling fixture market and are recognized in the 2017 NEC Code.

Companies competing with SkySpecs for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
National Science FoundationPhase I2014$150K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

SkySpecs Raises $20m to Fuel Global Growth and Innovationannarborusa.org · Mar 2025SkySpecs in Ann Arbor Raises $80M to Expand Autonomous Drone Platform - DBusiness Magazinedbusiness.com · May 2022SkySpec Raises $17 Million in Funding to Develop World-Class Operations & Maintenance Solutions for Renewablesventures.rga.com · Jan 2020Drone-inspection company SkySpecs raises $17 million funding round | Crain's Detroit Businesscrainsdetroit.com · Dec 2019

Frequently asked questions

What does SkySpecs do?
SkySpecs provides data management and analytics software for renewable energy asset operators, helping them optimize maintenance and operational decisions for wind and solar installations.
Who founded SkySpecs?
SkySpecs was founded by Daniel Ellis in 2014.
Who are SkySpecs's investors?
SkySpecs's investors include Capital Midwest Fund, Dakota Venture Group, Evergy Ventures, Huron River Ventures, ID Ventures, Invest Michigan, McRock Capital, R/GA Ventures and 3 more.
How much funding has SkySpecs raised?
SkySpecs has disclosed $127.3M raised across 8 rounds.
Where is SkySpecs headquartered?
SkySpecs is headquartered in Ann Arbor, US.