SkyStem
New York, US · Founded 2009 · Delaware LLC
SkyStem builds ART, a cloud-based software product that automates the month-end financial close and account reconciliation process for accounting teams, replacing spreadsheets and manual workflows with workflow management and reporting tools.
Founders & leadership
SkyStem was founded in 2009 by Shagun M..
SM
Shagun M.inFounder
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Shagun MalhotraNamed on SEC filing
Reported raises · per SEC filings
Form D private placements$785K disclosed across 2 rounds · 2014–2016
▶$360KraisedJan 2016 · 5 investors · Other TechnologyRule 506(b)
▶$360KraisedJan 2016 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Shagun MalhotraExecutive Officer
- Offering amount
- $360K
- Amount sold
- $360K
- Minimum investment
- $60K
- First sale
- Jan 2016
- Incorporated
- Limited Liability Company, Delaware
- Federal exemptions
- 06b
▶$425KraisedJul 2014 · 6 investors · Other TechnologyRule 506(b)
▶$425KraisedJul 2014 · 6 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- SHAGUN MALHOTRAExecutive Officer
- Offering amount
- $500K
- Amount sold
- $425K
- Minimum investment
- $25K
- First sale
- Jul 2014
- Incorporated
- Limited Liability Company, Delaware, 2009
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 10
by search overlap
Numeric21 shared keywordsNumeric builds a software platform for corporate finance and accounting teams that combines real-time accounting, data transformation, and AI-powered analytics to replace manual spreadsheet-based processes. The platform serves CFOs and accounting teams seeking to automate recurring financial workflows and improve decision-making.
Floqast20 shared keywordsFloQast provides reconciliation management and workflow automation software for accounting teams, designed by accountants to streamline financial processes and improve productivity.
Blackline Systems18 shared keywordsBlackLine provides cloud software that automates financial close and accounting processes for enterprises. The platform unifies financial data and processes, eliminates manual work, and improves visibility and control over accounting operations.
Hyperbots16 shared keywordsHyperbots offers an agentic AI platform designed for finance and accounting teams that processes unstructured financial documents and structured ERP data to automate invoice processing, approvals, and general ledger coding with up to 99.8% accuracy. The platform combines vision-language models, large language models, and custom AI agents to extract, validate, and augment financial information from documents like invoices, purchase orders, and contracts.
Abacum15 shared keywordsAbacum is a financial planning and analysis (FP&A) platform designed for mid-market finance teams. The platform enables clients to manage planning models without requiring system administrators, supporting faster implementation and adoption across finance and broader organizational teams.
HubiFi14 shared keywordsHubiFi provides revenue recognition and accounting automation software that reconciles subscription and usage-based revenue streams from payment processors like Stripe and posts audit-ready entries directly to ERPs. It handles complex billing models including pre-paid tokens, credit grants, and billed-in-arrears arrangements.
Highradius13 shared keywordsHighRadius provides software for order-to-cash and treasury finance operations, including credit, collections, deductions, cash application, and invoicing and payments automation. It serves large enterprises and Fortune 1000 companies looking to improve financial performance metrics such as Days Sales Outstanding.
Cryptoworth12 shared keywordsCryptoworth, founded in 2017, provides crypto accounting and financial reporting software that connects wallets, exchanges, DeFi protocols, and NFTs to help businesses reconcile data, manage financial close workflows, and run calculations. It serves crypto companies and accounting firms, from individual users to large institutions.
Ramp12 shared keywordsRamp offers a finance platform that combines corporate cards, expense management, and AI-driven automation for receipt capture, transaction coding, and reimbursements. It serves finance teams and businesses looking to consolidate spending tools and automate accounting workflows.
DealHub12 shared keywordsDealHub provides a revenue platform that manages sales engagement touchpoints to improve buyer experience and sales team efficiency.
Companies competing with SkyStem for the same Google search keywords, organic and paid, via search-intersection analysis.
Frequently asked questions
- What does SkyStem do?
- SkyStem builds ART, a cloud-based software product that automates the month-end financial close and account reconciliation process for accounting teams, replacing spreadsheets and manual workflows with workflow management and reporting tools.
- Who founded SkyStem?
- SkyStem was founded by Shagun M. in 2009.
- How much funding has SkyStem raised?
- SkyStem has disclosed $785K raised across 2 rounds.
- Where is SkyStem headquartered?
- SkyStem is headquartered in New York, US.