/Companies

SkyStem

New York, US · Founded 2009 · Delaware LLC

Find your way into SkyStem

Sign up to see every warm intro you have to SkyStem

  • Paths you didn't know you had: your email and LinkedIn already hold routes to the SkyStem team. We find them for you
  • 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
  • Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

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..

SMShagun M.
Shagun M.Founder
SM
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 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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗

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

Related companies · 10

NumericNumeric 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.
FloqastFloQast provides reconciliation management and workflow automation software for accounting teams, designed by accountants to streamline financial processes and improve productivity.
Blackline SystemsBlackLine 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.
HyperbotsHyperbots 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.
AbacumAbacum 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.
HubiFiHubiFi 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.
HighradiusHighRadius 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.
CryptoworthCryptoworth, 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.
RampRamp 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.
DealHubDealHub provides a revenue platform that manages sales engagement touchpoints to improve buyer experience and sales team efficiency.

Companies working in the same space as SkyStem.

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.