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Kyndryl Cloud Uplift (formerly Skytap) enables you to run your specialized IBM Power workloads natively in the cloud on Microsoft Azure, enhancing traditional applications with Azure services.
Skytap has raised $64.0M in total across 5 funding rounds.
Skytap's investors include Accel, Gideon Yu, Greylock, Ignition Partners, Madrona Ventures, Meritech Capital Partners, Next Play Ventures, Openview Venture Partners, Sapphire Ventures, Trinity Ventures, Yes VC.
Skytap is a cloud provider that helps enterprises run and modernize traditional, mission‑critical workloads (including IBM Power/AIX and IBM i) in the public cloud without requiring application rewrites or major re‑platforming efforts.[6][8]
High‑Level Overview
Skytap provides an IaaS platform purpose‑built to run IBM Power and x86 workloads in the public cloud and to accelerate modernization by giving development and QA teams self‑service access to full environments.[6][8] Skytap’s product lets customers lift and shift or extend on‑premises environments (AIX, IBM i/AS/400, Linux on Power and x86) into public cloud footprints and then leverage cloud‑native services and DevOps toolchains without rewriting core applications.[2][3] The company was founded in 2006, has global data centers, and in 2024 was acquired by Kyndryl, positioning it to scale alongside a large infrastructure‑services organization.[1][6]
Origin Story
Skytap began in 2006 (originally as Illumita) and repositioned as Skytap in the late 2000s to focus on cloud environments for enterprise application development and testing.[7] Its founders and early team built the product around an automation layer (the company calls it the Intelligent Automation Platform) that delivered turnkey IaaS and environment‑level self‑service on top of a VMware virtualization standard, enabling fast provisioning and environment cloning for complex application stacks.[3][7] Early traction came from enterprise customers needing to run traditionally “cloud‑stubborn” workloads (IBM Power and AIX/IBM i) in shared/cloud environments without costly rewrites, which established Skytap’s niche and growth path.[2][4]
Core Differentiators
Role in the Broader Tech Landscape
Skytap rides the broader trend of hybrid‑cloud modernization where enterprises want to unlock cloud agility and new AI/analytics services without the cost, risk, or downtime of wholesale application rewrites.[6][8] Timing matters because many organizations still run business‑critical workloads on IBM Power platforms and face pressure to modernize while maintaining availability and compliance.[2][4] Market forces supporting Skytap include continued enterprise demand for lift‑and‑shift or “rehost without refactor” options, growing interest in environment‑level self‑service to accelerate DevOps, and large systems integrators/managed‑service partners seeking cloud offerings for legacy workloads.[6][3] By enabling these migrations, Skytap reduces friction for enterprises to adopt cloud‑native analytics, AI, and automation—effectively acting as a bridge between legacy systems and modern platforms.[8][3]
Quick Take & Future Outlook
Skytap’s near‑term path likely emphasizes deeper integration with Kyndryl’s managed services, expanding geographic and industry reach, and enhancing interoperability with major public cloud providers (notably Azure and IBM Cloud) to give customers flexible hosting and hybrid architectures.[6][1] Key trends that will shape Skytap include enterprise modernization driven by AI/analytics use cases (which incentivize moving data and workloads into cloud environments), continued demand for lower‑risk migration options for IBM Power customers, and competition from cloud providers and niche migration specialists; Skytap’s advantage will hinge on execution at scale, partner enablement, and the breadth of environment automation it offers.[8][2][6] Given its niche focus, proprietary automation, and backing by Kyndryl, Skytap is well positioned to remain a go‑to option for organizations that must modernize legacy Power/AIX/IBM i workloads without rewriting them.[3][6]
Skytap has raised $64.0M across 5 funding rounds. Most recently, it raised $35.0M Series D in December 2014.