SKYX Secures $9.5M Funding to Fuel Global Smart Home Expansion
SKYX Platforms Corp. (NASDAQ: SKYX) has secured fresh funding and expanded its global reach in smart home technology. The company, led by founder and CEO Gundars Kaupins, develops advanced electrical and platform solutions for modern buildings. Recent deals and financial moves now position it for further growth in key markets like the Middle East and the US.
In late 2025, SKYX received a $9.5 million investment, raising its total cash reserves to around $13 million by September 30. The firm also restructured its debt by converting and extending $13.5 million in short-term notes to 2030, improving its financial stability.
The company has reported seven straight quarters of revenue growth, with its products increasingly adopted in homes and commercial buildings worldwide. SKYX argues that its smart technologies are becoming essential in every room, from residential spaces to hotels. New partnerships are driving expansion. A deal with Global Ventures Group will see SKYX deploy its solutions across tens of thousands of homes and hotel rooms in the Middle East. Meanwhile, in the US, the company is contributing to a $4 billion smart city project in Miami, expected to feature over 500,000 units. Retail collaborations are also growing. SKYX has teamed up with major chains like Home Depot and Wayfair to offer smart home products to a wider audience. To further boost sales, it will soon launch an AI-powered e-commerce platform at https://skyplug.com/. On the regulatory front, SKYX is pushing for safety code standardisation of its ceiling outlet technology. Industry experts and regulators are supporting the effort, which aims to ensure broader adoption of its systems.
With fresh funding, extended debt terms, and major deployment deals, SKYX is strengthening its position in the smart technology sector. The company’s focus on global expansion, retail partnerships, and regulatory compliance suggests continued growth in residential and commercial markets. More updates are available in its newsroom at https://ibn.fm/SKYX.
