Skytree, a US-based data analytics company, has raised $18m in its extended series A round from a consortium including New York-listed package delivery company UPS’s corporate venturing unit.
Alongside UPS in the A round were venture capital firms US Venture Partners, which led, Javelin Venture Partners and Osage University Partners and angel investor Scott McNealy, co-founder and former chief executive of Sun Microsystems and chairman of Wayin.
In February last year, Skytree said it had raised an undisclosed amount of A funding from Javelin Venture Partners. A regulatory filing from October said Skytree at that point had raised $1.075m of a planned $2m round.
Rimas Kapeskas, managing director of UPS Strategic Enterprise Fund and a member of the Global Corporate Venturing Powerlist 100, by email said: “This is definitely a strategic investment. We have been tracking developments in the big data, machine learning and predictive analytics space for some time. Skytree is the right opportunity for us to better understand the space as it grows.”