Seattle-based cloud automation company SkyKick has laid off employees, the company confirmed Friday.
SkyKick declined to specify how many workers were let go. The layoffs come less than two years after SkyKick raised a $130 million round in September 2021.
“Over the last 18 months, SkyKick had invested heavily in future growth areas of the business," Todd Schwartz, SkyKick co-founder and co-CEO, said in a statement to the Business Journal. "We are making some organizational changes to right-size these investments. There should be no impact to our partners. Most importantly, we are sad to say goodbye to some valuable colleagues — any company would be lucky to hire them.”
At the time of the massive raise in 2021, Schwartz and fellow co-founder and co-CEO Evan Richman said the company had about 250 employees and planned to grow by 100 people over the course of a year. Richmand and Schwartz are both former Microsoft executives, and Schwartz was previously an officer in the Army.
SkyKick, founded in 2011, helps IT providers working with small and midsize businesses. Its tech is designed to help IT clients better serve their own customers working in the cloud. SkyKick works with more than 30,000 clients.
The company had raised more than $200 million as of September 2021, and its investors include Morgan Stanley Investment Management, Hawk Equity, Trebuchet Capital and Schechter Private Capital.
In addition to its Uptown office, SkyKick has offices in Amsterdam, London, Sydney and Tokyo. The company started with the goal of helping 1 billion small businesses in the cloud.
"There’s a massive market ahead to go help serve," Schwartz previously told the Business Journal. "For us, we’re going to continue to build products that help IT service providers automate the work they do. As this whole billion-user, $1 trillion market transforms, we’re at the very early stage of that and have a long way to go."
