SKYX Platforms Secures $9.5M Investment, Expands Global Smart Home Deployments
TL;DR
SKYX Platforms' $9.5 million investment and $13 million cash position provide a financial edge to expand smart technology deployment in major projects like Miami's $4 billion smart city.
SKYX Platforms extended $13.5 million in notes to 2030, secured strategic agreements for technology deployment, and reported seven consecutive quarters of revenue growth through Q3 2025.
SKYX's smart ceiling outlet technology advances safety standardization and smart home accessibility, making buildings safer and more efficient for communities worldwide.
SKYX Platforms holds over 97 patents and is launching an AI-driven e-commerce platform while collaborating with Home Depot and Wayfair to revolutionize smart living.
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SKYX Platforms Corp. (NASDAQ: SKYX) announced a $9.5 million investment from leading shareholders, bringing the company's total cash, cash equivalents, restricted cash, and receivables to approximately $13 million as of September 30, 2025. This capital infusion supports the company's continued market expansion and operational goals. The company also extended and converted $13.5 million in near-term notes to 2030, strengthening its balance sheet and providing a pathway toward cash flow positivity.
The financial update coincides with significant strategic developments for SKYX's smart home technologies. A key agreement with Global Ventures Group will deploy SKYX's smart technologies across tens of thousands of homes and hotel rooms in the Middle East, marking a major international expansion. Domestically, the company has expanded its participation in a $4 billion mixed-use smart city project in Miami, which is expected to include more than 500,000 units. These large-scale deployments are critical for establishing SKYX's technologies as a standard in new construction and major renovations.
SKYX reported seven consecutive comparable quarters of revenue growth through the third quarter of 2025, demonstrating increasing market traction. The company also announced the upcoming launch of an AI-driven e-commerce platform designed to boost conversion rates and sales, which can be accessed at https://skyplug.com/. This platform represents a direct-to-consumer and professional installer channel for its products.
Beyond commercial growth, SKYX cited ongoing progress toward safety code standardization for its ceiling outlet technology. This effort is supported by industry veterans and ongoing engagement with regulatory and insurance stakeholders. Standardization is a crucial step for widespread adoption, as it ensures building code compliance and addresses safety concerns for installers and homeowners. The company's mission to make advanced, safe, and smart technology a standard in every home and building hinges on this regulatory acceptance.
The company's portfolio includes a series of platform technologies with over 97 U.S. and global patents and patent-pending applications. These technologies are designed for high quality and ease of use while enhancing safety and lifestyle. Collaborations with major retailers like Home Depot and Wayfair further extend the product's reach into the home improvement and furnishings markets, making the technology accessible for retrofit projects. For ongoing news and updates, information is available in the company's newsroom at https://ibn.fm/SKYX.
Curated from InvestorBrandNetwork (IBN)
