SKYX Secures $9.5M Funding to Fuel Smart-Home Expansion and AI Sales Push
SKYX Platforms Corp. (NASDAQ: SKYX) has secured a $9.5 million investment, boosting its cash reserves to around $13 million by September 2025. The company claims its smart-home products are now essential in homes and buildings worldwide. Recent moves include expanding into major projects and strengthening its financial position for future growth.
The company has reported seven straight quarters of revenue growth up to Q3 2025. To further solidify its finances, SKYX extended and converted $13.5 million in short-term debt into long-term notes due in 2030. Management states this provides enough capital to reach cash flow positivity.
SKYX has also expanded its role in a $4 billion smart city development in Miami. The project will feature over 500,000 units equipped with its technology. Meanwhile, a new partnership with Global Ventures Group will see its products installed in tens of thousands of homes and hotel rooms across Saudi Arabia and Egypt.
The firm is preparing to launch an AI-powered e-commerce platform, SkyPlug, to drive sales. It has also teamed up with major retailers like Home Depot and Wayfair to widen distribution. Additionally, SKYX is pushing for safety code standardisation of its ceiling outlet technology to support broader adoption.
With fresh funding, debt restructuring, and key partnerships in place, SKYX aims to accelerate its smart-home expansion. The company’s focus on large-scale projects and retail collaborations positions it for further growth in the coming years. An AI-driven sales platform and safety certification efforts are expected to strengthen its market presence.
