Skykit Launches Android Version of Digital Signage Product at InfoComm

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Skykit’s Parent Company Announces $6.5M Raise To Speed Growth

This article was originally posted on Sixteen-Nine, click here to view the original.

The company behind the Google Chrome OS-centric digital signage solution Skykit has announced a $6.5 million funding round intended to drive what it calls an aggressive growth plan.

Minneapolis-based Agosto Holdings, which describes itself as a cloud services and development company, secured funds from Bridge Bank and SG Credit Partners.

Agosto’s core business is selling and supporting Google Cloud products for the private and public sectors, but it has since 2014 been developing and marketing Skykit. Former Wireless Ronin and Samsung exec Linda Hofflander is the most familiar signage ecosystem person involved with Agosto/Skykit, which also has offices Toronto, Houston, Nashville, San Francisco, and Los Angeles.

From the PR:

“Agosto is a high growth, innovative company that has matured to the stage where it can obtain funds on demand,” says Raelene Sagapolu, Vice President at Bridge Bank. “These funds will be of great benefit to the company, its partner ecosystem, and its shareholders since it enables Agosto to invest in the company without touching existing equity.”

Agosto has tripled its revenues and headcount since 2016. The capital will allow Agosto to continue to keep pace with an aggressive growth plan that includes advancing its go-to-market strategy within the Google ecosystem, adding personnel to its sales and marketing departments, and continuing to promote Skykit – the first digital signage content management system (CMS) built on Google Cloud Platform (GCP).

Since Skykit’s launch in 2014, Agosto has invested significant capital into the product, which is as suited to a budget-conscious school district as it is for a global enterprise. Skykit presently has hundreds of customers, including one of the largest health education digital signage networks in North America.

“Agosto’s new strategic relationships with Bridge Bank and SG Credit come after four years of tremendous growth,” adds Michael Majerus, Agosto Vice President of Finance and Human Resources. “Our plans call for an acceleration of this growth in the coming years, and this new capital will allow us to continue to invest in specific areas of the company while maintaining shareholders’ equity interests for the foreseeable future.”

Work Hard, Bike Harder

You know what they say: work hard, bike harder! At Skykit (and our parent company – Agosto) we wear our Minneapolis-pride on our sleeves (and our cycling kits) with our unabashed love of cycling.

Minneapolis, our founding headquarters, holds the place as one of the best biking cities in the United States. In fact, as of 2016, Minneapolis had more than 226 miles of bike lanes, leading the nation in density of bike lanes per square mile, not to brag or anything.

Many of our cycling employees take advantage of the Agosto and Skykit Bike to Work Program. Employees who ride their bikes to work for 40 days or 200 miles receive a free “Golden Wrench TuneUp” from the company. We also host yearly cycling outings, where we bike to and picnic together in a local park.

But why stop there? We have a history of pushing ourselves just a little bit further to see what’s possible. So last year, we started our own Skykit racing team, where a few coworkers started riding together in challenging races with technically demanding trails and lots and lots of climbing. Below are just a few of our favorites.

The Leadville 100 in Leadville, Colorado

A one hundred mile race across the high-altitude Colorado Rockies, starting at 10,152 feet and climbing to 12,424 feet.

The Lutsen 99er in Lutsen, Minnesota

A 99 mile race on both forest trails and pavement with 7,000 feet of climbing.

The Horrible Hilly Hundreds in Blue Mounds, Wisconsin

A 150K route through a lot of hills and more than 9,300 feet of elevation gain.

All told, the Skykit team rode more than 10,000 miles combined last year, and we plan to ramp up this year to add more members and even more miles. At least a dozen events are scheduled.

Are you interested in being a part of it? Contact us!

And let us know if you’re interested in cheering us on or even riding along with us, we’d love to see you rocking your Skykit gear at an upcoming race!