SKYX Expands Retail Footprint With NVIDIA Partnership and $33M Funding Round

GlobeNewswire Inc.GlobeNewswire Inc.
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Key Takeaway

SKYX secures $33M funding and NVIDIA partnership, expanding retail presence across major chains with projections of 100,000+ units by 2026.

SKYX Expands Retail Footprint With NVIDIA Partnership and $33M Funding Round

SKYX Platforms Corp. announced a series of strategic developments aimed at accelerating its market penetration and product innovation. The company has secured $33 million in recent capital raises from institutional investors and established a collaboration with NVIDIA's AI Ecosystem Connect Program, positioning itself within the broader artificial intelligence infrastructure ecosystem.

The company's growth trajectory reflects strong operational momentum, with seven consecutive quarters of revenue expansion. SKYX has secured shelf space at major retailers including Home Depot, Walmart, Target, and Lowe's, marking significant distribution milestones. Management projects deployment of over 100,000 units by the end of 2026, indicating substantial scaling expectations.

Beyond commercial expansion, SKYX is advancing standardization efforts for its ceiling outlet technology with support from industry veterans, suggesting a focus on establishing technical standards within its product category. This initiative addresses infrastructure compatibility and safety considerations as the company scales production and market adoption.

Source: GlobeNewswire Inc.

Back to newsPublished Feb 19

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