Curated News
By: NewsRamp Editorial Staff
January 23, 2026
SKYX Platforms Secures $25M Funding to Advance Smart Home Technology
TLDR
- SKYX Platforms raised $25 million to accelerate its smart home technology, offering investors early access to a company targeting a $500 billion market with disruptive plug-and-play solutions.
- SKYX Platforms issued 10 million shares at $2.50 each through a registered direct offering, with net proceeds allocated for working capital and general corporate purposes.
- SKYX's smart home technologies improve safety and functionality in buildings worldwide, making homes more secure and efficient through innovative plug-and-play electrical solutions.
- SKYX's plug-and-play technology can install smart home systems in high-rise buildings in days instead of months, using over 100 patents to modernize traditional electrical infrastructure.
Impact - Why it Matters
This funding announcement represents more than just a financial transaction—it signals growing institutional confidence in the smart home revolution and SKYX's position at its forefront. As homes and buildings increasingly integrate technology for safety, efficiency, and convenience, SKYX's plug & play solutions address critical infrastructure challenges. Their technology could transform how electrical systems are installed and upgraded, potentially reducing costs and timelines for construction projects while improving safety standards. For consumers, this means smarter, safer living environments; for investors, it represents exposure to a company targeting a $500 billion market with innovative intellectual property. The timing is particularly relevant as global trends toward energy efficiency, home automation, and building modernization accelerate, making SKYX's developments worth watching for anyone interested in the future of residential and commercial infrastructure.
Summary
SKYX Platforms Corp. (NASDAQ: SKYX), a smart home platform technology company, has secured a significant $25 million capital infusion through a registered direct offering with a fundamental institutional investor. The company will issue 10 million shares of common stock at $2.50 per share, with Roth Capital Partners acting as exclusive placement agent. The net proceeds are earmarked for working capital and general corporate purposes, with the closing expected around January 26, 2026, subject to customary conditions. This strategic funding move strengthens SKYX's financial position as it advances its mission to make homes and buildings safe, advanced, and smart as the new standard.
The company's disruptive technology platform centers on modernizing traditional electrical infrastructure through innovative plug & play solutions. With over 100 issued and pending U.S. and global patents, SKYX is developing technologies designed to improve safety, functionality, and ease of use across residential, commercial, hospitality, and institutional buildings worldwide. Their portfolio includes an advanced ceiling electrical outlet platform and expanding smart home products like lighting, ceiling fans, chandeliers, and themed lighting solutions. The company's "razor-and-blades" business model supports recurring revenue through product interchangeability, upgrades, AI-enabled services, monitoring, and subscriptions.
SKYX estimates its U.S. total addressable market at approximately $500 billion, with more than 4.2 billion ceiling applications nationwide. The company's plug & play technology enables rapid installation in high-rise buildings and hotels, reducing deployment timelines from months to days—a significant advantage in construction and renovation projects. Revenue streams are expected to include product sales, licensing, royalties, subscriptions, monitoring services, and the sale of global country rights. For investors seeking the latest updates, the company maintains a comprehensive newsroom through the InvestorBrandNetwork, which provides specialized communications services including press release syndication and social media distribution via its Dynamic Brand Portfolio.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, SKYX Platforms Secures $25M Funding to Advance Smart Home Technology
