Curated News
By: NewsRamp Editorial Staff
January 05, 2026
SKYX Platforms Secures $9.5M, Expands Smart Tech Globally
TLDR
- 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.
Impact - Why it Matters
This news matters because it signals a maturation and scaling phase for a company aiming to redefine home and building infrastructure. SKYX's focus on standardizing smart, safe ceiling outlets could fundamentally change how electricity and devices are integrated into living spaces, moving beyond traditional wall sockets. The financial stability from recent investments and debt restructuring reduces execution risk for its ambitious projects, including the massive Miami smart city development and Middle East expansion. For consumers, progress toward code standardization is critical, as it paves the way for wider, safer adoption of these technologies in new constructions and renovations. For the smart home and proptech industries, SKYX's growth and partnerships with major retailers and developers validate the market demand for integrated, safety-focused building solutions. Their move into AI-driven e-commerce also reflects the broader trend of leveraging artificial intelligence to personalize and streamline the customer journey in home improvement. Ultimately, SKYX's trajectory points toward a future where advanced, networked functionality becomes as standard and essential in buildings as basic electricity is today.
Summary
SKYX Platforms Corp. (NASDAQ: SKYX), a company dedicated to making advanced, safe, and smart technology the new standard in homes and buildings, has announced a significant corporate update bolstered by a $9.5 million investment from leading shareholders. This infusion brings the company's total cash, cash equivalents, restricted cash, and receivables to approximately $13 million as of September 30, 2025, providing a robust financial foundation for continued market expansion. The company has also strategically extended and converted $13.5 million in near-term notes to 2030, strengthening its balance sheet and positioning itself with sufficient capital to reach cash flow positivity, a critical milestone for any growth-stage technology firm.
The core of the update highlights a series of aggressive expansion efforts and technological advancements. A pivotal strategic agreement with Global Ventures Group aims to deploy SKYX's smart technologies across tens of thousands of homes and hotel rooms in the Middle East, marking a major international push. Domestically, the company has expanded its participation in a massive $4 billion mixed-use smart city project in Miami, which is expected to include over 500,000 units, showcasing the scalability of its platform. Further solidifying its market presence, SKYX continues its collaborations with retail giants Home Depot and Wayfair. The company also reports an impressive track record of seven consecutive comparable quarters of revenue growth through Q3 2025 and announced the upcoming launch of an AI-driven e-commerce platform designed to boost conversion and sales. Concurrently, SKYX is making progress toward safety code standardization for its innovative ceiling outlet technology, a crucial step supported by industry veterans and ongoing engagement with regulatory and insurance stakeholders. For more details, the full press release is available for viewing.
SKYX Platforms, with over 97 U.S. and global patents and pending applications, emphasizes that its disruptive technologies are a necessity for enhancing safety and lifestyle in every room. The company's mission and updates are disseminated through channels like TechMediaWire (“TMW”), a specialized communications platform within the Dynamic Brand Portfolio that provides extensive distribution and brand awareness services for technology companies. TMW leverages a vast network, including solutions via InvestorWire, to help clients like SKYX reach target markets effectively. For ongoing updates, investors can follow the company's newsroom.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, SKYX Platforms Secures $9.5M, Expands Smart Tech Globally
