Curated News
By: NewsRamp Editorial Staff
February 19, 2026

SKYX Raises $33M, Launches AI E-Commerce, Targets $500B Smart Home Market

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TLDR

  • SKYX Platforms raised over $33 million and launched AI e-commerce software that could boost conversion rates by 30%, giving investors a competitive edge in smart home technology.
  • SKYX Platforms extended $13.5 million in notes to 2030 and plans to deploy over 100,000 products in 2026 through expanded global manufacturing partnerships.
  • SKYX's safety standardization efforts and smart home technologies aim to make buildings safer and more accessible, improving daily life through enhanced safety and convenience.
  • SKYX demonstrated its technology during a Marriott renovation and received a $16.5 million investment from hotel owner The Shaner Group, highlighting real-world adoption.

Impact - Why it Matters

This news matters because it signals a major step forward for smart home and building safety technology becoming mainstream. SKYX's focus on mandatory safety standardization through code bodies and insurance engagement is crucial; if successful, it could transform building codes much like GFCI outlets did, making advanced electrical systems a required safety feature rather than a luxury. This impacts consumers by potentially making homes significantly safer and more adaptable to future technology with easier, faster installations. For the construction and hospitality industries, it promises reduced labor costs and renovation times. The company's massive $500 billion estimated market and push for recurring revenue through subscriptions and monitoring also highlight a shifting economic model in the hardware sector, where long-term software and service revenue becomes integral. The involvement of a major hotel owner like The Shaner Group as an investor validates the technology's practical application in large-scale commercial settings, suggesting real-world readiness beyond conceptual stages.

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 financial milestone, raising over $33 million in cash since September 30, 2025. This capital infusion includes a substantial $25 million straight common investment at $2.50 per share without warrants, significantly strengthening its balance sheet as it progresses toward sustained cash-flow generation and profitability. The company also extended and converted $13.5 million in notes to 2030, providing further financial stability. A key player in this development is The Shaner Group, a hotel owner, which led a $16.5 million investment round, underscoring industry confidence in SKYX's vision and technologies.

Beyond the financials, SKYX is aggressively advancing its product and market strategy. The company plans to launch new AI-driven e-commerce software across its portfolio of 60 lighting and home decor websites, a move that could potentially increase conversion rates by up to 30%. This initiative is part of a broader growth trajectory, with the company reporting seven consecutive comparable quarterly revenue increases through Q3 2025. Operationally, SKYX highlighted a successful technology demonstration during a Marriott renovation and anticipates deploying more than 100,000 of its products in 2026. The company is expanding its global manufacturing partnerships and continues its critical efforts toward achieving mandatory safety standardization for its technologies through engagement with industry code bodies and insurance companies, which is pivotal for widespread adoption.

The core of SKYX's business is its series of highly disruptive platform technologies, backed by over 100 U.S. and global patents and pending applications. Its product ecosystem, which it describes using a "Razor & Blades" model, includes an advanced ceiling electrical outlet (the Razor) and a wide array of smart, plug-and-play home products (the Blades), such as lighting, fans, and smart home devices. This technology enables installation in buildings within days rather than months. The company estimates its total addressable market in the U.S. alone at roughly $500 billion, with over 4.2 billion ceiling applications. Expected revenue streams are diverse, including product sales, royalties, licensing, subscriptions, and monitoring services. For more information, investors and interested parties can visit the company's newsroom at the InvestorBrandNetwork.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, SKYX Raises $33M, Launches AI E-Commerce, Targets $500B Smart Home Market

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