While it’s true that window cleaning safety has come a long way since the birth of the skyscraper, it’s still a time and labor-intensive process that’s not without its risks.
We first covered the Israeli firm in March of last year when it announced what it referred to as a “pre-Series A” worth $6.5 million.
You can read more about that process in Rebecca’s recent writeup here, but simply put, it’s a method for raising money when investing has slowed that gives investors future access to equity in your early-stage firm.
CEO Michael Brown alludes to such fundraising challenges in a statement, noting:
The company currently has systems deployed in New York City, as well as patent grants in Japan and Singapore.
Skyline says the funding will be used for “the company’s ongoing 2023 business operation plans,” including expansion into additional cities and countries.