[5] Skyfire received initial funding of $4.8 million from Matrix Partners and Trinity Ventures in June 2007.

[6] Skyfire increased their funding in 2008 with an additional $13 million investment from Lightspeed Venture Partners, Matrix and Trinity.

[11] It offers real-time optimization of mobile video to enable smoother streaming, and allows for the ability to measure, quantify and then mitigate congestion down to a per-stream level.

It includes a web-based management portal that allows an operator to define extensions via the cloud without needing to update client software.

[13] The product is currently deployed on multiple tier one carriers in North America, and is in numerous trials across the U.S. and Europe.

[14] In October 2012, Sprint added Skyfire Horizon to their Pinsight Media+ promotion, and its upcoming Android devices.

In the first generation (1.x) browser, a web page was fully rendered by a server separate from the mobile device, similar to the operation of a thin client.

The second generation (2.x) browser employed a hybrid approach, using a conventional rendering of web pages on the handheld device, but streaming video from Skyfire's servers.

[21] The Skyfire Web Browser was supported on iOS,[22] Android, SymbianOS and Windows Mobile[23] devices before being discontinued in May 2014.