Recognised deals for the month of May, invoiced in June. Followed by the June book of work in progress — the firm's forward forecast, invoiced in July.
The top four customers — Torc Robotics, Lumaril, May Mobility and Black Forest Labs — account for 74% of the month, spread across autonomy, physical AI and frontier models. No single customer exceeds 24% of monthly billings, and the work spans the breadth of AI and deep-tech end-markets — autonomy, robotics, frontier models, ML infrastructure and space systems — alongside a small contract / eCommerce component.
Billings come from category-leading AI and deep-tech companies across multiple end-markets — depth in marquee accounts rather than reliance on any single customer or segment.
Applied Intuition is the standout forward customer: $88,000 across two direct engagements plus a combined Skild + Applied Intuition placement of $120,000 — total exposure up to ~$208,000 for the month. New-logo momentum is visible in Deeter, Kite AI, Baseten and Skyworks, each a recently-funded AI / GPU-infrastructure client. The $120,000 line spans two customers and is shown combined as booked; the $20,000 agentic-AI development placement is pending customer confirmation.