Venture Capital: Skydio, Maker Of Autonomous Drones, Lands $230M Series E

February 28, 2023 | Latest News, News, Venture Capital

Skydio was valued at $2.2 billion in the round.

Drone manufacturer Skydio has raised $230m in a Series E funding round, led by Linse Capital, which values the company at $2.2 billion, more than double its valuation two years ago. Andreessen Horowitz, Next47, IVP, DoCoMo, Nvidia, the Walton Family Foundation, UP Partners, Hercules Capital, and Axon also participated in the round.

Skydio produces drones for consumer, enterprise, and government sectors and has more than 1,200 enterprise customers. Its autonomous drones are mainly used for surveillance and public safety operations. (Crunchbase)

Skydio has raised $562m in total and has seen 30x growth over the past three years. It last raised $170 million Series D at a valuation of over $1 billion two years ago.

“The growth comes against the backdrop of a market that has historically been dominated by manually flown drones made by companies based in China that are beholden to China’s governmental policy,” Skydio said in a statement. “Escalating geo-political tensions have sharpened the need for secure, trustworthy drones to serve critical infrastructure, public safety, and defense customers.”

Skydio’s drones are used by every branch of the US Department of Defense and more than half of all US state departments of transportation.

The new funding is the largest raised by a drone manufacturer this year.

Related Story: Drone Maker Skydio Raises $170M; Earns Its Horn

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…