Autonomous drone manufacturer Skydio announced a $230M financing deal that gives the startup a valuation above $2.2B.
Skydio, the largest drone manufacturer in the U.S., supplies it UAVs to more than half of state transportation departments, all branches of the U.S. military, and more than 200 public safety agencies in most states.
The Ukrainian military is also using Skydio drones to inspect building damages, view terrain before deploying troops, and gather evidence related to war crimes.
- Skydio's enterprise customer base now covers more than 1,200 clients, including Dominion Energy Inc. and a Shell USA contractor.
- The San Mateo, California-based said the new funding will go toward new hires and an expansion of its manufacturing facility that will grow capacity by over 10x.
- The Series E round was led by Linse Capital, which was joined by existing investors Andreessen Horowitz, Next47, IVP, DoCoMo, NVIDIA, the Walton Family Foundation, and UP.Partners. New investors included Hercules Capital and Taser maker Axon.
- Skydio has raised $562M to date.
