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U.S. Autonomous Drone Maker Skydio Raises $100 Million, Accelerates Growth in Consumer, Enterprise, and Public Sector

Jul 13, 2020•over 5 years ago

Amount Raised

$100 Million

Redwood City

Description

Skydio, the leading U.S. drone manufacturer and world leader in autonomous flight technology, today announced it has raised $100 million in Series C funding led by Next47 with participation from Levitate Capital, NTT DOCOMO Ventures, and existing investors including Andreessen Horowitz, IVP, and Playground, bringing the company’s total funding to $170 million. Building on the consumer success of Skydio 2, Skydio plans to leverage the new funding to accelerate product development and go-to-market expansion in enterprise and public sector markets.

Company Information

Company

Skydi

Location

Redwood City, California, United States

About

Skydio is the leading U.S. drone manufacturer and world leader in autonomous flight. Skydio leverages breakthrough AI to create the world’s most intelligent flying machines for use by consumer, enterprise, and government customers. Founded in 2014, Skydio is made up of leading experts in AI, robotics, cameras, and electric vehicles from top companies, research labs, and universities from around the world. Skydio designs, assembles, and supports its products in the U.S. from its headquarters in Redwood City, CA, to offer the highest standards of supply chain and manufacturing security. Skydio is trusted by leading enterprises across a wide range of industry sectors and is backed by top investors and strategic partners including Andreesen Horowitz, Levitate Capital, Next47, IVP, Playground, and NVIDIA.

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