4 years ago

Skydio Reaches $1 Billion Valuation with $170 Million Series D Funding

  • Skydio, a drone startup founded by former MIT and Google scientists, has reached a $1 billion valuation after securing a $170 million Series D funding round led by Andreessen Horowitz

  • The company, known for its autonomous flight capabilities and small drones, has gained recognition as a leader in the industry, offering solutions for consumers, infrastructure companies, the military, search and rescue, and law enforcement

  • Skydio's success comes as it positions itself as an alternative to DJI, the industry leader, amid concerns over DJI's Chinese origins

  • The company has secured contracts with the U.S

  • Army, the Drug Enforcement Administration, various local police agencies, and EagleView for residential roof inspection.

      • ProblemTechnology

      "Traditional drones require skilled pilots and are limited in their capabilities, making them unsuitable for many applications like search and rescue, infrastructure inspection, and military surveillance."

      Solution

      "Skydio offers autonomous drones that can navigate complex environments and perform tasks without human intervention, making them more efficient and reliable for various industries."

      Covered on