Autonomous drone maker Skydio raises $170M led by Andreessen Horowitz

Autonomous drone maker Skydio raises $170M led by Andreessen Horowitz

3 years ago
Anonymous $hYN7Hy7o7J

https://techcrunch.com/2021/02/28/autonomous-drone-maker-skydio-raises-170m-led-by-andreessen-horowitz/

Skydio has raised $170 million in a Series D funding round led by Andreessen Horowitz’s Growth Fund. That pushes it into unicorn territory, with $340 million in total funding and a post-money valuation north of $1 billion. Skydio’s fresh capital comes on the heels of its expansion last year into the enterprise market, and it intends to use the considerable pile of cash to help it expand globally and accelerate product development.

In July of last year, Skydio announced its $100 million Series C financing, and also debuted the X2, its first dedicated enterprise drone. The company also launched a suite of software for commercial and enterprise customers, its first departure from the consumer drone market where it had been focused prior to that raise since its founding in 2014.

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