Skydio, the main U.S. drone producer and world chief in autonomous flight, in the present day introduced it has raised $170 million in Sequence D funding led by Andreessen Horowitz’s Progress Fund.
This brings complete funding raised to over $340 million with a present valuation of over $1 billion. Andreessen Horowitz, which additionally led the Sequence A, is joined on this spherical by present traders Linse Capital, Subsequent47, and IVP, together with new investor UP.Companions. With the extra capital raised, Skydio will additional speed up product improvement and international gross sales growth to assist the quickly rising demand for its autonomous drone options.
“The preliminary wave of hype round enterprise drones handed a few years in the past, however we’re now seeing these markets actually mature. Autonomy is the important thing for drones to achieve scale, and Skydio has established themselves because the defining firm on this class. We’re excited to proceed to take a position on this magical mixture of breakthrough know-how, speedy development, and an unimaginable workforce in a market that’s going via an inflection level,” mentioned David Ulevitch, Normal Companion at Andreessen Horowitz.
“From the second we met the Skydio workforce and noticed the S2 in motion, we knew this was going to be a world-changing firm. Consider all the damaging jobs requiring ladders, harnesses, or helicopters to do work that may now, with Skydio, be carried out far more safely and effectively. Autonomous drones will allow our growing old infrastructure to be monitored far more successfully and our first responders can have higher situational consciousness than ever earlier than,” mentioned Bastiaan Janmaat, Companion at Linse Capital.
During the last yr Skydio has made vital progress in each market class. From the continued adoption of Skydio 2 by customers, to the most important ever enterprise drone take care of EagleView for residential roof inspection, to the downselection for last integration as a part of the Military Brief Vary Reconnaissance Program, Skydio has been chosen in a myriad of deployments throughout development corporations, departments of transportation, vitality utilities, and police departments. Main enterprises and public sector organizations, together with Jacobs Engineering, Sundt Building, the USCivil Air Patrol, Ohio Division of Transportation, North Carolina Division of Transportation, Boston PD, and Sacramento Metro Hearth Division, depend on Skydio autonomous drones for infrastructure inspection, search and rescue, situational consciousness, emergency response and lots of extra use circumstances.
“This is a vital milestone for us as an organization, but in addition for the U.S. drone trade. Along with our clients, we’re proving that a U.S. firm can prepared the ground on this trade via AI and autonomy. Issues are already fairly thrilling, however we’re simply scratching the floor of what autonomous drones can do,” mentioned Adam Bry, CEO and Co-founder of Skydio.
Skydio is based on the premise that autonomy is the important thing ingredient to unlock the total potential of drones. By reworking drones into clever units that may dynamically perceive and modify to the setting by which they’re operated, Skydio permits radically less complicated flights and makes missions as soon as thought-about unattainable doable.
The introduction of the Skydio 2 in 2019 marked the start of an formidable innovation agenda to take drones into the age of software program and AI-based autonomy that can additional speed up in 2021 with the upcoming launch of the brand new Skydio X2, recipient of CES’s 2021 Better of Innovation Award, and Skydio 3D Scan, the first-of-its-kind adaptive scanning software program.
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