Skydio has raised a total of $740 million across multiple funding rounds, most recently securing a $170 million Series E extension in November 2024, which brought its valuation to $2.2 billion. Founded in 2014 and headquartered in San Mateo, California, Skydio specializes in AI-powered autonomous drones for enterprise, defense, and public safety. The company employs 501–1,000 people and has $1.2 billion in bookings, with projected 2024 revenue of $180 million.
What is Skydio and What Does It Do?
Founded by Abraham Bachrach, Adam Bry, and Matt Donahoe, Skydio develops autonomous drones powered by AI. Its drones provide advanced obstacle avoidance, autonomous navigation, and AI-driven features for enterprise, defense, and public safety sectors. Skydio’s drones simplify complex aerial operations and aim to expand global presence.
How Much Funding Has Skydio Raised?
- Seed Round
- Amount Raised: $3M
- Date: January 2015
- Lead Investors: Andreessen Horowitz
- Motivation: To develop initial prototypes and validate the technology.
- Series A
- Amount Raised: $25M
- Date: January 2016
- Lead Investors: Andreessen Horowitz
- Motivation: To scale production and expand the team.
- Series B
- Amount Raised: $42M
- Date: February 2018
- Lead Investors: IVP, Playground Global
- Motivation: To enhance product features and enter new markets.
- Series C
- Amount Raised: $100M
- Date: July 2020
- Lead Investors: Next47
- Motivation: To accelerate growth and invest in R&D.
- Series D
- Amount Raised: $170M
- Date: February 2021
- Lead Investors: Andreessen Horowitz
- Motivation: To expand into international markets and enhance AI capabilities.
- Series E
- Amount Raised: $230M
- Date: February 2023
- Lead Investors: Linse Capital
- Valuation at Round: $2.2B
- Motivation: To strengthen enterprise and defense market presence.
- Series E Extension
- Amount Raised: $170M
- Date: November 2024
- Lead Investors: Linse Capital
- Valuation at Round: $2.2B
- Motivation: To leverage strategic partnerships and expand deployment in Japan.
Total Funding Raised: $740M
Current Valuation: $2.2B (as of November 2024)
Latest Funding Date: November 2024
Key Investors
- Andreessen Horowitz
- Details: Leading venture capital firm investing in early and growth-stage technology companies.
- Investment Focus Areas: Technology, software, and internet companies.
- Notable Investments: Facebook, Airbnb, Slack.
- Linse Capital
- Details: Growth equity firm focused on high-growth technology and industrial companies.
- Investment Focus Areas: Technology, industrial sectors.
- Next47
- Details: Global venture firm backed by Siemens, supporting innovative startups.
- Investment Focus Areas: Technology, innovation-driven companies.
- IVP (Institutional Venture Partners)
- Details: Later-stage venture capital and growth equity firm.
- Investment Focus Areas: Technology companies at later stages.
- Notable Investments: Twitter, Dropbox, Snap.
- Playground Global
- Details: Venture firm investing in hardware and software companies with hands-on engineering support.
- Investment Focus Areas: Hardware, software companies.
Where Is Skydio’s Headquarters?
Skydio is headquartered in San Mateo, California, providing access to U.S. tech talent, defense partners, and innovation ecosystems that support drone development and enterprise deployments.
What’s Next for Skydio?
Skydio plans to expand enterprise and defense drone deployments, including partnerships with Axon and Japan’s KDDI, which will deploy drones at 1,000 sites. With over $1.2 billion in bookings and projected 2024 revenue of $180 million, the company is positioned for continued growth. Challenges include supply chain disruptions, regulatory hurdles, and maintaining technological innovation in a competitive industry.
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