Total amount raised
$740 Millions
Latest funding date
Location
Title
Skydio has successfully raised significant funding through multiple rounds, including a Series E, attracting a diverse group of investors. The company specializes in creating autonomous drones powered by artificial intelligence for various sectors such as public safety, defense, and energy.
Keep reading to delve into the details of Skydio's funding journey and the key investors supporting this innovative drone technology company.
What Is Skydio?
Skydio, founded in 2014, is headquartered in San Mateo, California. The company was established by Abraham Bachrach, Adam Bry, and Matt Donahoe.
Specializing in AI-powered drones, Skydio designs and assembles autonomous drones for various sectors, including public safety, defense, and energy. Their drones are known for their advanced obstacle avoidance and autonomous navigation capabilities.
With a workforce of 501-1000 employees, Skydio continues to innovate in the drone industry, providing solutions that simplify complex flying tasks for consumers, enterprises, and government customers.
How Much Funding Has Skydio Raised?
- Seed Round
- Amount Raised: $3M
- Date: January 2015
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial prototypes and validate the technology.
- Series A
- Amount Raised: $25M
- Date: January 2016
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production and expand the team.
- Series B
- Amount Raised: $42M
- Date: February 2018
- Lead Investors: IVP, Playground Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and enter new markets.
- Series C
- Amount Raised: $100M
- Date: July 2020
- Lead Investors: Next47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in R&D.
- Series D
- Amount Raised: $170M
- Date: February 2021
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into international markets and enhance AI capabilities.
- Series E
- Amount Raised: $230M
- Date: February 2023
- Lead Investors: Linse Capital
- Valuation at Round: $2.2 billion
- Motivation Behind the Round: To strengthen enterprise and defense market presence.
- Series E Extension
- Amount Raised: $170M
- Date: November 2024
- Lead Investors: Linse Capital
- Valuation at Round: $2.2 billion
- Motivation Behind the Round: To leverage strategic partnerships and expand deployment in Japan.
Skydio has raised a total of $740M in funding. The current valuation is $2.2 billion.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm based in Silicon Valley. It has a strong reputation for investing in early-stage and growth-stage technology companies.
- Investment Focus Areas: Technology, software, internet companies.
- Notable Investments: Facebook, Airbnb, Slack.
- Linse Capital
- Details: Linse Capital is a growth equity firm that focuses on high-growth technology and industrial companies. The firm is known for its strategic investments and active involvement in its portfolio companies.
- Investment Focus Areas: Technology, industrial sectors.
- Notable Investments: Not publicly disclosed.
- Next47
- Details: Next47 is a global venture firm backed by Siemens, dedicated to supporting innovative startups. The firm leverages Siemens' resources and expertise to help its portfolio companies grow.
- Investment Focus Areas: Technology, innovation-driven companies.
- Notable Investments: Not publicly disclosed.
- IVP (Institutional Venture Partners)
- Details: IVP is a later-stage venture capital and growth equity firm. It has a long history of investing in successful technology companies.
- Investment Focus Areas: Later-stage technology companies.
- Notable Investments: Twitter, Dropbox, Snap.
- Playground Global
- Details: Playground Global is a venture capital firm that invests in hardware and software companies. The firm provides not only capital but also engineering and operational support to its portfolio companies.
- Investment Focus Areas: Hardware, software companies.
- Notable Investments: Not publicly disclosed.
What's Next for Skydio?
Skydio's future looks promising with significant opportunities in the enterprise and defense markets. Strategic investments from Axon and Japan’s KDDI, which plans to deploy Skydio drones at 1,000 sites across Japan, highlight the potential for international expansion. The company has over $1.2 billion in bookings, with half coming from defense clients, and projected 2024 revenue of $180 million.
Future fundraising opportunities appear strong, with the recent $170 million Series E extension round indicating ongoing investor interest. Skydio may continue to attract significant funding rounds, especially from international partners like KDDI. However, challenges such as supply chain disruptions due to Chinese sanctions and navigating regulatory pressures in the global market could pose hurdles. Maintaining technological innovation in a rapidly evolving industry will be crucial for Skydio's sustained growth.
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