SAN MATEO – Skydio, a leading U.S. drone manufacturer, has raised $230 million in funding.
The $230 million Series E round brings Skydio’s total funding raised to $562 million with a current valuation of over $2.2 billion. Linse Capital led the round, joined by existing investors Andreessen Horowitz, Next47, IVP, DoCoMo, NVIDIA, the Walton Family Foundation and UP.Partners. Skydio also welcomed new investors Hercules Capital and Axon, a technology leader in global public safety and a key Skydio technology partner.
Skydio drones are now used by every branch of the U.S. Department of Defense, by over half of all U.S. State Departments of Transportation, by over 200 public safety agencies in 47 states and across more than 60 energy utilities. Additionally, Skydio is used by enterprises in over a dozen other industries. These customers are automating complex inspection tasks and getting situational awareness in life and death situations. On the strength of its autonomy technology, Skydio is now the largest drone manufacturer in the United States. The company says its products are used by over 1,200 organizations.
“Drones enable the core industries that our civilization runs on—transportation, public safety, energy, construction, communications, defense, and more—to operate more safely and more efficiently, by putting sensors wherever they’re needed, whenever they’re needed, while keeping people safely on the ground. The transition to autonomy delivers a step change in the accessibility and utility of drones by removing the need for an expert pilot,” said Adam Bry, co-founder and CEO of Skydio. “We are still in the early innings of the industry, but we are seeing extraordinary demand globally from organizations addressing needs important to every citizen.
Over the last year, Skydio has increased its overall headcount by 40%. Skydio also revealed its new U.S. manufacturing facilities in Hayward, CA, which total over 36,000 square feet, a 10x increase in capacity. To continue to meet demand and support its rapidly growing global customer base, Skydio expects to bring over 150 manufacturing jobs to its facility in Hayward, CA and other U.S. locations.
“Skydio drones are being used to save lives and aid in the maintenance of critical infrastructure in ways that sounded like science fiction just a few years ago,” offered Bastiaan Janmat, Managing Director, Linse Capital. “We couldn’t be more excited to continue our partnership with Skydio as they solidify their position as the world’s most innovative drone technology company.”
Skydio was founded in 2014.