Skydio Scores $110 Million Series F

<p><strong>SAN MATEO<&sol;strong> &&num;8212&semi; Skydio&comma; a leading maker of drones&comma; has raised a &dollar;110 million Series F round&period; The new funding gives the company a valuation of &dollar;4&period;5 billion&period;<&sol;p>&NewLine;<p>CEO and co-founder Adam Bry said the surprise in the funding announcement is how little the company raised since it is already generating hundreds of millions of dollars in revenue&period;<&sol;p>&NewLine;<p>Bry said the additional capital gives Skydio the room to move even faster to scale production to meet demand across <a href&equals;"https&colon;&sol;&sol;www&period;skydio&period;com&sol;solutions&sol;dfr&sol;dfr-now3" target&equals;"&lowbar;blank" rel&equals;"noopener">public safety<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;www&period;skydio&period;com&sol;natsec" target&equals;"&lowbar;blank" rel&equals;"noopener">defense<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;www&period;skydio&period;com&sol;solutions&sol;asset-inspection" target&equals;"&lowbar;blank" rel&equals;"noopener">critical infrastructure<&sol;a>&comma; and<a href&equals;"https&colon;&sol;&sol;www&period;skydio&period;com&sol;solutions&sol;site-security" target&equals;"&lowbar;blank" rel&equals;"noopener"> site security customers<&sol;a>&period;<&sol;p>&NewLine;<p>Skydio has over 3&comma;800 customers in defense&comma; utilities&comma; public safety and critical infrastructure&period; The company has delivered over 60&comma;000 drones to date&period;<&sol;p>&NewLine;<p>Last month&comma; Skydio announced plans to invest &dollar;3&period;5 billion in the United States over the next five years to expand its domestic manufacturing&comma; accelerate R&amp&semi;D&comma; and strengthen American supply chains&period; The investment is expected to create over 2&comma;000 new Skydio jobs&comma; support the creation of more than 3&comma;000 additional roles within the U&period;S&period; supply chain&comma; and direct more than &dollar;1 billion to domestic suppliers&period;<&sol;p>&NewLine;