Skydio Soars With $230 Million Series E

<p><strong>SAN MATEO – <&sol;strong>Skydio&comma; a leading U&period;S&period; drone manufacturer&comma; has raised &dollar;230 million in funding&period;<&sol;p>&NewLine;<p>The &dollar;230 million Series E round brings Skydio’s total funding raised to &dollar;562 million with a current valuation of over &dollar;2&period;2 billion&period; Linse Capital led the round&comma; joined by existing investors Andreessen Horowitz&comma; Next47&comma; IVP&comma; DoCoMo&comma; NVIDIA&comma; the Walton Family Foundation and UP&period;Partners&period; Skydio also welcomed new investors Hercules Capital and <a class&equals;"undefined" href&equals;"http&colon;&sol;&sol;www&period;axon&period;com&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">Axon<&sol;a>&comma; a technology leader in global public safety and a key Skydio technology partner&period;<&sol;p>&NewLine;<p>Skydio drones are now used by every branch of the U&period;S&period; Department of Defense&comma; by over half of all U&period;S&period; State Departments of Transportation&comma; by over 200 public safety agencies in 47 states and across more than 60 energy utilities&period; Additionally&comma; Skydio is used by enterprises in over a dozen other industries&period; These customers are automating complex inspection tasks and getting situational awareness in life and death situations&period; On the strength of its autonomy technology&comma; Skydio is now the largest drone manufacturer in the United States&period; The company says its products are used by over 1&comma;200 organizations&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Drones enable the core industries that our civilization runs on—transportation&comma; public safety&comma; energy&comma; construction&comma; communications&comma; defense&comma; and more—to operate more safely and more efficiently&comma; by putting sensors wherever they’re needed&comma; whenever they’re needed&comma; while keeping people safely on the ground&period; The transition to autonomy delivers a step change in the accessibility and utility of drones by removing the need for an expert pilot&comma;” said Adam Bry&comma; co-founder and CEO of Skydio&period; &OpenCurlyDoubleQuote;We are still in the early innings of the industry&comma; but we are seeing extraordinary demand globally from organizations addressing needs important to every citizen&period;<&sol;p>&NewLine;<p>Over the last year&comma; Skydio has increased its overall headcount by 40&percnt;&period; Skydio also revealed its new U&period;S&period; manufacturing facilities in Hayward&comma; CA&comma; which total over 36&comma;000 square feet&comma; a 10x increase in capacity&period; To continue to meet demand and support its rapidly growing global customer base&comma; Skydio expects to bring over 150 manufacturing jobs to its facility in Hayward&comma; CA and other U&period;S&period; locations&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;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&comma;” offered Bastiaan Janmat&comma; Managing Director&comma; Linse Capital&period; &OpenCurlyDoubleQuote;We couldn&&num;8217&semi;t be more excited to continue our partnership with Skydio as they solidify their position as the world&&num;8217&semi;s most innovative drone technology company&period;”<&sol;p>&NewLine;<p>Skydio was founded in 2014&period;<&sol;p>&NewLine;