Skydio Scores $110 Million Series F

SAN MATEO &&num;8212&semi; Skydio, a leading maker of drones, 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;&NewLine;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;&NewLine;Bry said the additional capital gives Skydio the room to move even faster to scale production to meet demand across <a href="https&colon;//www&period;skydio&period;com/solutions/dfr/dfr-now3" target="&lowbar;blank" rel="noopener">public safety</a>, <a href="https&colon;//www&period;skydio&period;com/natsec" target="&lowbar;blank" rel="noopener">defense</a>, <a href="https&colon;//www&period;skydio&period;com/solutions/asset-inspection" target="&lowbar;blank" rel="noopener">critical infrastructure</a>, and<a href="https&colon;//www&period;skydio&period;com/solutions/site-security" target="&lowbar;blank" rel="noopener"> site security customers</a>&period;&NewLine;Skydio has over 3,800 customers in defense, utilities, public safety and critical infrastructure&period; The company has delivered over 60,000 drones to date&period;&NewLine;Last month, Skydio announced plans to invest &dollar;3&period;5 billion in the United States over the next five years to expand its domestic manufacturing, accelerate R&amp&semi;D, and strengthen American supply chains&period; The investment is expected to create over 2,000 new Skydio jobs, support the creation of more than 3,000 additional roles within the U&period;S&period; supply chain, and direct more than &dollar;1 billion to domestic suppliers&period;&NewLine;

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