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U.S. Autonomous Drone Maker Skydio Announces $170 Million In Series D Funding Led by Andreessen Horowitz’s Growth Fund

Mar 01, 2021•over 4 years ago

Amount Raised

$170 Million

Round Type

series d

Redwood City

Description

Skydio, the leading U.S. drone manufacturer and world leader in autonomous flight, today announced it has raised $170 million in Series D funding led by Andreessen Horowitz’s Growth Fund. This brings total funding raised to over $340 million with a current valuation of over $1 billion. Andreessen Horowitz, which also led the Series A, is joined in this round by existing investors Linse Capital, Next47, and IVP, along with new investor UP.Partners

Company Information

Company

Skydio

Location

Redwood City, California, United States

About

Skydio is the leading U.S. drone manufacturer and world leader in autonomous flight. Skydio leverages breakthrough AI to create the world’s most intelligent flying machines for use by consumer, enterprise, and government customers. Founded in 2014, Skydio is made up of leading experts in AI, robotics, cameras, and electric vehicles from top companies, research labs, and universities from around the world. Skydio designs, assembles, and supports its products in the U.S. from its headquarters in Redwood City, CA, and has been selected as Trusted Drone Provider for U.S. Federal Government as part of the Defense Innovation Unit’s Blue sUAS Project. Skydio is trusted by leading enterprises across a wide range of industry sectors and is backed by top investors and strategic partners including Andreessen Horowitz, Linse Capital, Next47, IVP, Playground, NVIDIA, and UP.Partners.

Funding Insights

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