Skydio Raises $230 Million in a Series E Round at $2.2 Billion Valuation

Skydio is a manufacturer of AI-powered drones that are used to deliver power and flying cameras. As the world leader in flight autonomy, Skydio designs productive and safe drones for the public sector and enterprises.

The new Series E round was led by Linse Capital and included participation from Andreessen Horowitz, Next47, IVP, DoCoMo, Nvidia, the Walton Family Foundation, UP Partners, Hercules Capital, and Axon.

Skydio, California, United States, was founded in 2014 by Adam Bry, Abe Bachrach, and Matt Donahoe. Adam Bry and Abe Bachrach researched ways to build aircraft that could fly without GPS and in 2012 they helped to develop autonomous-control algorithms that could calculate a plane’s trajectory and determine its location, physical orientation, velocity, and acceleration. “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,” said co-founder and CEO Adam Bry.

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