Drone maker Skydio hits $2.2B valuation with $230M Series E
Skydio announced Monday that it has raised $230 million in a Series E funding round at a valuation of $2.2 billion. In addition, the largest drone manufacturer in the United States has roped in public safety technology provider Axon as a key partner.
Skydio says it has witnessed 30x growth over the past three years after entering the enterprise and public sector market. The company’s drones are being utilized by every branch of the US Department of Defense, over half of all US State Departments of Transportation, more than 200 public safety agencies in 47 states, and across more than 60 energy utilities.
Overall, Skydio’s enterprise customer base now exceeds 1,200 organizations, fueled by an environment of escalating geo-political tensions with China, the global leader in the civilian drone market.
Read: Skydio drones hit new data security milestone with SOC 2 Type II certification
Skydio, whose core strength is autonomy technology, has raised $562…