March 1, 2021 11:15 am
Original Link: https://www.theverge.com/2021/3/1/22306876/skydio-1-billion-valuation-enterprise-military-customers-chinese-drones-grounded
US drone firm Skydio valued at $1 billion as government freezes out Chinese competition
Skydio has become the first US dronemaker with a valuation of more than $1 billion, a signal of deeper investment in American-made drones after the US government blacklisted Chinese manufacturers. The California-based Skydio raised $170 million in a Series D funding round led by VC firm Andreessen Horowitz, as first reported by The Financial Times.
Skydio’s drones are best known for their self-flying tech, which allows the aircraft to autonomously navigate obstacles and track users on the ground. The company released its first drone in 2018, the $2500 R1, aiming the product at consumers. It followed this up with the smarter and much cheaper $999 Skydio 2 in 2019, and last year announced its first drone aimed specifically at enterprise...
Original Link: https://www.theverge.com/2021/3/1/22306876/skydio-1-billion-valuation-enterprise-military-customers-chinese-drones-grounded
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