• About
  • Terms of Use
  • Privacy & Policy
  • Cookie policy
  • “press@ustechtimes.com”.
USTechTimes, Magazine & Review WordPress Theme 2017
  • Home
  • topics
    • All
    • AgTech
    • AI
    • Analytics
    • AR/VR
    • Biotech
    • Blockchain
    • Cars / autonomous vehicles
    • Clean tech / environment
    • Cloud infrastructure
    • Cryptocurrency
    • Data services
    • Developer tools
    • E-commerce
    • Education
    • Energy tech
    • Enterprise
    • Entertainment & sports
    • Security
    PartsTech, a Boston-based car component startup, bags $35 million

    PartsTech, a Boston-based car component startup, bags $35 million

    Gradiant raises $225 million in Series D, enters the unicorn club

    Gradiant raises $225 million in Series D, enters the unicorn club

    Ohmium, a green hydrogen startup closes $250 million Series C

    Ohmium, a green hydrogen startup closes $250 million Series C

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

    Trending Tags

      • Advertising
      • AgTech
      • AI
      • Analytics
      • AR/VR
      • Biotech
      • Blockchain
      • Cars / autonomous vehicles
      • Clean tech / environment
      • Cloud infrastructure
      • Consumer health & fitness
      • Consumer products
      • Cryptocurrency
      • Data services
      • Developer tools
      • Distributed workforce
      • E-commerce
      • Education
      • Energy tech
      • Enterprise
      • Entertainment & sports
      • Fashion
      • Fintech
      • Food and beverage
      • Games
      • Gaming/eSports
      • Govtech
      • Hardware
      • Health & hospital services
      • Health IT
      • Human capital
      • Impact
      • Insurance
      • IoT
      • Local commerce
      • Lodging/hospitality
      • Logistics
      • Manufacturing
      • Marketing automation
      • Marketplaces
      • Material science
      • Media/content
      • Medical devices
      • Messaging
      • Network infrastructure
      • Parenting/families
      • Payments
      • Pharmaceuticals
      • Real estate/proptech
      • Retail
      • Robotics
      • SaaS
      • Sales and CRM
      • Security
      • SMB software
      • Social commerce
      • Social mobile
      • Space
      • Gaming/eSports
      • Travel
      • Games
    • Interview
    • Venture Capital
    No Result
    View All Result
    • Home
    • topics
      • All
      • AgTech
      • AI
      • Analytics
      • AR/VR
      • Biotech
      • Blockchain
      • Cars / autonomous vehicles
      • Clean tech / environment
      • Cloud infrastructure
      • Cryptocurrency
      • Data services
      • Developer tools
      • E-commerce
      • Education
      • Energy tech
      • Enterprise
      • Entertainment & sports
      • Security
      PartsTech, a Boston-based car component startup, bags $35 million

      PartsTech, a Boston-based car component startup, bags $35 million

      Gradiant raises $225 million in Series D, enters the unicorn club

      Gradiant raises $225 million in Series D, enters the unicorn club

      Ohmium, a green hydrogen startup closes $250 million Series C

      Ohmium, a green hydrogen startup closes $250 million Series C

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

      Trending Tags

        • Advertising
        • AgTech
        • AI
        • Analytics
        • AR/VR
        • Biotech
        • Blockchain
        • Cars / autonomous vehicles
        • Clean tech / environment
        • Cloud infrastructure
        • Consumer health & fitness
        • Consumer products
        • Cryptocurrency
        • Data services
        • Developer tools
        • Distributed workforce
        • E-commerce
        • Education
        • Energy tech
        • Enterprise
        • Entertainment & sports
        • Fashion
        • Fintech
        • Food and beverage
        • Games
        • Gaming/eSports
        • Govtech
        • Hardware
        • Health & hospital services
        • Health IT
        • Human capital
        • Impact
        • Insurance
        • IoT
        • Local commerce
        • Lodging/hospitality
        • Logistics
        • Manufacturing
        • Marketing automation
        • Marketplaces
        • Material science
        • Media/content
        • Medical devices
        • Messaging
        • Network infrastructure
        • Parenting/families
        • Payments
        • Pharmaceuticals
        • Real estate/proptech
        • Retail
        • Robotics
        • SaaS
        • Sales and CRM
        • Security
        • SMB software
        • Social commerce
        • Social mobile
        • Space
        • Gaming/eSports
        • Travel
        • Games
      • Interview
      • Venture Capital
      No Result
      View All Result
      USTechTimes - Leading Startup and Technology News in the United States
      No Result
      View All Result
      Home Gear

      Skydio valuation keeps the American drone dream soaring 

      USTechTimes Editor by USTechTimes Editor
      March 3, 2021
      Skydio valuation keeps the American drone dream soaring 

      Skydio, leads in drone manufacturing in the US.

      Share on FacebookShare on Twitter

      Skydio, a California-based, leading U.S. drone manufacturer, has raised $171 million in Series D funding led by Andreessen Horowitz’s growth fund. It has become the first US drone maker to be valued at more than $ 1billion, pitting it as the next big thing in the drone wars against China, signaling broader confidence for the American enterprise.

      China has dominated the consumer drone sector, which has forced an early exit for US companies in this sector like GoPro and 3D robotics, which abandoned consumer sales. But a recent step by the US government that placed China’s drone manufacturer DJI on the commerce blacklist, banning US companies from assisting it with parts, has opened new avenues for the US-based drone maker.

      The decision was jointly taken after the US armed forces, Pentagon, Department of the interior security grounded drones with Chinese parts over espionage fears. Though DJI still dominates the consumer sector with almost 70% of the market share, it can’t deal with US government agencies with recent sanctions in place.

      Since its inception in 2018, Skydio has been a consumer-oriented company.  It has cemented its position in the market by building the best-known self-flying tech in this segment, which allows the airborne device to autonomously navigate obstacles and track users on the ground.

      The company made its debut in the drone market in 2018, with the $2500 R1. Later in 2019, it placed itself smartly in the market by introducing the much cheaper Skydio 2 priced $ 999 aimed at expanding its influence in the consumer market. Recently it announced the X2, which is being improvised for capturing the defence and the enterprise sector.

      “The initial wave of hype around enterprise drones passed many years ago, but we’re now seeing these markets really mature. Autonomy is the key for drones to reach scale, and Skydio has established themselves as the defining company in this category. We’re excited to continue to invest in this magical combination of breakthrough technology, rapid growth, and an incredible team in a market that’s going through an inflection point,” said David Ulevitch, General Partner at Andreessen Horowitz.

      The recent infusion 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.

      Skydio has made notable progress in most market categories. Skydio 2 has been received well by the consumers and at the same time the company has made giant leaps with enterprise deal with EagleView for a residential roof inspection, to the down selection for final integration as part of the Army Short Range Reconnaissance Program, Skydio has been chosen in a myriad of deployments across companies.

      “This is an important milestone for us as a company, but also for the U.S. drone industry. Together with our customers, we’re proving that a U.S. company can lead the way in this industry through AI and autonomy. Things are already pretty exciting, but we are just scratching the surface of what autonomous drones can do,” said Adam Bry, CEO, and Co-founder of Skydio.

      Related Posts

      • Snowflake
        Cloud Data Platform Snowflake Raises $479m at $12.4bn Valuation

        Snowflake, a California-based cloud data platform, announced raising $479 million in funding that gives the…

      Tags: CaliforniaDroneSecuritySkydioUS
      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

      Related Posts

      Safeware Inc.’s Smart Wearable Airbag C3 at the Edison Awards Ceremony.
      Gear

      Edison Awards 2023: Safeware’s Smart Airbag Takes Gold in Prestigious Human Safety Category

      April 28, 2023
      Skydio bags $230 million in a Series E round led by Lins Capital
      Gear

      Skydio bags $230 million in a Series E round led by Lins Capital

      February 28, 2023
      Bug bounty stalwart HackerOne raises $49 million in series E led by GP Bullhound
      Security

      Bug bounty stalwart HackerOne raises $49 million in series E led by GP Bullhound

      February 1, 2022
      Verified identity platform Merit secures $50 million in a series B funding round
      Security

      Verified identity platform Merit secures $50 million in a series B funding round

      January 18, 2022
      Boston-Based Snyk’s Worth Doubles in Six Months with Fresh Round of Funding
      SaaS

      Boston-Based Snyk’s Worth Doubles in Six Months with Fresh Round of Funding

      September 11, 2021
      Google Pixel 6 series to fix your blurry images! But wipes out Pixel 4a 5G series ahead of launch
      Google

      Google Pixel 6 series to fix your blurry images! But wipes out Pixel 4a 5G series ahead of launch

      August 24, 2021
      No Result
      View All Result

      FREE NEWSLETTER

       

      PRODUCTS

      USTechTimes – Leading Startup and Technology News in the United States

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

      More from our network


      • ktd

      • atd

      • itd

      • ktt

      • kgd

      • kpp

      • ktp

      • kpoppost

      • ustechtimes

      Categories

      • Accelerator
      • Animation
      • Apple
      • Applications
      • Artificial Intelligence
      • Advertising
      • AgTech
      • AI
      • Analytics
      • AR/VR
      • About
      • Terms of Use
      • Privacy & Policy
      • Cookie policy
      • “press@ustechtimes.com”.

      © 2023 ustechtimes.com

      No Result
      View All Result
      • Home
      • topics
        • Advertising
        • AgTech
        • AI
        • Analytics
        • AR/VR
        • Biotech
        • Blockchain
        • Cars / autonomous vehicles
        • Clean tech / environment
        • Cloud infrastructure
        • Consumer health & fitness
        • Consumer products
        • Cryptocurrency
        • Data services
        • Developer tools
        • Distributed workforce
        • E-commerce
        • Education
        • Energy tech
        • Enterprise
        • Entertainment & sports
        • Fashion
        • Fintech
        • Food and beverage
        • Games
        • Gaming/eSports
        • Govtech
        • Hardware
        • Health & hospital services
        • Health IT
        • Human capital
        • Impact
        • Insurance
        • IoT
        • Local commerce
        • Lodging/hospitality
        • Logistics
        • Manufacturing
        • Marketing automation
        • Marketplaces
        • Material science
        • Media/content
        • Medical devices
        • Messaging
        • Network infrastructure
        • Parenting/families
        • Payments
        • Pharmaceuticals
        • Real estate/proptech
        • Retail
        • Robotics
        • SaaS
        • Sales and CRM
        • Security
        • SMB software
        • Social commerce
        • Social mobile
        • Space
        • Gaming/eSports
        • Travel
        • Games
      • Interview
      • Venture Capital

      © 2023 ustechtimes.com