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Self-governing drone maker Skydio raises $170M led by Andreessen Horowitz

Self-governing drone maker Skydio raises $170M led by Andreessen Horowitz

by | Mar 1, 2021 | Startups

Skydio has actually raised $170 million in a Series D funding round led by Andreessen Horowitz’s Development Fund. That pushes it into unicorn territory, with $340 million in total funding and a post-money assessment north of $1 billion. Skydio’s fresh capital begins the heels of its expansion in 2015 into the enterprise market, and it […] Skydio’s launching drone, the R1, received a lot of accolades and praise for its autonomous abilities. Late last year, Skydio brought on extra senior skill to assist it attend to business and government customers, including a software application advancement lead who had experience at Tesla and 3D printing business Carbon. The applications of Skydio’s innovation for industrial, public sector and enterprise companies are many and varied. …

DroneBase captures $7.5 million in a small down round to double down on its operate in renewable energy

DroneBase captures $7.5 million in a small down round to double down on its operate in renewable energy

by | Jun 18, 2020 | Startups

DroneBase, a Los Angeles-based provider of drone pilots for commercial services companies, has raised $7.5 million throughout the pandemic to double down on its work with renewable energy business. While president Dan Burton acknowledged that the business was fundraising prior to the pandemic, the industrial lockdown really accelerated need for the company’s services. Even […] Even with the increased need, the company had to make some changes.”DroneBase’s expansion into sustainable energy shows our belief in the development potential of wind and solar energy markets,” stated Burton in a statement. …