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

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

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. …

Drone-focused construction start-up TraceAir raises $3.5 M

Drone-focused construction start-up TraceAir raises $3.5 M

Bay Area-based construction start-up TraceAir today revealed a $3.5 million Series A. Led by London-based XTX Ventures, this round brings the company’s total funding approximately $7 million. The raise consists of existing investor City VC, together with new additions Liquid 2 Ventures, GEM Capital, GPS Ventures and Andrew Filev. We initially kept in mind the company back […] Last February, TraceAir announced a brand-new drone management tool. …

Autonomous drone startup Skydio increases $100 million and introduces the X2 industrial drone

Autonomous drone startup Skydio increases $100 million and introduces the X2 industrial drone

Skydio has raised a$ 100 million Series C funding round, which was led by Next47 and includes participation from other new financiers Levitate Capital and NTT DOCOMO Ventures, in addition to existing financiers A16Z, IVP and Playground. This brand-new financing will help the drone maker move faster on its product development efforts, and broaden its […]
To serve the market, Skydio likewise introduced the X2 household of drone hardware today, which is developed for business usage. Skydio’s new X2 drone platform is developed for enterprise usage, and will deliver in Q4 of this year according to the business. There’s likewise a Skydio Enterprise Controller for the drone, which has a touchscreen, hardware controls, and a protective hood to obstruct glare….

Autonomous air travel start-up Xwing raises $10M to scale its software application for pilotless flights

Autonomous air travel start-up Xwing raises $10M to scale its software application for pilotless flights

Self-governing aviation start-up Xwing secured a $10 million funding round before COVID-19 hit. Now the San Francisco-based startup is utilizing the capital to employ talent and scale the advancement of its software application stack as it aims for business operations later this year– pending FAA approvals. The business revealed Wednesday its Series A funding […] Autonomous air travel startup Xwing raises $10M to scale its software for pilotless flights …