Startups
Drone Startup Raises $230 Million to Expand US Factory 10-Fold
Autonomous drone company Skydio is now valued at $2.2 billion.
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Skydio Inc. is known for selling drones to tech heads seeking expensive selfies — but the US company also has hundreds of customers in government and business and intends to expand those offerings after a new fundraising.
On Monday, the autonomous drone manufacturer plans to announce it has raised $230 million. The financing deal gives Skydio a $2.2 billion valuation and reflects growing interest among private investors in backing defense-related technology, a trend that intensified following Russia’s invasion of Ukraine.