Skydio Valuation seems to be increasing consistently on the daily basis, and today marks an important day in the US-based drone’s history. Skydio announced on 1st March that after the integration of $170m Series D funding ground, their complete valuation is now set to cross the $1 billion mark.
What does the Skydio Valuation say?
According to the statistics provided by the Skydio Valuation, they have told how they will use this new money into upgrading the product development to ensure that their company evolves in the increasing demand of innovative drone solutions.
Skydio came to the surface after the success of its crash-proof drone via its great sensors and outlook, enabling the drones to have a complete understanding of its environment. This is different to those sensors that can detect if a drone is coming towards them, but will be unable to detect if they are close to a static object i.e. tree. Better the features, the more their will be the Skydio Valuation.
Even though Skydio 1 was a hit, but the company rose to unparalleled heights after the launch of Skydio 2. Later on in the year, the company also launched Skydio X2, which is for the satisfaction of their customers.
This recent Series D funding is associated with The Horowitz Growth Fund. This fund also holds the responsibility of Series A. The Series C funding took place in July 2020, when they announced the investment of $100 million. Therefore, the overall Series funding came to $170 million.
According to the Skydio Valuation, their increase in numbers is mainly down to the fact that they prioritized autonomy more than anything else. The company is optimistic to invest in this innovative technology and drone trends which will have a significant impact on their sales.
Furthermore, the analysts are interested in looking at how the location plays a part in this. For those who don’t know, Skydio company is based at Silicon Valley. According to the Skydio Valuation, numerous drone pilots in that area are seeking the drones made in America.
The numbers of Skydio Valuation is there for everyone to see. Everyone in the drone company is optimistic how this newly invested money in their company will allow them to improve their products and satisfy the customer demands. So let’s hope that we can see a lot more from this US-based company.
What do you make of this recent news from Skydio? Do you feel that the company is making gigantic strides when it comes to getting a positive feedback from the drone customers? Feel free to let us know in the comment section below.