Skydio Revenue, Valuation, Funding & Investors
Skydio is valued at $4.4B as of April 2026.
Last Skydio valuation
$4.4B
Series F · Apr 2026
Last Skydio funding round
$110M
Series F · Apr 2026
Skydio revenue
$180M
Series E · Nov 2024
Key investors in Skydio
Andreessen Horowitz
IVP
Accel
N47
Linse Capital
Playground Global
About Skydio
Skydio is a Redwood City, California-headquartered manufacturer of autonomous drones since 2014. It equips drones with AI-driven computer vision for obstacle avoidance and target tracking, serving enterprise, public safety, and defense sectors. Products include the Skydio X10 with thermal imaging, 64x zoom, and modular payloads for inspections and mapping. The Skydio 2+ offers 4K HDR video and 40-minute flight time. Skydio holds NDAA compliance for U.S. government contracts and partners with NVIDIA for GPU acceleration.
Founded
2014
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Product sales
Revenue
$180M (Nov 2024)
Valuation
$4.4B (Apr 2026)
Skydio Valuation
Skydio is currently valued at $4.4B, based on its Series F in April 2026.
Skydio's valuation has grown 4.4x from $1B at its Series D in February 2021 to $4.4B in April 2026, across 4 priced rounds.
Skydio valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2026 | Series F | $4.4B | - |
| Nov 2024 | Series E | $2.2B | 12.2x |
| Feb 2023 | Series E | $2.2B | 12.2x |
| Feb 2021 | Series D | $1B | - |
Skydio Revenue
Skydio's latest recorded revenue is $180M, as of its Series E in November 2024. At a $2.2B valuation, that implies a 12.2x revenue multiple.
Revenue moved from $180M in February 2023 to $180M in November 2024, while the revenue multiple moved from 12.2x to 12.2x.
Skydio revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2024 | $180M | $2.2B | 12.2x | Series E |
| Feb 2023 | $180M | $2.2B | 12.2x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Skydio Funding History
Skydio has raised a total of $850M across 8 funding rounds.
Skydio's first fundraising round was a $3M seed round in January 2015. The most recent completed round was a $110M Series F in April 2026.
Skydio funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2026 | Series F | - | $110M | $4.4B | Skydio raised $110 million in Series F financing led by existing investors, achieving a post-money valuation of $4.4 billion. The round follows a $170 million Series E extension in November 2024 that valued the company at $2.5 billion and brings total funding to approximately $951 million. The financing supports a $3.5 billion investment commitment over the next five years in U.S. manufacturing expansion via the SkyForge program, R&D acceleration, and supply chain strengthening. Proceeds will scale production to triple output in 2026, meeting demand from public safety, defense, critical infrastructure, and site security sectors. This follows a $52 million U.S. Army contract for 2,500 X10D small UAS units. CEO Adam Bry noted decreasing capital needs amid strong revenue growth. Skydio, the largest U.S.-based drone manufacturer and leader in autonomous flying robots, operates from San Mateo, California. The company has outgrown four manufacturing facilities in eight years and plans a fifth, five times larger than the current one. The expansion is projected to create over 2,000 direct jobs and more than 3,000 supply chain roles, directing over $1 billion to domestic suppliers. |
| Nov 2024 | Series E | Linse Capital (lead); KDDI; AXON | $170M | $2.2B | Skydio, a U.S.-based leader in AI-powered autonomous drones for enterprise, defense, and public safety applications, raised a $170 million Series E extension round in November 2024. The round was led by Linse Capital, with participation from new strategic investors Axon and KDDI, alongside existing backers. This extension followed the company's $230 million Series E in February 2023, bringing total funding to approximately $740 million according to some sources or higher per others. The November 2024 round maintained Skydio's post-money valuation at $2.2 billion, the same as the 2023 Series E, despite business growth including doubled performance as noted by Linse Capital. Linse Capital, holding over 21% ownership, emphasized the opportunity amid booming defense tech funding and lack of North American competition. Funds aim to leverage partnerships, expand deployment in markets like Japan via KDDI, and support aggressive product development. Skydio reported projected 2024 revenue of $180 million, up 80% from over $100 million in 2023, driven by enterprise and government demand amid restrictions on Chinese competitors like DJI. The company has over 1,200 enterprise customers, $1.2 billion in bookings, and operates U.S. manufacturing in Hayward, CA, planning to add 150 jobs. Linse Capital's pitch deck projected $180 million revenue for 2024 despite market shifts. Skydio's traction includes 30x growth in recent years, positioning it as the largest U.S. drone manufacturer. Strategic investors like NVIDIA provide technical partnerships, while Axon aids public safety go-to-market. The company anticipates significant cash burn through 2029 to accelerate product launches, with total funding enabling scaled operations from its San Mateo headquarters. |
| Feb 2023 | Series E | Linse Capital (lead); NVIDIA; IVP; N47; Hercules Capital; UP Partners; Andreessen Horowitz; AXON; DoCoMo Capital | $230M | $2.2B | Skydio is an AI-powered drone manufacturer founded in 2014 and headquartered in San Mateo, California. The company designs, assembles, and supports autonomous drones used by consumers, enterprises, and government customers, with a core competitive advantage in autonomous flight and collision avoidance technology. The company's product portfolio includes consumer and enterprise drones such as the Skydio X2, designed for public sector use with features including 35-minute flight time, ruggedized frame, thermal vision for night operations, and advanced autonomous capabilities including a docking station for operator-free flights. Skydio announced a $230 million Series E round in February 2023 at a post-money valuation of $2.2 billion, more than double its valuation from two years prior. The Series E was led by Linse Capital and included participation from existing investors Andreessen Horowitz, Next47, IVP, DoCoMo, Nvidia, the Walton Family Foundation, and UP.Partners, alongside new investors Hercules Capital and Axon. As of the Series E announcement, Skydio had amassed over 1,200 customers across the public and private sectors, including every branch of the U.S. Department of Defense, over half of all U.S. State Departments of Transportation, more than 200 public safety agencies in 47 states, and over 60 energy utilities. The company reported 30x growth over the three prior years and was the largest drone manufacturer in the United States. Skydio used Series E proceeds to expand U.S. manufacturing capacity by 10x with new facilities in Hayward, California totaling over 36,000 square feet, and to hire over 150 additional manufacturing and support personnel. The company had increased overall headcount by 40% and launched new automated drone systems and FAA waiver services to support enterprise customer expansion into advanced operations. |
| Feb 2021 | Series D | Andreessen Horowitz (lead); IVP; N47; Linse Capital; UP Partners; NaHCO3 | $170M | $1B | Skydio is an autonomous drone manufacturer founded in 2014 that produces hardware for enterprise, defense, and government markets. The company operates a hybrid business model selling drones at $20,000-$30,000 per unit alongside software subscriptions generating recurring revenue. In February 2021, Skydio raised $170 million in Series D funding led by Andreessen Horowitz, bringing total funding to $340 million and achieving a post-money valuation exceeding $1 billion (unicorn status). The company subsequently raised $230 million in Series E in February 2023 at a $2.2 billion valuation. By 2024, Skydio generated $180 million in revenue, representing 80% year-over-year growth from $100 million in 2023, driven by expansion into defense and government markets as regulatory pressure against Chinese manufacturer DJI created opportunities for domestic alternatives. Skydio maintains a 38% gross margin with software subscriptions representing 30% of revenue as of 2023, and has built a substantial pipeline of $1.2 billion in bookings with over 50% from defense contracts. |
| Jul 2020 | Series C | N47 (lead); IVP; Andreessen Horowitz; Playground Global; Levitate Capital; NTT DOCOMO Ventures | $100M | - | Skydio, a U.S.-based drone manufacturer headquartered in Redwood City, California, specializes in autonomous flight technology using artificial intelligence for navigation, obstacle avoidance, and object tracking. The company designs, assembles, and supports its products domestically to ensure supply chain security. On July 13, 2020, Skydio raised $100 million in a Series C funding round led by Next47 (also referred to as N47), with participation from new investors Levitate Capital and NTT DOCOMO Ventures, alongside existing investors Andreessen Horowitz, IVP, and Playground Global. This brought the company's total funding to $170 million since its founding in 2014. The funding supported acceleration of product development and expansion into enterprise and public sector markets, building on the consumer success of the Skydio 2 drone. Concurrently, Skydio launched the X2 family of drones tailored for commercial applications, shifting focus from high-end consumer products like the 2018 Skydio R1 ($2,499) and Skydio 2 (sub-$1,000) toward lucrative enterprise hardware and software solutions. Investors highlighted Skydio's superior autonomy stack, integrating software innovation with hardware for fully autonomous capabilities. Skydio serves customers in consumer, enterprise, and government sectors, positioning itself against competitors like DJI amid growing demand for U.S.-made drones. The drone services market was projected to reach $63.6 billion by 2025, with Skydio emphasizing commercial revenues and top-down buying trends. |
| Feb 2018 | Series B | IVP (lead); Playground Global (lead); Parcel B; Thirty Five Ventures; Andreessen Horowitz; Accel | $42M | - | Skydio is an autonomous drone manufacturer founded in 2014, headquartered in San Mateo, California. The company developed the Skydio Autonomy Engine, proprietary technology enabling fully autonomous flight capabilities. Its flagship consumer product, the R1 launched in 2018, was an autonomous flying camera capable of recording 4K footage through 13 cameras while tracking subjects and avoiding obstacles without human intervention. The company raised $42 million in a Series B round in February 2018, led by Playground Global and IVP, with participation from Accel, Andreessen Horowitz, and NVIDIA. This Series B brought total funding to $70 million at that time. Skydio subsequently expanded into enterprise and government markets, launching the X2 commercial drone in July 2020 and winning the U.S. Army's Short Range Reconnaissance Program. By 2023, the company had raised $562 million across five rounds and achieved a $2.2 billion valuation in its Series E. As of 2024, Skydio generated $180 million in annual revenue, representing 80% year-over-year growth, with software subscriptions comprising 30% of revenue and the company maintaining a 38% gross margin. The company serves all branches of the Department of Defense, over 200 public safety agencies, and more than half of state departments of transportation. |
| Jan 2016 | Series A | Andreessen Horowitz (lead); Matt Bellamy; Accel; CAA Ventures | $25M | - | Skydio is an autonomous drone manufacturer founded in 2014 that specializes in enterprise and government markets. The company pivoted from consumer drones to focus on defense, public safety, and infrastructure inspection applications after discontinuing its consumer product line in 2023. Skydio generated $180 million in revenue in 2024, up 80% from over $100 million in 2023, with approximately 30% derived from software subscriptions and services. The company maintains a 38% gross margin and has built a substantial pipeline of $1.2 billion in bookings, with over 50% from defense contracts. Skydio serves every branch of the Department of Defense, over 200 public safety agencies, and more than half of state departments of transportation. Most recent funding activity includes a $230 million Series E round in February 2023 at a $2.2 billion post-money valuation led by Linse Capital, followed by a $170 million extension round in November 2024. |
| Jan 2015 | Seed | Andreessen Horowitz (lead); Buddy Arnheim; Accel | $3M | - | Skydio is an autonomous drone system company that manufactures drones for inspections, surveillance, and public safety operations. The company raised a $3 million Seed round in January 2015 from investors including Accel, Andreessen Horowitz, and Buddy Arnheim. The company subsequently grew significantly, raising multiple later rounds (Series A through Series F) and developing a hybrid hardware-software business model serving defense, government, public safety, and infrastructure inspection markets. |
Who has invested in Skydio?
20 investors have backed Skydio across its funding rounds, including Andreessen Horowitz, IVP, Accel, N47, Linse Capital and Playground Global.
Lead investors include Linse Capital, Andreessen Horowitz, N47, IVP and Playground Global.
Skydio Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 6 | Lead | Jan 2015 | |
| San Francisco, CA | 4 | Lead | Feb 2018 | |
| San Francisco, CA | 3 | Lead | Jul 2020 | |
| San Francisco, CA | 3 | Lead | Feb 2021 | |
| Palo Alto, CA | 3 | Participant | Jan 2015 | |
| Los Angeles, CA | 2 | Participant | Feb 2021 | |
| San Francisco, CA | 2 | Lead | Feb 2018 | |
 Nanjing | 2 | Participant | Feb 2023 | |
| San Jose, CA | 1 | Participant | Feb 2023 | |
| San Francisco, CA | 1 | Participant | Feb 2018 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Buddy Arnheim | San Francisco, CA | 1 | Participant | Jan 2015 |
| New York City, NY | 1 | Participant | Feb 2018 | |
| Matt Bellamy |  Cambridge | 1 | Participant | Jan 2016 |
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Start Free TrialSkydio Competitors
Skydio competitors include listed companies like UBtech Robotics and Infleqtion, and private ones like Didi Woya, Momenta, Waabi and Mach Industries.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| China | Publicly listed | $298M | ($108M) | $5.1B | 9.5x | |
| Beijing | Private | - | - | $5B | - | |
| Beijing | Private | $76M | - | $5B | - | |
 Canada | Private | - | - | $3.8B | - | |
| Los Angeles, CA | Private | - | - | $3.7B | - | |
| United States | Publicly listed | $29M | ($52M) | $3.1B | 64.5x |
Skydio Public Comps
Skydio is still privately-owned, but its public comps include Ondas, Momenta Global, UBtech Robotics, Infleqtion, Symbotic, Space42, Mobileye, ROKAE Robotics, Eacon Group and Cidi.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $51M | ($127M) | 57.8x | 7.4x | (23.0x) | (31.0x) | |||
| $360M | ($502M) | 10.5x | - | (7.5x) | - | |||
| $298M | ($108M) | 16.6x | 9.5x | (45.7x) | (108.4x) | |||
| $29M | ($52M) | 92.3x | 64.5x | (50.9x) | (60.0x) | |||
| $2.2B | ($35M) | 2.0x | 1.6x | (128.5x) | 13.3x | |||
| $577M | $88M | 3.7x | 3.4x | 24.1x | 8.7x | |||
| $1.9B | $140M | 2.8x | 2.7x | 38.5x | 12.3x | |||
| $78M | ($7M) | 20.7x | - | (221.3x) | - | |||
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Common questions about Skydio
| When was Skydio founded? | Skydio was founded in 2014. |
| Where is Skydio headquartered? | Skydio is headquartered in San Francisco, CA, United States. |
| Is Skydio publicly listed? | No, Skydio is a private, VC-backed company. |
| What is Skydio's valuation? | Skydio was last valued at $4.4B in its Series F in April 2026. |
| How much funding has Skydio raised? | Skydio has raised $850M across 8 funding rounds. |
| What was Skydio's last funding round? | Skydio's last funding round was a $110M Series F in April 2026. |
| Who are Skydio's investors? | Skydio's investors include Andreessen Horowitz, IVP, N47, Linse Capital, Accel, UP Partners, Playground Global, AXON, NVIDIA, Parcel B and 10 others. |
| What is Skydio's revenue? | Skydio's latest recorded revenue is $180M (November 2024). |
| What is Skydio's revenue multiple? | Skydio's latest valuation implies a 12.2x revenue multiple ($2.2B valuation on $180M of revenue). |
| Which companies are comparable to Skydio? | Companies comparable to Skydio include UBtech Robotics, Didi Woya, Momenta, Waabi, Mach Industries and Infleqtion. |
See companies similar to Skydio
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