Drone manufacturer Skydio raises $170 million extension round

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TechCrunch 11h ago

Drone manufacturer Skydio raises $170 million extension round - TechCrunch

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But Janmaat told TechCrunch believes donating police tech is a smart approach, assuming the technology is worthy of police use.“At the end of the day, these police departments, they’re not getting crappy technologies shoved down their throat,” he said.“They’re getting incredible technology at their fingertips sooner than they might otherwise.

Skydio’s future is very much still dependent on hardware releases, as well as convincing law enforcement and utility companies to purchase Skydio drones over competitors like Brinc and Chinese drone manufacturer DJI.

Skydio also reported a 38.1 percent gross margin in 2023, “driven by favorable mix shift towards software revenue and economies of scale in production costs,” according to the deck.