From Dealroom · · 30s
Axon Invests $1.2B in Skydio
Axon's $1.2 billion investment pushes Skydio to $5.2 billion valuation.
In brief
Axon's $1.2 billion investment pushes Skydio to $5.2 billion valuation. Axon invested $1.2 billion in Skydio, valuing the drone company at $5.2 billion pre-money. Originally reported by Dealroom.
Investment Details
Axon invested $1.2 billion in Skydio, a late-stage round that values the company at $5.2 billion pre-money.
Skydio's Role
Skydio builds autonomous drones for 'drone as first responder' programs, serving over 1,500 public safety customers.
Strategic Impact
The deal makes Axon Skydio's exclusive public-safety distributor across the US and Canada, targeting $13 billion DFR market.
The takeaway
Axon invested $1.2 billion in Skydio, valuing the drone company at $5.2 billion pre-money.
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