CONNECT WITH US
Robotics

Robotics

Axon invests $1.2B into Skydio and becomes its U.S. public safety distributor

The Robot Report logo

Published on

Add as a preferred source on Google
Axon invests $1.2B into Skydio and becomes its U.S. public safety distributor

The X10 drone features high-resolution visual and radiometric cameras in modular sensor packages. | Source: Skydio

Axon Enterprise Inc. last week said it has invested $1.2 billion in Skydio Inc., a San Mateo, Calif.-based drone manufacturer. With the investment, Axon gains 20% ownership of Skydio, which is valued at $5.2 billion.

Axon will also become Skydio’s exclusive distributor for public safety in the U.S. and Canada. The companies said they are partnering to bring Skydio drones to public safety agencies across the U.S. Axon is also expanding its Drone as First Responder (DFR) program.

“Within a decade, millions of drones will be working across America. Skydio is positioned to lead in every sector they touch,” stated Rick Smith, the founder and CEO of Axon. “Axon is taking a major stake in one of the most valuable categories in tech, and Skydio stays free to move fast. With exclusive channel rights, Axon will widen its lead in public safety drones as Skydio builds the future of American aerial robotics. Two companies, each the best at what it does, will build something far bigger than either could alone.”

Skydio said it serves more than 1,500 public safety customers. Now, more than 28 million Americans live within two miles of a DFR dock. Founded in 2014, the company claimed that it uses AI-backed autonomy to create drones that are easier to operate, safer to fly, and more capable in complex environments.

-based Axon . Drones arrive before officers on about 80% of the calls where they are deployed.


Source link
Related Topics:Robotics

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.