U.S. Autonomous Drone Maker Skydio Announces $170 Million In Series D Funding Led by Andreessen Horowitz’s Growth Fund
– Skydio raised $170m in Series D funding led by Andreessen Horowitz’s Growth Fund.
– This brings total funding raised to over $340m with a current valuation of over $1bn.
– Andreessen Horowitz, which also led the Series A, is joined in this round by existing investors Linse Capital, Next47, and IVP, along with new investor UP.Partners.
– With the additional capital raised, Skydio will further accelerate product development and global sales expansion to support the rapidly growing demand for its autonomous drone solutions.
– Skydio has been chosen in a myriad of deployments across construction companies, departments of transportation, energy utilities, and police departments.
– Japanese space startup Gitai has raised a $17.1m funding round.
– The round was led by SPARX Innovation for the Future Co. Ltd, and includes funding form DcI Venture Growth Fund, the Dai-ichi Life Insurance Company, and EP-GB (Epson’s venture investment arm).
Unicorn Nest news
– Subaio is an Aalborg and Copenhagen, Denmark-based subscription management company.
– The company raised €4m in Series A funding.
– The round was led by Global Paytech Ventures (GPT), which was founded by Javier Perez, who recently stepped down from Mastercard.
– The new investment will be used to expand into new European markets and develop new features to its software solution.
Unicorn Nest news
– Shield AI from San Diego develops self-driving software to enable unmanned systems to operate without GPS and communications.
– The company raised $90M in Series C funding.
– Point72 Ventures led the round.
– The company intends to use the funds to scale and further integrate its self-driving software, Hivemind, into additional platforms across the Defense industry.
– Emeryville, California-based industrial robotics startup Symbio Robotics today emerged from stealth with $30 million in funding.
– The company says the capital will be put toward further developing its technology as it looks to sign new customers.
– McKinsey pegs the automation potential for production occupations at 79%, and the pandemic is likely to accelerate this shift.
– A report by the Manufacturing Institute and Deloitte found that 4.6 million manufacturing jobs will need to be filled over the next decade, and challenges brought on by physical distancing measures and a sustained uptick in ecommerce activity have stretched some logistics operations to the limit.
– Symbio, which was founded in 2014, claims its software can help by allowing factory-floor robots to “learn” what to accomplish.
– Locus Robotics, a Wilmington, Massachusetts-based warehouse robotics startup, today announced it has raised $150 million in series E funding at a $1 billion post-money valuation.
– The company says the funding will allow it to accelerate product innovation and global expansion.
– Locus expects that in the next four years, over a million warehouse robots will be installed and that the number of warehouses using them will grow tenfold.
– Worker shortages attributable to the pandemic have accelerated the adoption of automation.
– According to ABI Research, more than 4 million commercial robots will be installed in over 50,000 warehouses around the world by 2025, up from under 4,000 warehouses as of 2018.
– MedLumics, a privately held medical device company developing AblaView®, the first optically-guided real-time ablation catheter system for the treatment of Atrial Fibrillation (AF), announced today that it has closed an upsized EUR 18 million (USD 21.7 million) financing round.
– MedLumics’ optical catheter displays lesion creation in real-time providing the physician with direct visual confirmation of conduction tissue denaturation.
– This round was led by Asabys Partners, along with new investors, VI Partners Swiss Innovation and CDTI Innvierte Economía, and existing investors Andera Partners, Caixa Capital Risc and Innogest Capital II.
– MedLumics is now ready to initiate first in-human regulatory clinical studies and automate scalable product manufacturing.
Unicorn Nest news
– Ai Build from London provides a cloud platform to automate Additive Manufacturing process.
– Company raised $1m in funding.
– The round was led by SuperSeed, with participation from William Tunstall-Pedoe.
– The new investment will be used to accelerate commercialization of the technology to bring it to many more global tier 1 manufacturers in the aerospace and automotive sectors.
– The company has recently signed partnerships with machine manufacturers including Kuka and Weber Additive to make AiSync the default Operating System for large-scale industrial 3D printing.