Drone Funding

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Nov 6

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Three gray Skydio drone docks numbered 01 to 03 on a flat white rooftop under an overcast sky, with two American flags in the background

Drone Funding · DFR

Axon Puts $1.2B Into Skydio, and US Police Now Buy Only Through Axon

Axon invests $1.2 billion in Skydio for a 37% stake at a $5.2 billion valuation and becomes Skydio's only public safety channel in the US and Canada.

Haye KestelooNov 66 min read

Zipline

Zipline Nearly Died Two Years Ago. Today It's Worth $21.5 Billion

Zipline's CEO: investors called it uninvestable for ten years and the P2 nearly killed it. DroneXL holds his 'silent and safe' line against Amazon's MK30.

Haye KestelooNov 5

Zipline

Zipline Raises $1.5 Billion as Walmart Signs for 300 More Drone Sites

Zipline closed $1.5 billion at a $21.5 billion valuation and a Walmart deal for 300 more sites. Walmart's whole drone program was 66 stores in May.

Haye KestelooNov 5

Assemblers work at a row of drone build stations inside a large factory, with racks of black quadcopter frames stacked beside an American flag

DEFENSE FUNDING

Neros Gives Pentagon A Small Stake With No Vote, Then Asks Who Buys

Neros says the Pentagon gets a small stake with no vote for its $450M loan, its first motors are built, and its growth chief asks who buys the drones.

Haye KestelooNov 4

Worker in black gloves assembling a drone frame fitted with motors at a factory workbench, with other assemblers working behind him

DEFENSE FUNDING

Neros Says $450M Pentagon Loan Deal Gives Taxpayers An Ownership Stake

OSC offered Neros up to $450 million to build drones and parts in Torrance. Neros says taxpayers get an ownership stake. OSC's release doesn't mention one.

Haye KestelooNov 2

Pilot Institute

Zipline Claims 68% Less Noise, Alibaba Wins Ruling, MI Organ Flights

Zipline says its drones got quieter, Alibaba wins a ruling on a Pentagon lobbying law that also reaches DJI's lobbyists, and Michigan funds organ flights.

Greg ReverdiauOct 30

White blueflite Cobalt cargo drone on a wooden launch pad with six people standing behind it and a blue water tower in the background

Drone Delivery

Michigan Medicine Will Test Drone Organ Flights in $1.7M State Round

Michigan's $1.7M round funds 12 drone projects: blueflite organ flights for Michigan Medicine, Battle Creek police DFR, and eight Detroit pilots.

Haye KestelooOct 26

Black X-wing Seth X strike drone on a stand in a factory hall, with Ukrainian and German flags hanging behind it

Defense Tech

Airlogix Seeks $100M At $2B Valuation As Russia Bombs Its Factories

Ukraine's Airlogix is in talks to raise $100 million at over $2 billion, Forbes reports. The price rests on drone factories in Germany, Canada and the UK.

Haye KestelooOct 11

Drone Funding

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