Axon Invests $1.2 Billion in Skydio to Enhance Public Safety Drone Operations
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- Dronedj.com
Axon has announced a significant $1.2 billion investment in Skydio, enhancing its role as the exclusive distributor of Skydio drones for public safety in the US and Canada. This partnership aims to leverage autonomous drones to improve emergency response times and situational awareness for law enforcement agencies.
The investment will increase Axon's ownership in Skydio by approximately 20%, based on a pre-money valuation of $5.2 billion. With over 1,500 public safety customers already utilizing Skydio technology, the partnership is positioned to capitalize on the growing Drone as First Responder (DFR) market, which Axon estimates to be worth around $13 billion in North America.
Skydio expects to achieve approximately $1 billion in total bookings during its current fiscal year. The collaboration between Axon and Skydio aims to integrate aerial intelligence into public safety operations, with a focus on enhancing response capabilities and operational efficiency for law enforcement agencies.
Original report
Skydio’s public safety drone business just got a $1.2 billion boost
Dronedj.com · Ishveena SinghThis briefing is an independently written summary based on publicly available reporting and is provided for industry information and news discovery. The original report and source publication are credited and linked where applicable. RobotToday does not claim ownership of third-party source material.
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