Skydio Raises $100 Million and Launches X2 Commercial Drone

Skydio, a drone company formed in 2014, has recently raised $100 million in support of its expansion into the commercial enterprise drone sector. Skydio has a number of patents and patent applications, including smart navigation and flight control, that have applications for 5G and infrastructure inspection and maintenance that make it a highly attractive option for utilities and other industries. The use of drones for inspection and maintenance allows for increased efficiencies to meet the demands of the 5G revolution.  Since inception, Skydio has raised $170 million in funding and is positioning itself to be a player in the future with this expansion into the commercial enterprise market.