Axon invests 1.2 billion in drone maker Skydio
The Robot Report: 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 pu
Axon Enterprise has invested $1.2 billion in Skydio, a drone manufacturer, gaining 20% ownership of the company valued at $5.2 billion. As part of the deal, Axon becomes Skydio's exclusive distributor for public safety in the U.S. and Canada and will expand its Drone as First Responder program. The partnership matters because Skydio already serves more than 1,500 public safety customers, and agencies using Skydio drones have reduced priority response times by as much as 65% with drones arriving before officers on about 80% of calls where deployed. The companies estimate the total addressable market for this service at approximately $13 billion in the U.S. and Canada, with Skydio expecting about $1 billion in total bookings in its current fiscal year.
One short email a day with the stories that matter. Free. Unsubscribe with one click.
Want to go deeper than the news? Explore live, cohort-based AI courses taught by practitioners.
Browse AI courses on Maven
Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
The company could end up being worth a hefty $1.404 trillion if its shares list at the top of the price range, on a fully diluted basis.
Also reported by SiliconANGLE
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation
Despite the tech selloff, Anthropic is pressing ahead with its IPO at a valuation of $1.25 to $1.75 trillion, well below the hoped-for $2 trillion. The Claude developer aims to raise $80 to $100 billion before Thanksgiving. Rival OpenAI has also recently had to cut its valuation. The article Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation appeared first on The Decoder.
Also reported by TechCrunch and The Verge
Taiwan’s chipmaking giant TSMC to invest $1B in Anthropic, OpenAI
Top chip manufacturer TSMC is ready to invest $1 billion in Anthropic and OpenAI. That would give the Taiwanese chipmaker direct stakes in leading AI developers, even as its own contract chipmaking business has profited enormously from the AI data center buildout. The chipmaker’s board approved plans to invest up to $500 million in OpenAI preferred stock reserved for large investors and another $500 million to purchase Anthropic common shares at the latter’s expected IPO price, according to Reut
OpenAI lands an $11 billion funding round, but has to court dentists for more capital
OpenAI has secured $11 billion in fresh capital, the first tranche of a round that values the company at $1.25 trillion. The full round could swell to $20 billion. That OpenAI is already turning to wealthy private investors hints at a saturating AI capital market and growing investor caution. The article OpenAI lands an $11 billion funding round, but has to court dentists for more capital appeared first on The Decoder.
Hatz AI raises $24M to help small businesses go AI-native through their MSPs
Large enterprises have emerged as the foremost adopters of artificial intelligence technology, and it’s giving them an unfair advantage over their smaller competitors. Looking to change that is a startup called Hatz AI Inc., which has just raised $24 million in early-stage funding to empower managed services providers with the tools they need to keep […] The post Hatz AI raises $24M to help small businesses go AI-native through their MSPs appeared first on SiliconANGLE.
Anthropic Seeks Record $88.5B Tied To Public Market Debut
Anthropic is seeking to secure up to $88.5 billion in its planned IPO and a concurrent private placement, potentially making it the largest-ever fundraise tied to a public market debut. On Tuesday, the AI giant submitted an updated S-1 filing for its upcoming public offering, unveiling new details including a proposed share price range offering size. The offering could set a fully diluted valuation of up to $1.4 trillion for the San Francisco company. Anthropic’s expected valuation comes in belo