Tag: defense
Autonomous drone maker Skydio raises $170M led by Andreessen Horowitz
Skydio has raised $170 million in a Series D funding round led by Andreessen Horowitz’s Growth Fund. That pushes it into unicorn territory, with $340 million in total funding and a post-money valuation north of $1 billion. Skydio’s fresh capital comes on the heels of its expansion last year into…
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UK to invest in AI and cyber as part of major defense spending hike
The UK has announced a massive boost in defense spending — £16.5 billion ($21.8BN) over four years, the biggest such spending bump for 30 years — in what prime minister Boris Johnson has described as a “once in a generation modernization” of the UK’s armed forces and “the end of…
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Sphero spins off a new company to make robots for police, military use
Sphero, the company behind robotic toys like the BB-8 robot and educational robotics kits, announced today that it’s spinning its public safety division into a new company, dubbed Company Six. It plans to commercialize robots and AI software for firs… Source
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