Category Archives: Business News

Drone as First Responder

Axon Invests $1.2 BN in Skydio to Build the Future of Drone as First Responder

Axon, a global leader in public safety technology, has announced an additional $1.2 billion investment in Skydio. The agreement, which will add approximately 20% to Axon’s fully diluted ownership in Skydio at a $5.2 billion pre-money valuation, builds on a partnership that is already bringing Skydio drones to public safety agencies across the U.S., marking a major expansion of Axon’s Drone as First Responder (DFR) program.

Echodyne

Shield to Acquire Echodyne in $5.3 BN Deal

Shield has announced that it has entered into a definitive agreement to acquire Echodyne Corp., an industry-leading radar company, in a transaction valued at $5.3 billion. Echodyne radars are built into hundreds of counter-drone and security systems used by defence, government and commercial customers in more than 40 countries. Both companies expect triple-digit revenue growth this fiscal year. Continue reading →