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

Axon has announced an additional $1.2 billion investment in Skydio, increasing Axon's ownership to approximately 20% at a $5.2 billion pre-money valuation. As part of the expanded partnership, Axon will become Skydio's exclusive distributor for public safety in the U.S. and Canada, bolstering the Drone as First Responder program. The transactions are expected to close between the fourth quarter of 2026 and the first quarter of 2027. Open article →