Skydio shuts down its consumer drone business and plans to expand its enterprise offerings, after raising a $230M Series E at a $2.2B valuation in February 2023
its consumer drones are dead X: @btd75 : No surprises here if you know anything about the drone industry. Note of caution though sales cycles in the enterprise and public sector space can be long and there is already a ton of competition. @luke_metro : the most interesting question here IMO is how much this will affect their costs of making enterprise/military drones as they can no longer piggyback off of the consumer business's economies of scale for most components Adam Lisberg / @adamlisberg : Translation: “We couldn't beat @DJIGlobal in consumer drones, so we're focused on markets where we can scare nervous customers away from DJI with false claims about cybersecurity.” Allison Barr Allen / @abarrallen : So many companies eventually become primarily B2B. @biggbaddboyy : pivoted to military industrial complex LinkedIn: Kendall Martin : This may come as a surprise for some, but we always knew that this day would come. — Our #dronetechnology was always going to be far … Bobby Sakaki : Many of us called this weeks/months ago. — Skydio was losing $$ on every consumer product - hence the refocus on #defense and #enterprise … Charles Wood : Skydio 2 - plus the easy to use software like 3d Scan and Keyframe that came bundled with it - are highlights of my work in the drone industry. …