This week saw some of the biggest funding rounds in recent memory, with Wiz and Skydio leading the pack. Wiz, a cloud-based software provider, raised $300 million in a Series D funding round, while Skydio, a drone-maker, secured $230 million in a Series C funding round.
Wiz’s funding round was led by SoftBank and included participation from existing investors including General Catalyst, Sequoia Capital, and Accel. The company plans to use the funds to expand its global presence and accelerate its product development. Wiz provides cloud-based software solutions for businesses, helping them to automate their operations and improve their customer experience.
Skydio’s Series C funding round was led by Andreessen Horowitz and included participation from existing investors including Next47, Playground Global, and CRV. The company plans to use the funds to expand its product portfolio and accelerate its growth. Skydio is best known for its autonomous drones, which are designed to fly autonomously and capture high-quality video footage.
The two funding rounds were among the top 10 of the week, with other notable rounds including a $200 million Series A round for electric vehicle maker Lucid Motors and a $150 million Series B round for online education platform Coursera. The rounds demonstrate the continued strength of the venture capital market and the increasing interest in innovative technologies such as autonomous drones and electric vehicles.
Overall, Wiz and Skydio’s funding rounds are indicative of the growing investment in cloud-based software and autonomous drones. With the funds raised, both companies are well-positioned to continue their growth and further develop their products. It will be interesting to see how these two companies continue to shape the future of their respective industries.
Source: Plato Data Intelligence: PlatoAiStream