The world of technology is constantly evolving and innovating, and two companies are leading the charge with their recent funding rounds. Wiz and Skydio have recently secured a combined total of $530 million in funding, which will be used to further their respective areas of expertise.
Wiz, a startup focused on artificial intelligence (AI) and machine learning, has raised $300 million in a Series C funding round. The funding was led by Softbank, with participation from existing investors including Sequoia Capital, Accel, and Y Combinator. This brings Wiz’s total funding to date to $450 million. Wiz plans to use the funds to expand its AI-powered platform, which helps businesses automate mundane tasks and make better decisions.
Skydio, a drone technology company, has raised $230 million in a Series D funding round. The round was led by Andreessen Horowitz, with participation from existing investors including Accel, Playground Global, and CRV. This brings Skydio’s total funding to date to $400 million. Skydio plans to use the funds to continue developing its autonomous drone technology, which enables drones to fly safely and autonomously without human intervention.
The funding rounds for Wiz and Skydio demonstrate the continued growth of the technology industry and the potential of AI and drone technology. With the additional funding, both companies are well-positioned to continue innovating and pushing the boundaries of what is possible. It will be exciting to see what they come up with next.
Source: Plato Data Intelligence: PlatoAiStream