Drone Startup Skydio Hits $1 Billion Valuation

Skydio, a drone startup cofounded by former MIT and Google unmanned aircraft scientists, has become the latest member of the unicorn club of $1 billion-valued businesses. It comes after a $170 million Series D round led by Andreessen Horowitz, taking the company‚Äôs total funding to $340 million. Based in Redwood City, California, Skydio has built…

Joby Aviation Reveals Its Electric Aircraft In Flight For The First Time

Joby Aviation, the electric aviation company based in Northern California, is the latest futuristic mobility company to go public via a reverse merger with a special purpose acquisition company, or SPAC. To celebrate, the company is releasing the first footage of its electric aircraft in flight. Joby, which is backed by Toyota and recently acquired…