Zebra Technology, a San Francisco-based startup that designs and sells sensor-equipped drones, announced today that it has raised $1.2 billion in a $4.9 billion round led by Sequoia Capital and the Andreessen Horowitz venture capital firm.
Zebra is looking to raise an additional $3 billion in funding to become the largest drone maker in the world.
Zebra CEO and co-founder Mark Hirschmann said the company will be focused on expanding its drone manufacturing capabilities in the US.
The company is also looking to bring more drone products to market in Europe.
The company was founded in 2014 and is headquartered in San Francisco.
The firm’s mission is to enable drone users to make, fly, and capture remote-controlled aircraft.
The Zebra drones can be used by hobbyists, businesses, and governments.
Zeleb’s drones have already been used to help in disaster relief efforts in places like Haiti, the US Virgin Islands, and Afghanistan.
The San Francisco startup was founded by Mark Horsley and Daniel Schulz and their company has been working on drones since 2013.
Horsleys father, Peter, was a drone pilot, and his uncle, Mark, was also an aircraft pilot.
The Horslers are hoping to build a strong partnership with a company like Zebra that can provide a platform to launch their products and expand into new markets.
Zeleb has received significant investment from Andreessen and Sequoias Venture Capital firms, including Sequoian Capital, Andreessen Capital, and Sequos Advisors.