xCraft, founded by JD Claridge and Charles Manning, appeared on Shark Tank in 2015, securing a $1.5 million investment from all five sharks for 25% equity. Known for its innovative hybrid drones, the company gained significant attention, raising over $1 million through crowdfunding.
As of 2024, xCraft is valued at approximately $34 million. The business continues to develop advanced drone technology for both consumer and defense markets, including partnerships with major organizations.
Despite facing some challenges in scaling production, xCraft remains active and committed to advancing drone technology.
xCraft Drones Net Worth
| Estimated Net worth | $34 million (2024) |
| Annual Sales Revenue | $3 million (2024) |
| Lifetime sales | Not publicly available |
| Investors | Kevin O’Leary, Mark Cuban, Lori Greiner, Daymond John, and Robert Herjavec |
| Founder | JD Claridge |
| Employees | Not publicly available |
xCraft Drones Pitch on Shark Tank
| Company name | xCraft Drones |
| Product | Customized unmanned aerial systems – drones |
| Episode | Season 7 Episode 5 |
| Founders | JD Claridge |
| Asked for | $500,000 for 20% Equity |
| Final deal | $1.5 million for 25% Equity |
| Sharks | Kevin O’Leary, Mark Cuban, Lori Greiner, Daymond John, and Robert Herjavec |
| Location | Coeur D Alene, Idaho, United States |
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xCraft Drones Founder
xCraft Drones was founded by JD Claridge in 2014. JD Claridge is the CEO and President of xCraft Drones. He has a passion for flight and innovation. And he has been building and flying drones since he was a child. Claridge is also a licensed pilot and a graduate of the Embry-Riddle Aeronautical University. XCraft Drones’s founder, JD Claridge, has an approximate net worth of $34 million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2015 | Appeared on Shark Tank season 7 and all sharks invested $1.5 million for 25% Equity |
| 2019 | Partnered with the US Forest Service to develop and deploy drones for firefighting and disaster response. |
| 2022 | Received the “Drone of the Year” award from the Consumer Electronics Show (CES). |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for xCraft Drones and its continued success.