xCraft Drones, customized unmanned aerial systems – drones, was started by JD Claridge in 2014. As of March 2024, xCraft Drones net worth is $17 million and they’re pulling in a whopping $1 million in annual revenue.
In October 2015, they appeared on season 7 of Shark Tank USA and made a deal with Kevin O’Leary, Mark Cuban, Lori Greiner, Daymond John, and Robert Herjavec, for $1.5 million for 25% of equity. The final valuation was $6 million, up from the founder’s initial estimate of $2.5 million.
xCraft Drones is still in business. xCraft Drones is a leading manufacturer of hybrid drones. The company’s drones are known for their long range, high speed, and vertical takeoff and landing capabilities. xCraft Drones are used by a variety of customers, including commercial photographers, videographers, and land surveyors. To know further details, visit their official website.
xCraft Drones Net Worth
| Net worth | $17 million (2023) |
| Annual Sales Revenue | $1 million (2024) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Kevin O’Leary, Mark Cuban, Lori Greiner, Daymond John, and Robert Herjavec |
| Founder | JD Claridge |
| Employees | Not publicly available |
xCraft Drones Net Worth Timeline
| Net Worth 2023 | $17 million |
| Net Worth 2022 | $17 million |
| Net worth valuation 2015 after appearing on Shark Tank | $6 million |
| Net worth valuation 2015 before appearing on Shark Tank | $2.5 million |
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 |
Don’t miss these product from Season 07
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 a net worth of $13 million as of 2023.
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.
