XCraft Net Worth

xCraft is a drone company that was featured on the TV show Shark Tank. The company quickly gained popularity after appearing on the show. It currently has a valuation of $17 million. The company produces drones for both military and enterprise use. The company raised $170,000 in a Kickstarter campaign to develop a phone drone.

The company was founded in 2013 by JD Claridge, who has a background in aerospace. He grew up in Coeur d’Alene, Idaho, where he developed a love for flying. He went on to study aerospace at LeTourneau University. The Shark Tank appearance was only one of many milestones in his career. The company has had many other developments since then. XCraft was able to raise $1.1 million from venture capitalists and a crowdfunding campaign run on StartEngine.

The company’s success was attributed to its ability to create a new product in an untapped industry. The company had strong intellectual property and licensing opportunities that made it a great bet. However, they made a minor tactical error by over-bargaining. Regardless of the reason, xCraft’s success is a model that other digital entrepreneurs should follow. XCraft is still around as of September 2022, but has given up on retail items in favor of drones for military and corporations.

The company is based in Coeur D’Alene, Idaho, USA. The Xcraft team consists of engineers, software developers, and aerospace engineers. The Founder and CEO of the company is JD Claridge. He has a 69% approval rating on LinkedIn. He has an estimated net worth of $30 million.

XCraft’s goal is to dominate the drone industry. They will continue to develop drone products and create new ways to make them accessible to a wider range of consumers. They also aim to increase their drones’ camera quality and accessibility. The company is on its way to dominating the drone market.

Founded by a former aerospace engineer, xCraft is one of the fastest-growing companies in the drone industry. The company’s founders, JD Claridge and Charles Manning, both have an impressive list of accomplishments. Their combined experience has led to their success, and they continue to engineer innovation into every flying machine they create. In addition to the founders, the company employs several engineers, a former Marine, and a production manager fluent in Chinese.