XCraft Shark Tank Update
personal use drone
What Happened to XCraft After Shark Tank
Is XCraft still in business? Yes — still in business.
$6M
reported annual revenue
- On-air deal with all five sharks for $1.5 million for 25% did not close post-show
- Post-show Kickstarter raised over $170,000; raised $1,068,687 on StartEngine in 2018
- Pivoted to defense, mapping, and public safety drone applications; partnered with T-Mobile
- Annual revenue estimated $6 million
Last verified Apr 1, 2026. Web-confirmed sources.
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The XCraft Shark Tank Pitch
XCraft pitched on Shark Tank Season 7, Episode 5, which aired Friday, October 23, 2015, asking for $500,000 for 20% of the company — a $2.5M valuation.
Mark Cuban, Lori Greiner, Robert Herjavec, Daymond John and Kevin O'Leary teamed up and agreed to invest $1.5M for 25% equity, valuing the company at $6M. The deal fell through after the show. Five-shark deal did not survive post-show due diligence and terms negotiation. No specific reason publicly documented. The terms were later renegotiated: Deal renegotiated from original offer.
Watch the Pitch
Pitch Details
- Aired
- S7E5Oct 23, 2015
- Ask
- $500,000for 20%
- Ask Valuation
- $2.5M
Deal Terms
Terms agreed on air. The deal did not close.
- Amount
- $1.5M
- Equity
- 25%
- Valuation
- $6M
Mark Cuban
Lori Greiner
Robert Herjavec
Daymond John
Kevin O'Leary