The world’s most popular “drone” manufacturer, DJI, has raised $75 in venture funding from Accel Partners, which values the company at a cool $10 billion. They are also projected to generate $1 billion in revenue this year, which is about twice what they made last year. DJI will use this funding to expand their vision: at the moment they are known for aerial photography and videography, but they want to get into other areas:
DJI had been a vertical company making drones for aerial photography and video, but the company hopes to use this funding to change that. “We aspire for DJI to offer a platform for unbounded creativity and exploration across areas as diverse as filmmaking, agriculture, conservation, search and rescue, energy infrastructure, mapping, and more,” said Wang.
DJI just started shipping their latest platform, the Phantom 3 and the Inspire seems to be getting more popular every day. This makes me excited about the future of UAVs: DJI is a huge player and this will only push innovation and the potential for UAV platforms.