Chinese drone maker DJI in talks to raise funding at US$10 billion valuation
DJI, the world's largest drone maker, is seeking to raise hundreds of millions of dollars in a funding round that would take the value of the Shenzhen-based company to some US$10 billion.
DJI, the world's largest drone maker, is seeking to raise hundreds of millions of dollars in a funding round that would take the value of the Shenzhen-based company to some US$10 billion.
DJI declined to comment on the fundraising or the company's valuation.
Representatives for Accel and Kleiner Perkins could not immediately be reached for comment.
A US$10 billion valuation would make DJI by far the most valuable consumer drone manufacturer in the world, and the second Chinese tech start-up to hit an eleven-figure valuation in the last six months, after smartphone maker Xiaomi closed a number of highly lucrative funding rounds, the most recent of which in December 2014 took its value to US$45 billion.