DJI May Become First Billion Dollar Drone Company
Over the last two years DJI has emerged as the world's most popular consumer drone maker, at least by revenue. And The Verge has learned that the company is currently in talks with Silicon Valley's top venture capital firms to potentially raise a new round of funding. Sources familiar with the negotiations say DJI reported around $500 million in revenue for 2014, roughly four times what it did in 2013, and is on pace to do about $1 billion in sales this year. The potential valuation of the company would be a healthy multiple of that, several billion dollars, although no deal has yet been finalized.
- Ryan Perez