DJI Raises $75 Million from Accel for UAV Innovation

1129_dji_phantom DJI Raises $75 Million from Accel for UAV Innovation DJI has received a $75 million investment from global venture capital firm Accel as part of a larger effort between the two to expand DJI's efforts globally and to encourage innovation throughout the unmanned aerial vehicle (UAV) market.

Specifically, the funds will be used for ongoing initiatives aimed to accelerate the global adoption of DJI's products and to explore DJI's role in new industrial applications. DJI says this venture is one of Accel's largest single investments.

‘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,’ says Frank Wang, CEO and founder of DJI.

‘DJI is quickly establishing itself as the owner of the world's most powerful robotics platforms,’ says Sameer Gandhi, partner at Accel. ‘The democratization of the skyways is well under way with affordable access to UAVs – allowing people and companies to rethink what's possible.’

Additional details about DJI and Accel's partnership will be announced in the coming weeks.

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