SHENZHEN, China and PALO ALTO, Calif., May 06, 2015 /PRNewswire/ -- DJI today announced that the global leader in unmanned aerial vehicle (UAV) technology, has received a USD $75 million investment from Accel, the leading global venture capital firm. The investment, one of Accel's largest single investments, is part of a broader effort between the two organizations to help DJI's global expansion efforts and spur market innovation across the UAV ecosystem.
"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 Frank Wang, DJI's CEO and founder. "Accel's experience backing some of the world's most iconic technology companies as they built communities around their products will be useful for us as we expand as a platform for innovation."
"DJI is quickly establishing itself as the owner of the world's most powerful robotics platforms," said Sameer Gandhi, partner at Accel. "The democratization of the skyways is well underway with affordable access to UAVs allowing people and companies to rethink what's possible. It's a privilege to partner with such a remarkable company and such an authentic team of entrepreneurs."
The funds from the investment will be used for ongoing initiatives to accelerate global adoption of DJI's products, and to extend DJI's reach into new industrial applications.
Additional details about the partnership between DJI and Accel will be officially announced in the coming weeks.
DJI is a global leader in developing and manufacturing innovative aerial robotics technology for commercial and recreational use. DJI was founded and is run by people with a passion for remote-controlled helicopters and experts in flight control technology and camera stabilization. The company is dedicated to making aerial photography, filmmaking and data collection more reliable and accessible for creators and innovators around the world. DJI's global operations currently span North America, Europe and Asia, and its revolutionary products and solutions have been chosen by customers in over 100 countries; for applications in film, construction, inspection, nature conservation, fire fighting, agriculture, and many other industries.
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Accel is a leading early and growth-stage venture capital firm, powering a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a world-class, category-defining business. Founded in 1983, Accel brings more than three decades of experience building and supporting hundreds of companies. Accel's vision for entrepreneurship and business enables it to identify and invest in the companies that will be responsible for the growth of next-generation industries. Accel has backed a number of iconic global platforms, which are powering new experiences for mobile consumers and the modern enterprise, including Atlassian, Braintree, Cloudera, Dropbox, Etsy, Facebook, Flipkart, Slack, Spotify, VSCO and others.