Wednesday, April 15, 2015

Chinese Drone-Maker Seeks Silicon Valley Funding at $10 Billion Valuation

DJI, the Chinese maker of remote-controlled “quadcopters” that has led a boom in consumer drones, is looking to raise hundreds of millions of dollars in venture funding at a valuation of $10bn, according to people close to the negotiations, reports FT.

The talks are on going with several Silicon Valley venture capital firms.

The Shenzhen-based company also hit the headlines in January when one of its unmanned Phantom drone crashed into the White House grounds.

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