SZ DJI Technology Co., Ltd (“DJI”) was founded in 2006 by current CEO & CTO, Tao Wang, and is based in Shenzhen, China. The company has not officially endorsed a plan to participate in an IPO.
DJI has product lines ranging from drones to cameras to virtual reality (“VR”) headsets. Those lines include the Mavic, Spark, and Phantom Series drones as well as the DJI RoboMaster Series robot, among others. The company has raised over $150 million in Venture Capital funding from investors including Econa Investment, Brinc, Accel, Kleiner Perkins, Walden International, Maison Capital, Sequoia Capital China, Aeternam Stella, and Lighthouse Capital Management. It has been widely reported that DJI last raised $40 million in November 2017 at an undisclosed post-money valuation.