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This Chinese drone company is now worth $8 billion

May 6, 2015, 7:46 PM UTC
US-TECHNOLOGY-DRONE
Staff from aerial imaging company DJI, demonstrate a remote control aircraft during a press conference by the Small UAV Coalition January 20, 2015 in Washington, DC. The group who advocates for mall remote controlled, frequently multi rotor, aircraft held the conference to democrat their technologies and speak about legal issues effecting the industry. AFP PHOTO/BRENDAN SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
Photograph by Brendan Smialowski — AFP/Getty Images

SZ DJI Technology Co., a Chinese drone company, is worth $8 billion after its latest round of funding, according to a report in The Wall Street Journal.

The latest round of investment is for $75 million, the biggest ever for the drone company, the paper said.

“We think [the drone sector] is still an early market, but one that we think is a new global technology category,” Sameer Gandhi, who led the investment for Accel, told the Journal. “This is the company we believe is going to be the leader in that category.”

Drones have been a hot topic in the tech world over the past year, as companies continue to look for business and recreational uses for the futuristic flying robots.