DJI is about to become the first billion dollar consumer drone company Over the last 2 years DJI has actually arised as the world's most prominent consumer drone maker, at the very least by profits. And The Verge has actually discovered that the business is currently in talks with Silicon Valley's top financial backing firms to possibly raise a brand-new round of funding. Resources familiar with the arrangements say DJI reported around $500 million in profits for 2014, roughly 4 times what it performed in 2013, as well as is on speed to do about $1 billion in sales this year. The potential valuation of the business would be a healthy and balanced multiple of that, numerous billion dollars, although no bargain has yet been wrapped up. Building a new category of customer electronics The firm aided bring tiny, effective drones to the masses with its Phantom line of quadcopters, our favorite system throughout in 2013's screening. In doing this, the Shenzhen based company came to be one of the initial Chinese business to aid build a brand-new category of customer electronic devices at global scale. The Phantom was easy enough for beginners, but powerful enough to passion severe hobbyists, specialist digital photographers, and filmmakers. In 2014 we dubbed it "the kleenex of drones," which universality has actually become a large business. With over 2,800 employees, DJI currently has workplaces in Shenzhen, Hong Kong, Los Angeles, Rotterdam, Tokyo, and Kobe. It offers several different variants of its Phantom drone, in addition to its higher-end "prosumer" system, the Inspire One, and its much bigger S-class systems. It additionally has a prominent line of gimbals made use of for maintaining cameras throughout air travel, and has actually translated that modern technology right into a handheld cam stabilizer, the Ronin, utilized by film and also TELEVISION specialists. CBI Insights located drone financing was up 104 percent in between 2013 and 2014.