Three weeks ago, DJI became the most valuable consumer drone company on earth when the venture capital firm Accel invested $75 million in the company. Today the partnership between the two parties deepens, with the announcement of the Skyfund, a joint initiative to invest in drone startups and more broadly across the booming field of robotics and intelligent machines.
Make it rain
They aren't alone. This morning Airware, one of the better-funded drone startups in Silicon Valley, announced it was launching its own venture, the Commercial Drone Fund, with plans to pour millions into exactly the same strategy. The fund will be overseen by Airware CEO Jonathan Downey. It announced the first two recipients this morning, RedBird and Sky...
The big drone companies are investing millions to create new drone startups
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