Funding for venture-backed drone companies in the U.S., China, Europe and Israel hit a record in 2015, Lora Kolodny reports for Dow Jones VentureWire. The startups raised $855.3 million in funding through Dec. 22, according to industry tracker Dow Jones VentureSource.
Venture-backed drone companies received $94.4 million in funding in all of 2014. A handful of early leaders in the consumer drone market, most notably SZ DJI Technology Co. Ltd., sucked up the majority of the dollars invested in 2015. Shenzhen-based DJI, best-known for its Phantom line of drones and other consumer products, raised $575 million in two rounds of
Coming up on US$1B is serious. You’ve got to assume it will break US$1B in 2016, but it’s not clear how. There is no DJI waiting in the wings, and GoPro and 3DR running into stiff headwinds isn’t going to help things either.