The Shenzhen-based drone making company DJI has teamed up with its Silicon Valley venture capital backers Accel Partners to invest in some of the latest flying robot technologies.
DJI and Accel have created what they're calling their SkyFund investment vehicle which will aim to support start-ups focussed on developments at the cutting edge of the unmanned aerial vehicle (UAV) industry.
SkyFund is to start with $10 million ready to invest but expectations are that the project and the scale of financing involved will grow considerably in months and years to come.
The plan is all part of an effort to see DJI, which is already the largest consumer drone maker in the world, become the foremost supplier of software to the industry.
"There's a lot of activity around the drone ecosystem in terms of critical component technologies and interesting applications and we are going to invest in early stage, creative ideas," explained Sameer Gandhi from Accel Partners.
Earlier this month, Accel invested some $75 million into DJI at a level that valued the business at around $8 billion.