The Chinese drone making company DJI has been boosted by a $75 million investment from the Silicon Valley-based venture capital firm Accel Partners.
Having previously backed both Facebook and Dropbox, Accel Partners is now investing in the Shenzhen-based start-up at a valuation of $8 billion, according to Financial Times' sources.
Sameer Gandhi led Accel's investment in DJI and has compared the fledgling business to Apple in terms of its ability to combine hardware and software to create new technologies.
"We had a thesis about a new market opportunity to build an advanced robotics platform business, and unmanned aerial vehicles being a big part of that," he told the FT.
Gandhi describes the emergence of a Chinese tech start-up that's outcompeting rivals in Silicon Valley as being a "very important moment".
Expectations are that DJI will use its investments to create new lines of consumer drones and to develop devices that can be used in various industrial contexts.