The drone market is attracting capital attention, Sequoia or 200 million stakes in drone companies

A new round of financing for the big frontier of unmanned aerial vehicle enterprise: Chuan Sequoia 200 million shares
The drone market is attracting capital attention, in the polar aircraft and other unmanned vendors to complete tens of millions of dollars, the domestic unmanned aerial vehicle market leader of the big Xinjiang innovation is also preparing for a new round of financing, Tencent Science and technology learned that its capital negotiations with Sequoia is entering a critical stage.

According to people familiar with the situation, this round of financing, the overall valuation of the Xinjiang innovation is high, to 10 billion yuan, Sequoia capital to 200 million yuan to invest in its 2% stake.

Tencent technology to call the innovation founder Tao, the other side of the phone can not be connected. A Sequoia Capital Personage confirms, is talking with the big Xinjiang innovation to negotiate a stake, however, it did not disclose the Sequoia and the big Xinjiang Innovation shares the details, and the bilateral negotiations progress degree.

Data show that the great Xinjiang innovative products from the UAV flight control system to the overall aerial program, from the multi-axis PTZ to high-definition image transmission, has been widely used in aerial filming, film, agriculture, real estate, news, fire, Rescue, energy, remote sensing mapping, wildlife conservation and other fields, and into the personal electronic consumer market, One of the fastest growing technology companies in the world.

At present, the great Xinjiang innovative products occupy the global civilian small UAV about 70% market share, its sales market is mainly concentrated in Europe and the United States, accounting for its past total sales of 80%.

However, the great Xinjiang innovation treatment of investment has always been cold. A well-known domestic venture investment institutions insiders have revealed, as early as 4 years ago, has followed the focus on innovation, but still not a stake.

One of the most important reasons is that since the inception of the New Frontier innovation on the high valuation scare many investors. There is also the view that the Great frontier innovation is not lack of money, cash flow is very good, brand influence basically established, there is no need for this time to put institutions into the penny.

So, what is the purpose of introducing Sequoia Capital into the innovation of Xinjiang? And Tian Xiang, founder of the Zhu Qiuyang Tencent Technology analysis, said that the Xinjiang innovation in the B round of financing may start overseas listing plan in 2015.