When it comes to a ranking of the smartest companies in the world, DJI outperforms Microsoft, Tesla, IBM, General Electric and a multitude of other tech giants.
The MIT Technology Review released its list of the “50 Smartest Companies of 2017” and dronemaker DJI comes in at No. 25. That puts it two spots behind social networking giant Facebook, and one spot behind online learning course Udacity.
This is the first year that DJI has held a spot on the annual ‘smart companies’ list from the MIT Tech Review. The privately held drone company based in Shenzhen, China has a valuation of about $10 billion.
“DJI continues to lead the consumer drone market by making smaller, more capable aircraft at lower cost,” according to the MIT Technology Review. “Its $999 Mavic Pro drone boasts advanced flight features like obstacle avoidance and can be transported in a backpack thanks to folding arms and propellers. The company’s latest drone, the $499 Spark, fits in the palm of a hand, weighs less than a soda can, and can be controlled with hand gestures. ”
DJI saw an estimated $1.4 billion in sales in 2016 and expects revenue to exceed $1 billion in 2017.
DJI isn’t the only company on the list to venture into the drone industry. Amazon, which has been working on Amazon Prime Air for drone package delivery since at least 2013, ranks No. 3. And Alphabet, which has been working on its own drone delivery project under the guise of Project Wing. Coming in at No. 13 is Intel, which has made major strides in the drone space, including its splashy drone light shows, which have performed at Coachella, Walt Disney World and behind Lady Gaga in the Super Bowl.
Other companies that made the top 25 include graphics processing company Nvidia at No. 1 and SpaceX at No. 2.