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January 12, 2017 06:34 am GMT

Unable to fund production of its camera drone, Lily will shut down and refund customers

Lily droneLily, the autonomous camera drone that sold a whopping$34 million in preorders, has announced they are shutting down. In an email sent to customers about an hour ago, the startup says that they were unable to raise an additional round of funding which would have allowed them to start production of the drone. So they announced that they will be winding down the company, and offering an… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/6In1oPo5_zU/

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