Jan 12, 2017
Drone company shuts down owing $34m
Drone company shuts down owing $34m
Lily, the company behind an autonomous camera drone that had amassed $34m (27m) in pre-orders, has announced that it is shutting down.
In an email to customers the start-up said it had failed to raise additional funds to start production of the drone.
It promised to reimburse all pre-order customers within the next 60 days.
The waterproof drone was to be one of the first “throw-and-shoot” cameras…
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