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

Tech 12-1-2017 TechCrunch 38
Lily drone Lily, 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
Read The Rest at TechCrunch