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Drone company Lily shuts down owing $34m

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Offline eye30

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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.

:link: Drone company Lily shuts down owing m - BBC News
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Offline Dazzler

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I was hounded by a company called nuheara about getting on board early at a special price with some new fangled hearing aids/earphones.  They seemed to keep deferring the release date so I avoided committing in case this happened. Must do a follow up to see if they ever went to production.
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