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

TechCrunch
By Fitz TepperJan 12, 2017, 1:34 am181 pts
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…

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