#rebots technology

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…