Drone Company Goes Belly-Up After $32 Million Investment


If you like drones you probably remember getting excited about a little company called Lily after they released this commercial in early 2015. After a lot of hype, Lily raised $32 million to produce a line of compact camera drones that would cost about as much as a GoPro camera. Sadly the drones will never make it off the ground as the company announced this week that they will be closing their doors before they ever truly opened. Customers who pre-ordered one of the highly anticipated drones can expect a full refund in the months to come.