A 2d chinese drone startup has disclosed major funding this week. Intel announced it put $ 60 million into Shanghai-based Yuneec, simply two days after rival EHANG publicized a $ 42 million collection B.
each EHANG and Yuneec are up in opposition to DJI, but another chinese drone startup, which raised $ seventy five million from Accel companions in may just to build a software ecosystem for builders and runs its own fund, called SkyFund, for investments in companies related to unmanned aerial automobiles.
In a video to mark the Intel funding (embedded beneath), Yuneec founder Tian Yu says his firm’s drones, which embody variations for client and undertaking users, differentiate through being straightforward to use, with a built-in reveal for a controller, so even novices can fly them just 5 minutes after unboxing.
Intel and Yuneec plan to collaborate on projects, however have not revealed what they are going to improve. that is the 0.33 drone startup Intel has invested in so far. the other two are Airware, which makes commercial drone device (and additionally has its personal UAV fund) and PrecisionHawk, a sensor hardware maker and information diagnosis platform.
as the drone market enjoys fast boom, venture capital companies have poured funding into startups. according to CB Insights, drone corporations had raised $ 172 million with the aid of could 2015, more than the earlier three years combined.
which means the shopper drone market is changing into crowded and corporations like Yuneec, EHANG, DJI, and U.S. rival 3D Robotics must focal point on honing UAVs and tool for industry customers. by investing in startups that duvet drone hardware, tool, and information analsysis, Intel appears set to start out constructing an ecosystem that may now not simplest use its semiconductors, but also diversify earnings beyond chips because it recovers from a couple of quarters of slow income boom.
This entry handed through the Full-text RSS service – if that is your content and you might be reading it on someone else’s site, please read the FAQ at fivefilters.org/content-handiest/faq.php#publishers.
TechCrunch » Startups