Lily Robotics apparently used your preorder funds as collateral for a bank loan and might need to pay the bank back first. The company is also now facing charges of false advertising and misleading ...

San Francisco-based Lily Robotics is going out of business after regulators said it did not deliver on promises to refund $34 million to customers who had ordered its $1,000 camera drones but ...

SAN FRANCISCO — Filing for bankruptcy this week, failed drone startup Lily Robotics said it has the cash to make good on its promise to reimburse the more than 60,000 customers who paid for, but never ...

What went wrong? In 2016, Lily Robotics took more than 60,000 preorders for an upcoming product — preorders valued at more than $34 million.Naturally, these customers expected the product to be ...

Lily Robotics launched a pre-sale for its self-flying drones in May. Now it's looking to raise $15.5 million. Newsletters Games Share a News Tip. Featured. Featured. Breaking News.

Lily Robotics, maker of a forthcoming drone that follows users around while filming them, is one of the benefactors in this movement. The San Francisco startup said it’s collected $34 million in ...

Lily CEO and co-founder Antoine Balaresque standing next to an allegedly functional Lily drone. Lily San Francisco-based drone startup Lily Robotics shut its doors last month after announcing that ...

Lily's not a DJI competitor, and it's not trying to take down the super-powered Solo from 3D Robotics. It's not complicated, and in a couple of years it won't be expensive either.

Lily Robotics Inc., the tech startup company that shut down before shipping its drone cameras, sought chapter 11 protection on Monday with plans to sell its technology and refund customers’ orders.

Tech startup company Lily Robotics Inc. is seeking bankruptcy-court approval to sell the intellectual property behind its drone cameras. The company is hoping to receive bids by early June and, if ...

Drone startup Lily Robotics was sued for false advertising and unfair business practices by the San Francisco District Attorney's Office on Thursday, the same day the company ...

SAN FRANCISCO — Filing for bankruptcy this week, failed drone startup Lily Robotics said it has the cash to make good on its promise to reimburse the more than 60,000 customers who paid for, but ...