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Chinese drone start up Yuneec takes flight with more than $60 million from Intel Capital

Posted 7 years ago

Region:

East Timor, Vietnam, Saint Vincent, United States of America, Taiwan, Trinidad, Turkey, Thailand, San Marino, Slovakia, Singapore, Sweden, Russia, Serbia, Romania, Portugal, Poland, Pakistan, Philippines, Norway, Netherlands, Malaysia, Malta, Myanmar, Monaco, Luxembourg, Sri Lanka, Liechtenstein, Saint Lucia, Saint Kitts and Nevis, Cambodia, Jamaica, Italy, Iceland, India, Ireland, Indonesia, Hungary, Haiti, Croatia, Hong Kong, Greece, Grenada, United Kingdom, France, Finland, Spain, Denmark, Germany, Czech Republic, Cuba, China, Switzerland, Canada, Bahamas, Belgium, Bangladesh, Barbados, Austria, Andorra
Sector:

Technology Hardware & Equipment, Diversified Financials
Deal Size:
$60 million
Buy Side Company:
Intel Capital
Sell Side Company:
Target Company:

Yuneec

Venture capital and investment arm of Intel Corporation, Intel Capital has invested more than $60 million in Yuneec, a Chinese drone start up. Yuneec will use the funding to accelerate product marketing and development. Founded in 1999, Yneec is based in Shanghai with offices in North America, Europe and Asia. According to market reports, besides Yuneec, Intel has also invested in drone companies Airware and PrecisionHawk. Intel’s chief executive Brian Krzanich and Yuneec’s CEO Tian Yu put up a short video which is partially shot by one of Yuneec’s Typhoon 4K drones on Intel’s website to announce the collaboration.

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