BLOOMBERG: Intel has invested more than $60 million in Yuneec International, a Chinese drone manufacturer.
BLOOMBERG: Intel has invested more than $60 million in Yuneec International, a Chinese drone manufacturer.
Venture capitalists and companies are investing in drone technology on the expectation that unmanned aerial vehicles will prove beneficial for consumers and industrial customers. Amazon.com and Google are developing drones to deliver products to consumers. Yuneec’s Chinese rival SZ DJI Technology Co. raised $75 million from Accel Partners in May.
“At Intel we believe in a smart and connected world. And one of the best ways to bring that smart and connected world to everyone and everywhere has been drones,” Intel Chief Executive Officer Brian Krzanich said in a video announcing the investment by Intel Capital. “We’ve got drones on our road map that are going to truly change the world and revolutionize the drone industry.”
