Intel Capital invests $60M+ in leading drone maker Yuneec
SANTA CLARA, Calif. Aug. 27, 2015 – Intel Capital has invested more than $60 million in Yuneec Holding Ltd. (“Yuneec”), a worldwide leader in electric aviation. The announcement was made by Intel CEO Brian Krzanich and Yuneec CEO Tian Yu in a short video partially shot by Yuneec’s Typhoon 4K drone.
The two CEOs said their companies also will collaborate on future products.
“We believe drones have the potential to positively change lives in many ways, whether that’s delivering consumer goods or inspecting disaster sites. And with the coming addition of Intel technology inside, Yuneec’s smart drones can create amazing possibilities,” said Krzanich. “We’re pleased to collaborate with a leader in this important new space.”
Yuneec intends to use the funding to accelerate product marketing and development.
“With our deep IP and control over manufacturing, Yuneec is singularly positioned to expand the consumer drone market,” said Yu. “Our drones are manufactured to be ready to fly ‘out of the box’ and ensure stable, smooth flying and video capture.”
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested nearly US$11.6 billion in over 1,440 companies in 57 countries. In that timeframe, 213 portfolio companies have gone public on various exchanges around the world and 373 were acquired or participated in a merger. In the first half of 2015, Intel Capital invested $134 million in 63 deals, including 29 new portfolio companies, and saw 10 exits. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.
Founded in Hong Kong in 1999, Yuneec is the world leader in electric aviation and has over 1,800 employees located in Hong Kong, Shanghai, Los Angeles, Hamburg and London. With hundreds of patents filed, Yuneec's core technologies power its manned aircraft as well as its drones. In 2014, Yuneec introduced the world's first ready-to-fly, out-of-the-box drone, the Typhoon Q500, and in 2015, Yuneec added a 4K version with innovative features such as WatchMe to make it even easier to capture the perfect video. For more information, visit www.yuneec.uk.
Original Article: http://www.intelcapital.com/news/news.html?id=359
The New Q500 4K is a complete Aerial and Ground imaging system ready to capture the future
Featuring the sleek 'Dark Grey' Q500 aircraft combined with the ST10+ transmitter ground station with integrated 5.5" FPV LCD touchscreen screen, the latest CGO3 4K UHD Ultra High definition camera and Steady Grip handle, for stabilised ground shooting, there had never been a more complete system for all types of user from beginner to professional.
With Ultra HD 4K 30FPS or 1080p 120fps 'Slow Motion' video, 12 Megaspixel photos, zero distortion 110° lens and user controlled video resolution, white balance and light exposure the CGO3 sets a new standard in aerial photography.
Priced at £1129.99 (Inc. Vat), including a SteadyGrip handle, 2x batteries and a Hard carry case - Yuneec's Q500 4K is a superb, value for money, total imaging package.
Open the box and fly, it is that easy!
Watch me has been added to the Q500+ function list. This great feature targets the CGO2+ camera on the transmitter position, regardless of the orientation of the Q500 in the air producing 'Selfie' style photos and video production.
Regardless of any change in height the CGO2+ camera tilt will be adjusted to continually aim its original target unless the tilt angle is adjusted on the transmitter.
The Q500 Typhoon is a complete aerial photography and videography (APV) system. The Q500 System includes .
The SteadygGrip handle (mobile phone not included) has now been included with all Tornado Q500 Series products.
The SteadyGrip camera handle allows all CGO cameras - CGO2, CGO2+ and CGO3 - fitted to the Tornado Q500 series, to be used as a stabilised ground camera for video and still shots when attched to the Steadygrip all watchable via am attched mobile phone or tablet screen (not supplied).
Shoot a friends’ graduation, birthday wedding party! Or action events such as skiing or skateboarding etc. As an independent ground imaging module, SteadyGrip with the CGO3 camera provides a fluid and convenient way to record memorable moments and memories to a micro SD card and watch real-time what is being recorded on a mobile device screen using the CGO3 APP.
The Q500 Series is a true Air to Ground Imagaing System.
Take a look at the video trailer on the home page and see the comparision between videoing 'with' and 'without' a stabilised camera.