Yuneec produces both consumer and enterprise drones and emphasizes ease of use, with controllers that include a built-in screen so newcomers can fly minutes after unboxing. The company is Shanghai-based and has positioned its products to compete in a crowded consumer and commercial drone market. Intel announced a $60 million investment in Yuneec and said it will collaborate with the company on unspecified projects. The deal places Yuneec within Intel’s broader push to build a drone ecosystem — Yuneec is the third drone startup Intel has invested in, after Airware and PrecisionHawk. Yuneec competes with other drone firms such as DJI, EHANG, and U.S. rival 3D Robotics. The article frames the funding within fast market growth and rising venture activity in the drone sector.

Total raised

$60M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2015