Intel Corp. has selected Yuneec, a rising Chinese drone maker, for a $60 million round of funding. Based in Shanghai, Yuneec International Co. will utilize the funds to build hardware that will create new opportunities in unmanned aircraft.
“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 Krzanic. “We’re pleased to collaborate with a leader in this important new space.”