lily
Spark Capital

Lily Flying Camera Closes $14M In Funding, Delays Shipping Until Summer 2016

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Lily drone

Lily, a drone that is meant to satisfy all your selfie needs, has today announced the close of a $14 million Series A round of funding, with investors including Spark Capital, SV Angel, Stanford-StartX Fund, Steve Aoki and Joe Montana.

That said, the company also announced it would be postponing its ship date until Summer 2016.

Lily originally put their flying camera up for pre-sale (via their website) of May in 2014.

The Lily is a flying camera that can fly for up to 20 minutes and capture 1080p video at 60fps, or slow motion at 720p with 120fps. It also has the ability to capture 12 megapixel stills.

But the Lily differentiates by being tailored to its goal of filming the pilot, using a tracker to start an orbit around them. The Lily is also waterproof so it can be used by the pool or at the beach.

According to the Lily Crunchbase page, the company had raised $1 million in seed before this most recent $14 million Series A round. Bijan Sabet, who led the round for Spark Capital, weighed in on the delayed shipping date in his own Medium post:

We have confidence that the delay is the right thing to do for their customers and ultimately will give them the time to deliver the best possible product. I believe they will do just that.

You can check out Lily for yourself right here.