The company name behind Skye Orbit UAV is Xi'an Sky Intelligent Technology Co., Ltd., which was established in February 2015. Interface News on the company's official website and found that "supply hot" and "product inventory" both show "for the time being unable to find related products" information.
In the business registration information, Li Mingyuan, who is the youngest vice president in Baidu’s history, was very impressive. It is understood that Li Mingyuan has invested in angels in his personal capacity, with an investment of 400,000 yuan, accounting for about 10% of the shares. In 2015, Skye orbit also won the Pre-A round of financing with Triumph Capital and Radish Technology.
At that time, Li Mingyuan’s participation in the voting also served as a lot of endorsements. Skye was the best of the moment.
It is understood that Li Mingyuan, born in 1983, joined Baidu as an intern in 2004 as the first product manager of Baidu Post Bar, increasing the proportion of Baidu's traffic to Baidu's traffic from 1% to 11%. In 2007, Li Mingyuan was the first independent manager of Baidu's history - the general manager of the e-commerce business unit, and was responsible for its Baidu Youhe and Baifubao businesses. In 2013, Baidu announced the promotion of Li Mingyuan as vice president. In 2014, he was promoted to a member of E-Staff. He is also the youngest vice president and the youngest member of the decision-making committee in Baidu history. He is known as the "Baidu Prince" in the rivers and lakes. . However, Li Mingyuan left Baidu in November last year.
Earlier, in an interview with the media, the CEO of Skye UAV Gui Xiaoxuan once said that some domestic companies that have been developing for 1-2 years have generally reached the A-B round of financing and their capital has been tightened. 2016 The start-up company is afraid that the time has passed. Without its own technology and product advantages, it can easily be eliminated.
Unexpectedly, the speech to Gui Xiaoxuan was less than a year. On September 29, 2016, Skye stated that it has reached a framework for investment intentions with the two investors in the current round. The overall environment of the market is relatively lukewarm and our products Factors such as slow progress and inadequate management of financial funds have caused certain problems in the cash flow in the near-term," and Skye once negotiated with staff that "unpaid two-month wages will be paid in the form of bonuses at the end of the next round of financing. Everyone, financing is expected to be completed in September-November 2017."
In December 2016, the company formally announced the suspension of operations on the grounds that “the company could not pay off due debts due to financial difficulties and the assets were insufficient to pay off all debts.†According to interviews with related media, Skye’s bankruptcy was mainly due to product backlog. Can not sell, it is difficult to repay the supply chain funds.
In January 2017, some Skye employees posted a message saying: “My friend went to the unit for an interview. The interviewer was not a staff member. A large part of the staff was an intern. Development code management was confusing and he left the job less than a month ago. To pay the wages, the e-mail does not reply, I do not know how to consider it."
The staff’s salary payment was also discussed at the bottom of the post. There were employees who were owed wages and they said, “The boss couldn’t find it.†They were also owed 3 months of wages... The employees temporarily had nowhere to turn to for help.
According to the company’s official website, the interface news reporter contacted Gui Xiaoxuan. After thirty seconds of waiting, he finally connected, but when the reporter asked if the other party was “Xi'an Sky Smart Technology Co., Ltd.â€, the other party Flashing, saying "no", hang up instantly.
Although 50 unmanned drones with zero intelligence control appeared this year in the Gala Fireworks show performed by Mao Amin and Zhang Jie during the Spring Festival Gala. But since last year, the bad news of the drone industry has spread frequently. On November 9, 2016, the Karma drone of Gopro, the old brand of sports camera brand, announced the recall of 2,500 units sold in only 16 days. On January 16, 2017, Lily drones that had been bounced after crowdfunding were listed. The bankruptcy was announced, and two well-known drone manufacturers in the country reported news of layoffs.
In fact, starting from the second half of 2016, the amount of financing for the global drone industry has been rapidly shrinking. According to a venture report jointly published by KPMG and CB Insights, the global drone industry only acquired 13 investments totaling 55 million U.S. dollars in the third quarter of 2016, compared with 13 U.S. dollar loans totaling 106 million U.S. dollars in the second quarter of 2016. The reduction was nearly half, which was a significant drop from the total of 12 financings of US$134 million in the third quarter of 2015.
According to IDC's data, as of the third quarter of last year, Dajiang’s aerial drones accounted for 52% of the market, zero-intelligence was closely followed by Parrot, but Parrot also announced that it had withheld zero-intelligence due to layoffs. In the consumer market, other small drone companies are even more difficult to sustain. Even if they continue to expand, there is not much room in this market for manufacturers outside of Xinjiang. Therefore, Skye’s bankruptcy outflow is not only a cause of capital tightening, but also more. It may be that the market share is not dominant, resulting from the product backlog.
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