Billionaire Larry Page’s Kitty Hawk acquires 3D Robotics from Chris Anderson

Silicon Valley’s Kitty Hawk is buying what’s left of one-time DJI competitor 3D Robotics, founded in 2009. Aircraft manufacturer Kitty Hawk produces electric personal air vehicles and is financially supported by Google co-founder Larry Page. Chris Anderson, the co-founder of 3D Robotics, will become Kitty Hawk’s chief operating officer.

Several years ago, the USA’s 3D Robotics was competing against early entrants like France’s Parrot and China’s DJI. The company was widely regarded as a good example of the transformation within the unmanned aerial vehicle (UAV or ‘drone’) manufacturing industry.

When DJI began to dominate the market, 3D Robotics decided to abandon its consumer product (called Solo) and has spent the subsequent years developing software for commercial drones.

via GIM International

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