Hover Camera’s creator, Meng Qiu “MQ” Wang, pulls out a small, rectangular device that looks at first like an external hard drive. He folds out the body, presses a button on the top and throws it into the air. It immediately begins hovering smoothly (yet loudly) in place. Four propellers sit enclosed in a carbon fiber grate, almost giving it the illusion that it’s floating magically. MQ walks around and the machine starts following him. He pushes it and it quickly flies back into place.
MQ is the CEO and cofounder of Zero Zero Robotics, the maker of the Hover Camera. Headquartered in Beijing, the 80-person company came out of stealth on Tuesday after having worked on the flying robot for more than two years now. It’s attracted $25 million in investment from Seed and Series A venture rounds. Investors include IDG, GSR Ventures, ZhenFund, ZUIG and others. MQ and Tony Wang, the other founder, have PhDs from Stanford University.
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