HOVERAir maker Zero Zero Robotics reportedly becomes a unicorn

Zero Zero Robotics, the Chinese company behind HOVERAir self-flying cameras, has reportedly reached a $1 billion valuation in its latest funding round. Leiphone reported the valuation on October 28, alongside estimates from people close to the company that fourth-quarter revenue could reach RMB 600 million to RMB 700 million. The company disclosed Series D and D-plus financing this year, with investors including Boyu Capital, Xiang He Capital, Delian Capital and an Ant Group affiliate.