HOVERAir maker Zero Zero Robotics reportedly hits $1B valuation

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 figure on October 28, citing sources estimating fourth-quarter revenue at RMB 600–700 million; the company closed Series D and D-plus rounds this year with investors including Boyu Capital and an Ant Group affiliate.

• Zero Zero Robotics valuation reportedly reaches $1 billion
• Q4 revenue projected at RMB 600–700 million
• Series D and D-plus investors include Boyu Capital and an Ant Group affiliate
• Founded in 2014 by Stanford PhD graduates