With more than £2.3 million ($3.5 million) in funds from 12,000 backers, Kickstarter-backed autonomous drone Zano seemed like it had a bright future

Alas, it was not meant to be. Torquing, the company behind the project, sent an email to backers Wednesday, warning them that Zano is essentially dead

“Having explored all options known to us, and after seeking professional advice, we have made the difficult decision to pursue a creditors voluntary liquidation,” the message, visible only to the project’s backers but obtained by Mashable, says

The decision comes after severe shipping delays — the product was originally scheduled for June 2015, but was only sent to a small number of backers, many of whom complained about technical issues Read more…

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$3.5 million Kickstarter drone Zano folds after delays and resignations