CyPhy Works, a pioneer in the drone industry that was famous for its tethered drones, is no more. What remains of its assets and intellectual property has been acquired by sensor company FLIR for an undisclosed sum of money.

CyPhy Works was founded in 2008 by iRobot co-founder Helen Greiner (who is most famous for creating the Roomba), and backed by several top technology investors. The company was known for its tethered drones, which enabled them to fly for days, rather than hours or minutes as is the case with most drones. Those tethered drones connected to a base station by microfilament wire, which provided both continuous power and secure communications.

But the…

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