Wednesday, March 21, 2018

Google Reportedly Buys Lytro

Techcrunch sources report that Google is acquiring Lytro:

"One source described the deal as an “asset sale” with Lytro going for no more than $40 million. Another source said the price was even lower: $25 million. A third source tells us that not all employees are coming over with the company’s technology: some have already received severance and parted ways with the company, and others have simply left. Assets would presumably also include Lytro’s 59 patents related to light-field and other digital imaging technology.

The sale would be far from a big win for Lytro and its backers. The startup has raised just over $200 million in funding and was valued at around $360 million after its last round in 2017. Its long list of investors include Andreessen Horowitz, Foxconn, GV, Greylock, NEA, Qualcomm Ventures and many more.
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Here is NYTimes illustration of Lytro's first product back in 2012:

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