"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."
Here is NYTimes illustration of Lytro's first product back in 2012:
No comments:
Post a Comment
All comments are moderated to avoid spam and personal attacks.