Mojo Vision, a startup that had embarked on a years-long effort to create a smart contact lens with a built-in display, is pivoting from that focus and laying off three-quarters of its staff.
on Friday that it is shifting its near-term work to focus on the micro-LED display technology it developed for use in the smart contact.: The company demonstrated a working prototype last year, but commercialization was still years off.
"Even as we made important product development progress, Mojo has faced significant challenges in raising capital," CEO Drew Perkins said in a blog post. "The slumping global economy, extremely tight capital markets, and the yet-to-be proven market potential for advanced AR products have all contributed to a situation where Mojo Vision has been unable to find additional private funding to continue its development of Mojo Lens."Google has invested in trying to develop lenses that can be used to measure blood glucose, though this has proven to be tricky.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jan. 6 Committee Experiment Found TikTok Went From Zero To Nazi in 75 MinutesThe platform has largely escaped notice in the public battles over content moderation, but it’s not immune from hateful extremism
Read more »
Leonard M. Minus, electronics entrepreneur, church leader, teacher, and mentor, has died at 75He owned and operated Jay Bee Radio on Lancaster Avenue in West Philadelphia for 34 years and served as a church leader at Unity Temple Worship Center and Restoration Station Christian Fellowship.
Read more »
Former State Senator Russell Pearce dead at 75, family announcesFormer Arizona State Senator Russell Pearce has died at age 75, according to his family. Pearce, a Republican from Mesa, reportedly died after falling ill at his Mesa home earlier this week.
Read more »
Russell Pearce, former Arizona state lawmaker, dead at 75Russell Pearce, an Arizona state lawmaker who became known for his role in the passage of a controversial immigration bill, has passed away.
Read more »
Russell Pearce, who sponsored Arizona's controversial Senate Bill 1070, dies at 75An advocate for stricter immigration laws, the former Arizona Senate president and main sponsor of the controversial SB 1070 died Thursday.
Read more »