High Tech > Tech

AR pioneer Blippar is going out of business

3 monthes ago   |   By Engadget

Pioneering augmented reality startup Blippar, once touted as a $1.5 billion British tech unicorn, has stumbled into administration. The company said that it failed to secure the funding it needed to reach profitability following a dispute with one of...
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AR startup Blippar crashes and burns, a single shareholder blamed

3 monthes ago   |   By ZDnet

The augmented reality startup says one investor is the reason for the need to go into administration.
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Hyped AR startup Blippar crashes into financial reality

Hyped AR startup Blippar crashes into financial reality

3 monthes ago   |   By The Verge

London-based augmented reality startup Blippar, which once claimed to be valued at $1.5 billion, has gone into administration .
The company announced the news on Monday, blaming a dispute between investors for the move. A major shareholder, Malaysian sovereign wealth fund Khazanah Nasional, blocked an emergency $5 million round of funding for the startup, which lost £35 million in 2017. The funding round would have diluted Khazanah's share in the company.
Blippar will now be sold off to whoever will take it
Corporate insolvency firm David Rubin & Partners has been appointed as Blippar's...
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