{"id":154902,"date":"2023-01-08T12:24:56","date_gmt":"2023-01-08T18:24:56","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/01\/mojo-vision-puts-contact-lens-production-on-hold-as-it-lays-off-75-of-staff"},"modified":"2023-01-08T12:24:56","modified_gmt":"2023-01-08T18:24:56","slug":"mojo-vision-puts-contact-lens-production-on-hold-as-it-lays-off-75-of-staff","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/01\/mojo-vision-puts-contact-lens-production-on-hold-as-it-lays-off-75-of-staff","title":{"rendered":"Mojo Vision puts contact lens production \u2018on hold\u2019 as it lays off 75% of staff"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/mojo-vision-puts-contact-lens-production-on-hold-as-it-lays-off-75-of-staff2.jpg\"><\/a><\/p>\n<p>We\u2019ve met with Mojo Vision for several CESes, watching the startup\u2019s AR contact lenses develop, year by year. These sorts of things take a lot of time and money, of course \u2014 and these days it seems increasingly difficult to find either. Today, the California-based firm <a href=\"https:\/\/www.mojo.vision\/news\/a-new-direction\" target=\"_blank\" rel=\"noopener\">announced<\/a> that it is \u201cdecelerating\u201d work on the Mojo Lens, citing, \u201csignificant challenges in raising capital.\u201d<\/p>\n<p>In an announcement posted to it site, CEO Drew Perkins blames insurmountable headwinds, including the bad economy and the \u201cyet-to-be proven market potential for advanced AR products\u201d in its ability to raise the necessary funding required to keep the project afloat.<\/p>\n<p>\u201cAlthough we haven\u2019t had the chance yet to see it ship and to reach its full potential in the marketplace, we have proven that what was once considered science fiction can be developed into a technical reality,\u201d Perkins writes. \u201cEven though the pursuit of our vision for Invisible Computing is on hold for now, we strongly believe that there will be a future market for Mojo Lens and expect to accelerate it when the time is right.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019ve met with Mojo Vision for several CESes, watching the startup\u2019s AR contact lenses develop, year by year. These sorts of things take a lot of time and money, of course \u2014 and these days it seems increasingly difficult to find either. Today, the California-based firm announced that it is \u201cdecelerating\u201d work on the Mojo [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1498,11,1523,39],"tags":[],"class_list":["post-154902","post","type-post","status-publish","format-standard","hentry","category-augmented-reality","category-biotech-medical","category-computing","category-economics"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/154902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=154902"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/154902\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=154902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=154902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=154902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}