After layoffs and a new $50 million investment, Lytro will concentrate on virtual reality and video
I guess the Lytro camera concept did not go so well. Re/code now reports that Lytro is going to cut "between 25 and 50 people from its 130 person workforce" after raising an additional $50 millions. The company is planning to concentrate on virtual reality and video in the future:
Lytro plans to use the new funding to make a strategic shift, taking its signature light-field technology into new areas, including video and virtual reality.
“We are going to have to make some cuts in some areas so we can staff up in some new ones,” CEO Jason Rosenthal told Re/code. “Fifty million dollars is a nice big number, but it is not unlimited. We had to make some pretty tough decisions.”
Lytro recently released their Mobile App v2.3.
Few months the company introduced new “Focus Spread” feature that allows you to pick the depth of field.
The first generation Lytro cameras are now heavily discounted.