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An AR glasses pioneer collapses

In the first days of 2017, Osterhout Design Group arrived at CES with a two-story booth and huge promises. The startups founder, Ralph Osterhout, wanted to take the small San Francisco-based company even further past its military contractor roots in AR, building out major enterprise and consumer businesses with flashy new product lines. The company had just raised $58 million, and the Las Vegas electronics show served as its launchpad for its R-8 and R-9 augmented reality glasses lines that Osterhout hoped would bring glasses to the masses.
Less than a year later, however, the company had burned through its funding and couldnt pay employees. By early 2018, ODG had lost half of its workforce as it sought loans to pay back employees. Today, a skeleton crew awaits a patent sale less than a week away after acquisitions from several large tech companies, including Facebook and Magic Leap, fell through, multiple sources tell TechCrunch.
An AR glasses pioneer collapses
ODG founder and CEO Ralph Osterhout
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