Mojo Vision is developing Mojo Lens, the world’s first AR intelligent contact lens with a built-in display that delivers Invisible Computing. Now they are holding their production, and as a result, they are laying offing 113 employees from their company which means 75% workforce from their total headcount.
We’ve met with Mojo Vision for several CESes, watching the startup’s AR contact lenses develop, year by year. These sorts of things take a lot of time and money, of course, and these days it seems increasingly difficult to find either. Today, the California-based firm announced its “decelerating” work on the Mojo Lens, citing, “significant challenges in raising capital.”
Instead of focusing on Lens, Mojo is focusing its resources on the micro-LED technology that powers it. The company had developed a 14,000 PPI micro-LED display as the product’s foundation. “We believe micro-LED will disrupt the entire $160 billion display industry and our unique technology puts us at the forefront of this disruption,” Perkins adds. Along with the pivot, the company has also made a dramatic cut to headcount, reducing its staff by 75%. The lays will impact roles and divisions across the startup.