One other firm has stopped engaged on good contact lenses


Picture of someone holding a mock version of the Mojo lens in their palm.
The corporate confirmed off its tech at CES 2020. | Picture: The Verge

One of many corporations engaged on good contact lenses is looking the mission off. On Friday, Mojo Imaginative and prescient introduced that it’s going to “pivot its enterprise and focus its sources” on the MicroLED show tech it constructed throughout its work on the Mojo Lens (by way of Axios). Sadly, a part of the pivot consists of shedding round 75 p.c of its employees because it restructures, based on a information publish from the corporate’s CEO, Drew Perkins. The corporate had round 150 workers, based on knowledge from PitchBook and LinkedIn.

The publish says the explanation for the change is that Mojo hasn’t been capable of preserve elevating cash to work on its good contact lens. “The slumping world economic system, extraordinarily tight capital markets, and the yet-to-be confirmed market potential…

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