AR Headset Startup CastAR is Reportedly Shutting Down

Latest news

    According to a report from Polygon, augmented reality company CastAR is heading for a shutdown, laying off staff from the Palo Alto headquarters and its internal AR software development studio in Salt Lake City. CastAR’s consumer hardware was due to launch this year.

    Concept render of the CastAR headset and controller | Image courtesy CastAR

    When Valve shelved an internal AR project in 2013, former employees Jeri Ellsworth and Rick Johnson were allowed to take their research with them and spun out the company Technical Illusions— eventually renamed CastAR—initially running a successful Kickstarter campaign which raised over $1 million, followed by landing a $15 million Series A investment from VC Playground Global in 2015. Polygon reports that according to former employees, the venture firm declined to invest any more in the company last week, and that CastAR had “failed to land any Series B funding from other potential investors.”

    Following the initial article revealing CastAR’s woes, Polygon has since updated their report to clarify that a “core group of employees are working to try and sell the existing technology.”

    This unfortunate news comes during a wealth of positive developments in the field of AR technology. The recent screen-based AR solutions (such as Google Tango and Apple’s phone and tablet AR) and a number of AR headsets.

    A prototype development kit of the CastAR headset, circa 2015 | Photo by Road to VR

    CastAR’s tech was initially based on the novel use of dual projectors, which required a retro-reflective mat on which the images appear.

    CastAR’s VR clip-on concept art | Image courtesy CastAR
    View the original article: http://www.roadtovr.com/ar-headset-startup-castar-reportedly-shutting/

    Despite its advantages (particularly the ease of supporting multiple viewers), the approach required a number of tradeoffs, including portability (as you’d need to take one of the display mats with you in order to use the headset at another location—and seemed best suited for more niche tabletop gaming-like functionality (as the company has demonstrated on several occasions). The company had long claimed that an optical add-on would allow the device to double as a VR headset, though we never did get a chance to see the functionality demonstrated.

    The post AR Headset Startup CastAR is Reportedly Shutting Down appeared first on Road to VR.

    In the same category are

    Oculus Go to Hit UK & European Retailers This Month, Pre-orders Now Available Oculus today announced that Oculus Go, the company’s standalone 3DOF headset released last month, is finally available for pre-order through Ocu...
    NextVR Introduces NBA 2017-2018 MVP Highlight Reel in Virtual Reality NextVR, the VR video streaming platform the brings live events to headset users, is introducing the 2017-2018 season NBA MVP highlight reel on the Nex...
    ‘COMPOUND’ Creator Drops Details on Upcoming Update and Early Access Launch COMPOUND is an intriguing VR hobby project from developer Bevan “NotDead” McKechnie which drops players into a “rogue-lite, free-roa...
    Steam & Viveport Spring Sales Feature Big Savings on Top VR Titles If you’re still rebounding from Steam’s Winter sale a few months ago, well, your wallet is in for some ‘Spring cleaning’ as bo...
    ANTVR to Launch $500 ‘Mix’ AR Headset on Kickstarter in May AntVR, the Beijing-based company known for their 2014 VR headset Kickstarter, is launching a new crowdfunding campaign soon focusing on a hybrid AR he...
    Firmware Update Brings Vive Pro Audio Improvements, HTC Looking into Reports of Screen Issues Following a small rash of reports from new Vive and Vive Pro users, HTC says they’re looking into issues regarding mismatched display brightness...

    Leave a comment

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.