Once-hyped augmented reality startup Blippar has laid off all of its employees after collapsing into administration

Once-hyped augmented reality startup Blippar has laid off all of its employees after it collapsed into administration.
The company said it would wind down its augmented reality services after being unable to raise the necessary funding to stay alive.
The decision leaves loyal Blippar employees in a tough position before Christmas and may affect their pay.

Blippar, the once-hyped British augmented reality startup, has laid off all of its employees after falling into administration.

The administration process in the UK is similar to a company filing for Chapter 11 bankruptcy in the US.

Once-hyped augmented reality startup Blippar has laid off all of its employees after collapsing into administration – Business Insider Australia