GEAR

AR helmet maker Skully is DEAD.

Rumours on tech blog confirm company closure.

After last week’s news of the founders being ousted by the majority investors, it’s perhaps not that much of a suprise to learn today that Skully has officially closed its doors. After the CCO took control of the company early last week, we weren’t expecting things to go south quite so quickly however.

What was clear though is that the Indiegogo-backed company had been in trouble for some time, despite having raised around $15,000,000 in capital over the past two years.

Sadly, much of this money was raised via the crowdfunding website Indiegogo and it would appear that those ‘backers’ are unlikely to get their money back anytime soon; one of the major risks with a crowdfunding website is that the person laying their money down isn’t a ‘customer’ but rather an ‘investor’ in the idea being presented, so there is never a guarantee that you’ll actually receive what it is that you’re ‘paying for’.

According to Techcrunch, only around 50 units have successfully shipped within the two years of operations and as of Monday evening operations within the company have been ceased. Whilst the website is still live at the time of writing, all units are marked as ‘out of stock’ and it’s believed that a final message of communication will be sent out today to those customers who have already parted with their money.

skully-ar-1

“We’re disappointed Skully has closed its doors. We’ve been focused on the company’s success for nearly two years and have recently been trying to negotiate a funding round to keep it going,” Intel Capital said in a statement. “We’re certainly sorry for the employees who are losing their jobs, the crowdfunding backers whose investments didn’t work out and the customers who’d pre-purchased product. We continue to be excited by the promise of this kind of wearable technology.”

3 Comments

3 Comments

  1. Avatar

    RK

    July 27, 2016 at 11:41

    Like they had a chance.. Should have focused on developing the tech and sold it off.. but still a great concept

  2. Avatar

    Mcclenp

    July 27, 2016 at 13:39

    No big surprise unfortunately

  3. Avatar

    Paul Goodman

    August 6, 2016 at 10:29

    Deloren comes to mind. It was taking way to long to come to market.

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