AR company is building tech to rival Magic Leap and the Microsoft HoloLens
Avegant, an augmented reality startup once hoping to become a rival to the Microsoft HoloLens, has reportedly reduced its headcount from up to 50 employees to fewer than 20 in recent weeks.
Just a year ago, the Silicon Valley-based startup had shown off an AR headset which blends the wearer’s real environment with digitally produced images, video and a user interface. In that sense, Avegant’s device was the same as the Microsoft HoloLens and the prototypes of mysterious AR startup Magic Leap.
Avegant’s light field display technology, the same Magic Leap claims to be using, was said by those who tried it to offer a better experience than the $3,000 developer version of HoloLens.
Prior to its work on AR and so-called mixed reality technologies, Avegant produced and sold a headset design to offer a personal cinema experience. Such devices are not built to work with virtual reality, but instead offer a large, high resolution video display in a headset and are aimed at frequent fliers.
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Source: gearbrain