Monday, June 26, 2017
Pearl Automation Shuts Down After Poor Sales of Its $500 Vehicle Backup Camera
Pearl Automation, the vehicle accessory company founded by ex-Apple engineers and which debuted its $500 “RearVision” wireless backup camera system just one year ago, has shut down following poor sales of the device, reports Axios. What happened: Early product sales disappointed, which was exacerbated by a high burn rate. What next? The Pearl Automation team received several “acqui-hire” offers,
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