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, but opted instead to shut down and part ways, according to a source close to the …
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