Juicero and 2017's other failed start-ups

The agency behind Juicero, a wi-fi linked juicing machine, has introduced that it’s shutting down.

Juicero raised round $120m (£92m) in funding to develop the machine, which retailed within the US at $399.

The firm said that it couldn’t create an “efficient manufacturing and distribution system” by itself.

The machine was broadly mocked when it was revealed that the pouches of fruit and veg which it changed into juice might simply be squeezed by hand.

Listed below are 4 different tech start-ups we’ve got stated goodbye to in 2017.

Jawbone

Health tracker agency Jawbone began liquidation proceedings in June.

Its merchandise have been among the many first health trackers in the marketplace and it was as soon as valued at greater than $3bn.

The agency had been silent on social media for a number of months and clients with damaged gadgets had contacted the BBC to say they might not get a response.

Jawbone trackers are nonetheless available for purchase from web sites together with Amazon.

Yik Yak

The nameless messaging app had raised greater than $73m in funding and was at one time valued at $400m.

The platform was massively well-liked with faculty college students but it surely was additionally plagued with incidents of on-line harassment and bullying. The agency tried to implement everlasting log-ins but it surely proved unpopular.

Yik Yak introduced that it could shut firstly of the educational yr.

Its web site has now disappeared however in a weblog publish printed on the time of the announcement, founders Brooks Buffington and Tyler Droll thanked Yik Yak customers for being “essentially the most passionate on the planet”.

Lily

Autonomous drone agency Lily shut down in January with $34m in pre-orders which it promised to refund.

Its product – a water-proof machine with a digicam onboard – was designed to be thrown into the air and will observe customers for as much as 20 minutes through a wristband.

“We’ve got been racing towards a clock of ever-diminishing funds,” wrote the corporate’s co-founders, Henry Bradlow and Antoine Balaresque, to clients.

“Over the previous few months, we’ve got tried to safe financing with a purpose to unlock our manufacturing line and ship our first items – however have been unable to do that.”

A drone referred to as Lily Subsequent-Gen is now out there to order from the Mota Group, which purchased the branding rights, but it surely doesn’t have the identical performance.

Beepi

Beepi was a digital used automobile market that raised $150m and had at one time been valued at $560m.

It started promoting off its belongings in February 2017.

A report by news site TechCrunch recommended Beepi had confronted organisational points and had spent cash unwisely. Its founders denied this and stated it was a “unhappy time” for the agency.

“The Beepi spirit lives on. Down, however not out,” they wrote.

Its web site now redirects to a automobile shopping for platform referred to as Vroom.

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Printed at Mon, 04 Sep 2017 16:26:06 +0000