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Light-field camera pioneer Lytro is shutting down

The original Lytro camera let you refocus images after the fact
The original Lytro camera. Photo: Amazon.com

Lytro, which pioneered a new type of camera, is shutting down after being unable to find a financially viable market for its light-field technology. Many employees are heading to Google, but it's unclear exactly what they will be doing.

Why it matters: The company debuted to huge fanfare and raised a ton of money, but several pivots failed to lead to a sustainable business model.