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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.

In a blog post, Lytro said it is preparing "to wind down the company" and has stopped taking on new production efforts. Most recently the company has been focused on using its technology for high-end production.

History lesson: Lytro's first product was a point and shoot camera that could refocus images after they had been taken. A successor aimed at the "prosumer" market with a more SLR-style camera. The company had raised more than $200 million over the years, per Crunchbase.

It has been an honor and a pleasure to contribute to the cinema and Virtual Reality communities, but starting today we will not be taking on new productions or providing professional services as we prepare to wind down the company. We’re excited to see what new opportunities the future brings for the Lytro team as we go our separate ways.
— Lytro statement

A Google representative confirmed to Axios that some of the Lytro team is joining Google but declined further comment on what team or teams they are joining and what they will be working on.

A Lytro representative was not immediately available for comment.

Go deeper

2 hours ago - Politics & Policy

Trump to issue at least 100 pardons and commutations before leaving office

Photo: Mandel Ngan/AFP via Getty Images

President Trump plans to issue at least 100 pardons and commutations on his final full day in office Tuesday, sources familiar with the matter told Axios.

Why it matters: This is a continuation of the president's controversial December spree that saw full pardons granted to more than two dozen people — including former Trump campaign chair Paul Manafort, longtime associate Roger Stone and Charles Kushner, the father of Trump's senior adviser and son-in-law, Jared Kushner.

  • The pardons set to be issued before Trump exits the White House will be a mix of criminal justice ones and pardons for people connected to the president, the sources said.
  • CNN first reported this news.

Go deeper: Convicts turn to D.C. fixers for Trump pardons

Schumer's m(aj)ority checklist

Senate Minority Leader Chuck Schumer. Photo: Tasos Katopodis/Getty Images

Capitalizing on the Georgia runoffs, achieving a 50-50 Senate and launching an impeachment trial are weighty to-dos for getting Joe Biden's administration up and running on Day One.

What to watch: A blend of ceremonies, hearings and legal timelines will come into play on Tuesday and Wednesday so Chuck Schumer can actually claim the Senate majority and propel the new president's agenda.

The dark new reality in Congress

National Guard troops keep watch at security fencing. Photo: Kent Nishimura/Los Angeles Times via Getty Images

This is how bad things are for elected officials and others working in a post-insurrection Congress:

  • Rep. Norma Torres (D-Calif.) said she had a panic attack while grocery shopping back home.
  • Rep. Jim McGovern (D-Mass.) said police may also have to be at his constituent meetings.
  • Rep. Adam Kinzinger (R-Ill.) told a podcaster he brought a gun to his office on Capitol Hill on Jan. 6 because he anticipated trouble with the proceedings that day.

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