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Sightful disbands hardware division; moves to develop AR software instead
Extended Reality
Jul 2, 2024
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Extended Reality

Extended Reality

Jul 2, 2024

Sightful disbands hardware division; moves to develop AR software instead

Management news

  • Sightful, the creators of the Spacetop AR laptop, announced that it would disband its hardware division, aligning with a long-term strategic decision to develop AR software instead. The company also laid off 20 employees as part of the restructuring.

  • The company explained that “rapid” advancements in the “broader” market aligned with the firm’s long-term strategic vision to scale staffing down, focusing on software, and “bringing AR productivity to as many people as possible.”

  • Analyst QuickTake: Sightful likely faced heavy competition from Meta's Quest 3 and Apple's Vision Pro headsets. These products also offer productivity-focused capabilities, such as large virtual canvases, a key selling point for Sightful's AR laptop.

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