The story
While he was a researcher at Stanford, Ren Ng was photographing a friend's daughter and noticed, "it was incredibly difficult to focus the image properly and capture her fleeting smile in just the right way". After completing his Ph.D, Ng decided to use his experience in light field research to "start a company that would produce light-field cameras that everyone could enjoy." The company was originally named Refocus Imaging, before launching as Lytro.
Lytro board members included Ben Horowitz, general partner at Andreessen Horowitz; Patrick Chung, partner at NEA; and TiVo cofounder Mike Ramsay, with Charles Chi of Greylock Partners serving as Executive Chairman. Advisors included Intuit cofounder Scott Cook, VMware cofounder Diane Greene, Dolby Labs chairman Peter Gotcher and Sling Media cofounder Blake Krikorian.
In June 2011, Apple Inc CEO Steve Jobs purportedly met with Ng to discuss improvements for the iPhone camera.
Lytro founder Ng was Lytro's first CEO. Lytro's Chief Technology Officer Kurt Akeley was a founding member of Silicon Graphics. In June 2012 Ng announced that he would be changing roles and be Lytro's Executive Chairman focused on innovation. Charles Chi would change from Executive Chairman to interim CEO while Lytro's board began looking for a new CEO.
Lytro began shipping its first generation pocket-sized camera, capable of refocusing images after being taken, in 8 GB and 16 GB versions on February 29, 2012. In April 2014, the company announced Lytro Illum, its second generation camera for commercial and experimental photographers. The Lytro Illum was released at $1,600. The Illum has a permanently attached 30–250mm (35mm equivalent) f/2.0 lens and an articulated rear screen.
In 2015, Lytro laid off around twenty percent of its workforce to refocus on virtual reality (VR) applications. They announced Immerge, a very-high-end VR video capture camera with a companion custom compute server. Immerge was expected to ship in 2016, and be useful to studios trying to combine CGI-based VR with video VR. By this point, the company had received $140 million in 4 rounds from 8 investors.
On March 27, 2018, Lytro announced that it was shutting down operations. It was initially reported by TechCrunch that the company would be acquired by Google, but it was later clarified that Google would only take on a "large fraction" of Lytro employees and some corporate assets, with no plans to continue usage of Lytro's technologies. As of November 2018, the original Lytro website lytro.com redirected to Raytrix, a German manufacturer of scientific light field cameras.
From Wikipedia’s article on Lytro, shared under CC BY-SA 4.0.4
