Brilliant, maker of smart home controllers and smart light switches, is out of money. CEO Aaron Emigh confirmed in an exclusive interview with The Verge that the company has laid off the majority of its staff, shut down its support center, and is no longer selling its products. However, the company is maintaining its servers, and existing devices are continuing to operate in customers' homes.
But for exactly how long is a question Emigh couldn’t answer. “Indefinitely, I hope, but ultimately, it’s not in my hands,” he said, explaining that the company has entered an asset sale phase and is looking for a buyer following the failure of its Series C round to raise capital or find an acquisition company. “[The company] will be sold. We have...
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