London-based augmented reality (AR) “unicorn” Blippar has found a buyer for its intellectual property (IP) assets, nearly started insolvency procedures.

An investment fund called Candy Ventures, which is an existing Blippar investor based in London, has revealed that it bought numerous assets relating to Blippar, including its name and the platform’s underlying technologies, in addition to the assets of Layar — an AR startup .

This will form the basis of a new company, also

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