Remembering the startups we lost in 2022
A commonly cited figure suggest that 90% of these companies will ultimately fail. But even with that in mind, 2022 just hit different.
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A commonly cited figure suggest that 90% of these companies will ultimately fail. But even with that in mind, 2022 just hit different.
Without releasing any announcement to its users, the smart-lighting company Insteon shut down abruptly on mid April, saying afterwards that the company is going out of business because of the pandemic and supply chain problems.
Insteon as a company was recently reported to have silently died following user reports that its smart home devices are not working.
Smart home hardware and software company Insteon appears to have abruptly gone out of business, shut down their servers, and isn't responding to users, leaving adopters without working home automation systems.