Google reportedly to acquire Lytro for $40 million

Lytro first appeared on the scene in 2011 with its unique light field cameras that allow for refocusing of an image after it has been captured. However, after the concept failed to catch on in the consumer space, the company decided to abandon this market and focus on Light Field video solutions for professional users. More recently the inevitable happened and Lytro discontinued the pictures.lytro.com platform, which had allowed Lytro users to share their refocusable 'living' light-field images ...