Kazanah Nasional is reportedly blocking emergency funding for the Qualcomm-backed AR technology developer, which has raised some $137m while trying to locate a sustainable business model.

Blippar, a UK-based augmented reality (AR) technology developer backed by mobile chipmaker Qualcomm, is struggling to avoid insolvency, TechCrunch reported yesterday, citing a statement provided by the company. Blippar originally launched in 2011 as a marketing agency that enabled brands to purchase augmented reality advertisements in magazines or overlaid on real-world objects. The company has…

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