SOLS Lays Off 20% of Staff Ahead of New Product Announcement

SOLS Lays Off 20% of Staff Ahead of New Product Announcement

By Tyler Koslow

Since being founded by Kegan Schouwenburg in 2013, the 3D printed insole company SOLS has appeared to be expanding in a strictly positive direction. They’ve successfully introduced their customized 3D printed insoles to over 40,000 physical therapists, and have steadily obtained funding from investors such as Founders Fund, Lux Capital, Melo7 Tech Partnets, and others (including $11.1 million in their 2015 Series B round). So, when it was announced late last week that SOLS was laying off 20% of their staff, I was personally surprised to say the least.…

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Source: 3dprintingindustry.com
SOLS Lays Off 20% of Staff Ahead of New Product Announcement