Qualcomm and Harman-backed Navdy has contacted potential creditors as part of a bankruptcy process known as General Assignment for the Benefit of Creditors.
Navdy, a US-based visual driving technology developer backed by mobile chipmaker Qualcomm, has reached out to would-be creditors as it prepares to liquidate, TechCrunch reported yesterday.
Navdy is using a process known as General Assignment for the Benefit of Creditors, which enables Navdy Inc to transfer tangible and intangible assets to Navdy LLC for liquidation and winding down the business. Would-be creditors have until April 24 2018 to file a claim.
Founded in 2013, Navdy has created a control-based display…
