<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5b2376981ae66247008b51db-1035/screen shot 2018-06-15 at 091614.png" border="0" alt="Ambarish Mitra Blippar" data-mce-source="Getty" /><p class="source"><span>Getty</span></p><p class="caption">Blippar CEO and cofounder Ambarish Mitra.</p></div><p></p></div></div></p><p>Blippar, the much-hyped British AR startup which once said it was worth $1.5 billion, has collapsed into administration.</p><p>Corporate insolvency firm David Rubin &amp; Partners announced on Monday that it has been appointed as the firm's administrators following an investor dispute. </p><p><em>More follows.</em></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/spacex-blue-origin-virgin-galactic-space-tourism-2018-9">How SpaceX, Blue Origin, and Virgin Galactic plan on taking you to space</a></h3>        <div>            <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/RmEqM9f6-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script>        </div>    </div>

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Much-hyped augmented reality startup Blippar has collapsed into administration

GettyBlippar CEO and cofounder Ambarish Mitra.Blippar, the much-hyped British AR startup which once said it was worth $1.5 billion, has collapsed into administration.Corporate insolvency firm David Rubin &amp; Partners announced on Monday that it has been appointed as the firm's administrators following an investor dispute. More follows. NOW WATCH: How SpaceX, Blue Origin, and Virgin Galactic plan on taking you to space function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);

GettyBlippar CEO and cofounder Ambarish Mitra. Blippar, the muchhyped British AR startup which once said it was worth 1.

Much-hyped augmented reality startup Blippar has collapsed into administration

Isobel Asher Hamilton,Isobel Asher Hamilton

NOW WATCH: How SpaceX, Blue Origin, and Virgin Galactic plan on taking you to space

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