I've been rooting for Lynx since before they had a working prototype. A scrappy French startup trying to build a standalone mixed-reality headset from scratch, with open-source software and genuine technical ambition? That's exactly the kind of company this industry needs more of. So writing this one stings.
French court documents published on BODACC (the country's official bulletin for legal status changes) confirm that SL Process, the parent company behind Lynx Mixed Reality, entered judicial liquidation following a ruling by the Economic Activities Court of Nanterre on March 19, 2026. Under French insolvency law, judicial liquidation means restructuring has failed. The company's assets and intellectual property will be sold to cover debts.
What happened
The short version: Lynx ran out of runway.
CEO and founder Stan Larroque has described SL Process as a "shell company" parent to Lynx Mixed Reality, and it's unclear whether the Lynx Mixed Reality entity itself is affected by this filing. Road to VR reports they've reached out for comment but haven't heard back.
The bigger picture is hard to ignore. Lynx raised just $6.8 million total according to Crunchbase, plus roughly $800,000 from a 2021 Kickstarter campaign. For context, that's less than what some Bay Area startups spend on office furniture. Building hardware, writing an operating system, and shipping globally on that budget was always going to be a tightrope walk with no net.
Larroque said as much in mid-2024, calling the fundraising environment for XR hardware in Europe "excruciating."
The R2 that almost was
This is what makes it sting. The Lynx-R2 looked genuinely interesting on paper: 126 degrees of horizontal field of view using aspheric pancake lenses developed with Israeli startup Hypervision. Qualcomm Snapdragon XR2 Gen 2 processor, 16GB of RAM, 128GB storage, dual 2312x2160 LCDs at 90Hz, full-color passthrough with depth sensing. That FOV number would have been the widest of any standalone headset on the market. UploadVR's specs breakdown confirmed the hardware was real and competitive.
Then Google pulled the rug. In November 2025, Google terminated Lynx's agreement to use Android XR, the operating system that was supposed to give the R2 a real software ecosystem. Lynx called it a "surprising turn of events" and pivoted back to LynxOS, their open-source Android fork. Google confirmed it was still working with Samsung and Xreal but wouldn't comment on what happened with Lynx.
