Crunchbase says they have 11-25 employees... how did they burn through all of that money? Is it possible they are pivoting or returning money to investors?
From the article it doesn't sound like they ran out of money, sounds like the growth has stalled and key talent has left. I bet the money goes back to investors, it doesn't sound like the team is still in place to pivot.
They haven't. The article says they're returning the money.