The hype around wireless charging startup uBeam got way ahead of reality, say former engineers
Meredith Perry uBeam
Meredith Perry uBeam

(YouTube)
Meredith Perry, founder of uBeam.

The idea was audacious from the start.

In 2011, Meredith Perry and Nora Dweck took the stage at a high profile tech conference and demonstrated how you can charge your phone wirelessly by beaming ultrasonic rays at it.

Since then, the company has amassed over $23 million in venture funding to get rid of the power cord all together.

The only problem? The company likely won't be able to deliver on the promise, according to some of its former engineers.

In a tell-all blog, uBeam's former VP of Engineering, Paul Reynolds, has been harshly criticizing the company. He left in October 2015 and didn't sign a non-disparagement agreement, nor is he sharing proprietary information, he told Business Insider.

Another former engineer stood by Reynolds' take on the company, and a third confirmed his expertise in ultrasound acoustics without commenting on uBeam specifically.

These people say that the root of the problem is that what the company has been selling to the press and to investors is years ahead of what's actually been worked on. It may be entirely impossible to build.

If it sounds like what's been happening at Theranos, the biotech company whose technology has been called into question, it's because the engineers feel the parallels are all "too similar."

Creating the story

Perry first demonstrated uBeam's potential onstage at a conference in 2011. Her idea wowed the crowd, and she and her cofounder Dweck started working on what would become uBeam. However, that cofounder relationship quickly disintegrated with both parties suing each other.

By 2014, though, Perry had already raised a small seed round from investors like Andreessen Horowitz and Founder's Fund and begun work with her new CTO Marc Berte, Reynolds, and other engineers. Berte, Reynolds, and Perry hit the road to raise a Series A fundraising round. Upfront Ventures' partner Mark Suster wrote at the time that Berte and the MIT group of engineers were one of the reasons he was sold on the company.

"Could we produce this at cost? At scale? Here is where having Marc Berte and a team out of MIT who have designed systems like this for years gave one confidence we could do something others couldn’t copy and at price points that could make us market leaders over night," Suster wrote.

Yet, two years later, all of uBeam's original engineering team have left the startup, with some engineers leaving before they even vested their stock. "I do not know of any engineers who have left after me who have exercised their stock," Reynolds told Business Insider. "Some have left two to four weeks prior to their vesting periods."