Iridium networks [0] initially launched with lots of capital and kind of only made it after stuff was sold at bankruptcy prices. Although I don’t think they are phenomenally successful.
I think there were a few dot coms that got bought out of bankruptcy by larger firms, maybe pets.com and toys.com (although toysrus is gone now).
Polaroid [1] too although I think that’s more branding than technology.
[0] https://en.wikipedia.org/wiki/Iridium_Communications [1]
I don't see that happening but do you have examples where that strategy has worked (in tech)?