Funding

Meta raises $50M in Series B

53 Views

What does Meta do?

Meta, is pioneering tech leader in augmented reality. The company offer users a complete augmented reality experience; seeing, creating and interacting with the virtual apps and objects inserted in the real environment- display with wearable glasses, control with hand gestures. The company’s aim is building natural machines which seamlessly unite the real world and the virtual world. Its goal is leading the next evolution of personal computing through augmented reality, replacing laptops, desktops, smartphones and tablets with a more natural to use system set totally in a pair of glasses.

How much Meta was funded?

The company raised $50M in Series B on June 13, 2016 from GQY, Banyan Capital, Comcast Ventures, Lenovo, Tencent Holdings and Horizons Ventures.

Previous funding

  • Undisclosed amount on May 1, 2013 from Eniac Ventures, Y Combinator, Zillionize Angel
  • Undisclosed amount in 2014 on Fenox Venture Capital, VTF Capital (fka VegasTechFund), Danhua Capital
  • $23M in Series A on January 28, 2015 from Horizons Ventures, BOE Technology Group, Tim Draper, Garry Tan, Y Combinator, Alexis Ohanian,  Zappos and Danhua Capital.

What is next for Meta?

The company has unveiled Meta 2 at TED 2016 in Februrary. The company is delivering a new natural machine which builds on neuroscience principles for creating a totally intuitive experience which changes how people play, work, communicate and engage with each other. The company plans on using the latest funding raised for building on its software and hardware technology base, expanding business, including app development and development of next generation of technology, Meta 3.

More about Meta

The company was founded on December 1, 2012 by Meron Gribetz, Raymond Lo and Ben Sand. It has its headquarters in Redwood City, California. This company is leveraging neuroscience prinicples for developing new gen natural machines, combined software and hardware which are a vital extension of the way people work, communicate and connect.

 

 

 

Related Posts