Augmented Reality Startup Meta Closes $50M Series B Funding

metaMeta, a Redwood City, CA-based Augmented Reality (AR) startup, closed a $50m Series B round of funding.

Bakers included Horizons Ventures Limited, Lenovo, Tencent, Banyan Capital, Comcast Ventures, and GQY.

The company plans to use the funds for building upon its hardware and software technology base, business expansion, including app development, and developing the next generation of its technology, Meta 3.

Led by Meron Gribetz, CEO, Meta leverages the principles of neuroscience to develop a new generation of natural machines, combined hardware and software that are an extension of how people work, connect and communicate. The company’s see-through glasses allow wearers to manipulate 3D content using natural hand gestures.



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