Meural, a NY-based art-tech company, raised $5M in Series A funding.
The round was led by Corigin Ventures, with participation from Netgear, Resolute Venture Partners, and angel investors including Elio Leoni Sceti and Eric Ries.
The company, which has raised $9m to date, intends to use the funds to onboard major artists and museums into the Meural art library.
Founded in 2014 by Vladimir Vukicevic and Jerry Hu, Meural provides the Meural Canvas, a gesture-controlled digital art frame designed with proprietary technology, a combination of hardware, firmware, and algorithmic software engineered to display rich textured art and photography.
The Meural Canvas can be controlled via gesture or mobile app, and acts as a conduit to the company’s art library, an expertly-curated collection of artworks sourced from the catalogues of museums, collections, and artists, and spanning the past, present, and future of art.
In conjunction with the closing of the round, the company will be introducing the canvas in 137 brick and mortar retailers across six countries (U.S., Canada, U.K., Germany, France, and the Netherlands).