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February 1, 2015 AT 3:47 am

Meta Raises $23M in Series A Funding #makerbusiness @metaglasses #AugmentedReality

FinSMEs | Meta Raises $23M in Series A Funding.

Meta, a Portola Valley, CA-based developer of Augmented Reality glasses, raised $23m in Series A funding.

The round was led by Horizon Ventures, Tim Draper, BOE Optoelectronics and Y Combinator partners Garry Tan and Alexis Ohanian, Danhua Capital, Commodore Partners and Zappos Founder Tony Hsiech’s Vegas Tech Fund.

Led by Meron Gribetz, CEO, Prof. Steve Mann, CSO, and Prof. Steve Feiner, Meta provides holographic glasses that see through display and allow users to see, create and interact with digital objects shown in physical space.

The company has shipped its first product, the Meta 1 Developer Kit after a $194k Kickstarter campaign that ran in June 2013 (read here). Coupled with independent funding, they raised a total of $2 million by the end of the campaign.

Now, over 1500 developers and companies such as the world’s largest architecture firm Arup, Salesforce and Stanford University based company, SimX are building augmented reality applications with its SDK.

Read more.


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