What is Meta Co.?
Meta View, Inc., operating under the name Meta Co., is a spatial computing company established in late 2018. It emerged from the acquisition of Meta Company's assets by Olive Tree Ventures. Meta Co. aims to advance the spatial computing field by building upon the display system technology initially commercialized in the Meta 2 headset. The company is led by CEO Jay Wright, who brings over a decade of experience in augmented reality, including co-founding Vuforia and holding a Vice-President role at Qualcomm. Meta Co. is positioned to leverage its foundational technology and experienced leadership to drive innovation in the burgeoning spatial computing market.
How much funding has Meta Co. raised?
Meta Co. has raised a total of $83.3M across 5 funding rounds:
Series A
$23.1M
Series B
$50M
Debt
$10M
Debt
$150K
Debt
$45K
Series A (2013): $23.1M with participation from Y-Combinator, Horizons Ventures, and Commodore Partners
Series B (2016): $50M, investors not publicly disclosed
Debt (2017): $10M supported by Horizons Ventures
Debt (2020): $150K featuring PPP
Debt (2021): $45K backed by PPP
Key Investors in Meta Co.
Horizons Ventures
Horizons Ventures is an investment firm with over 20 years of experience supporting entrepreneurs in transforming startup ventures into successful companies. They actively engage with visionary entrepreneurs, providing equity financing and hands-on involvement.
Y-Combinator
Y Combinator, founded in 2005, is a startup accelerator that provides seed funding and mentorship to early-stage companies, helping them to grow and attract further investment.
Commodore Partners
Commodore Partners is a recruiting firm established in 2013, specializing in talent acquisition for startup and emerging technology companies, particularly in SaaS, AdTech/Martech, and Digital Media.
What's next for Meta Co.?
With the recent influx of substantial expansion capital, Meta Co. is poised for significant scaling and product development. The company's focus on spatial computing, a rapidly evolving sector, suggests strategic investments in research and development, talent acquisition, and market penetration. The enterprise-level funding indicates a trajectory towards broader commercialization and potentially establishing a dominant presence in the market. Future endeavors will likely involve enhancing the Meta 2 headset's successor technology and exploring new applications for spatial computing across various industries.
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