American AR Meta Gains Chinese Stamp Of Approval
American augmented reality technology company Meta announced the completion of its USD50 million round of funding and its major investors included Horizons Ventures Limited, Lenovo, Tencent, Banyan Capital, Comcast Ventures, and GQY.
Meron Gribetz, chief executive officer of Meta, said that Meta integrates the leading optical solutions with an interactive system designed basing on neuroscience principles. Compared with traditional products, it is easier to use and features stronger functions for users.
Yue Bin, founding partner of Banyan Capital, said that Meta may be the only start-up that can directly compete with large companies such as Microsoft and Magic Leap in the AR sector. Other Chinese firms like Lenovo and Tencent added to the Sino flavoring of this latest round of investment.
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