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Meta View, Inc Announces the Acquisition of Meta Company Assets; Hires Jay Wright as CEO

May 28, 2019

SAN MATEO, Calif.--(BUSINESS WIRE)--May 28, 2019--

Meta View, Inc., a new spatial computing company, today announced the acquisition of Meta Company’s assets. The previous company captured global recognition for its Meta 2 headset and its wide field-of-view (FOV) display system that provided users an immersive view of digital content on the physical world. Jay Wright, former Qualcomm Vice-President and Vuforia Co-Founder and President will take the reins as CEO of Meta View, injecting a fresh focus and experienced leadership to chart the new company on a new course.

Meta View is a wholly new and unaffiliated entity, backed by Olive Tree Ventures and BNSG Capital. Olive Tree purchased intellectual property assets from Meta Company’s lender and formed Meta View. Mayer Gniwisch, General Partner at Olive Tree Ventures comments: “We remain extremely bullish on the potential for spatial computing. Our belief was so strong that we did a somewhat non-traditional VC deal to acquire the assets, start a new company and find a new CEO with a vision and focus we believed in.”

“The potential for spatial computing is intoxicating,” said Jay Wright, CEO Meta View. “It has fostered a highly competitive and dynamic landscape that I’ve traversed for more than a decade. This experience and insight have equipped me to identify a different approach, and I couldn’t be more excited to build a new company, a new product, and a world-class team to drive it forward.”

At Qualcomm Wright led Vuforia from inception in 2008 to the most widely used augmented reality development platform for handheld and headworn devices with more than 450,000 developers and 50,000 applications in the App Store and Google Play. Upon PTC’s acquisition of Vuforia, Wright expanded Vuforia beyond developers with the release of Vuforia Chalk, a remote assistance solution described as the future of education, service and support.

“Jay brings a broad perspective and a fresh strategy to the table,” said Manor Zemer of Olive Tree Ventures. “He has a deep understanding of AR applications, technologies, and barriers to adoption and is uniquely positioned to take his expertise and apply it to developing a product that marries both technology capabilities and market need, driving real value.”

The new company will continue to support current owners of Meta 2 devices but will not offer the Meta 2 for sale. The company is headquartered in San Mateo, CA and is hiring for roles in San Mateo, San Diego and Tel-Aviv. Interested candidates can contact the company at careers@metavision.com.

About Meta View

Meta View, Inc. is a spatial computing company founded by Olive Tree Ventures in late 2018 following the purchase of Meta Company’s assets. Meta View will build on the groundbreaking display system first commercialized in the Meta 2 headset. Jay Wright, the newly hired CEO comes with over a decade of experience in augmented reality, previously as Co-Founder and President of Vuforia and Vice-President at Qualcomm. The company is backed by Olive Tree Ventures and BNSG Capital and headquartered in San Mateo, CA. For more information please visit: http://www.metavision.com, Twitter, LinkedIn, Facebook.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190528005182/en/

CONTACT: PR

Beth Handoll

Handoll PR

beth@handollpr.com

415-535-8658

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS HARDWARE SOFTWARE AUDIO/VIDEO

SOURCE: Meta View, Inc.

Copyright Business Wire 2019.

PUB: 05/28/2019 09:00 AM/DISC: 05/28/2019 09:00 AM

http://www.businesswire.com/news/home/20190528005182/en

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