- General
- May 28, 2019
- 4 minutes read
Meta Gets New Life As New Company
The Meta 2 AR headset image: Meta Meta — the AR hardware maker once valued at $300 million before struggles…
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| The Meta 2 AR headset
image: Meta
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Meta — the AR hardware maker once valued at $300 million before struggles that led to a fire sale — is getting new life as Meta View, a new San Mateo headquartered spatial computing company that’ll be led by Jay Wright, a former Qualcomm Vice-President and co-founder of Vuforia, a Qualcomm-incubated AR platform that sold for $65 million to IoT software maker PTC in 2015.
Wright led Vuforia from inception at Qualcomm in 2008 to become a top AR development platform for head-worn and handheld devices with more than 450,000 developers and 50,000 apps in its ecosystem. The newly formed Meta View came about by the purchase of intellectual property assets held by a lender to the previous Meta. Meta View says it’s a “wholly new and unaffiliated entity” to the former Meta.
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| Meta former CEO Meron Gribetz
image: Meta
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Meta View will continue to support current owners of Meta 2, Meta’s core AR headset, but will not be selling more of it. The newly formed company is hiring for roles in San Mateo, San Diego, and Tel-Aviv, hinting some big ambitions. Meta’s founding CEO Meron Gibetz is not mentioned anywhere in a press release put out by Meta View, so it’s unknown if the has a role in the newly formed company.
