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

New Leadership to Build Out World-Class Team to Take Company in New
Direction

SAN MATEO, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AR?src=hash” target=”_blank”gt;#ARlt;/agt;–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.

Contacts

PR
Beth Handoll
Handoll PR
beth@handollpr.com
415-535-8658