Metadome.ai is an extended reality startup that raised $6.5 million from Siana Capital and Chiratae Ventures in its mix of equity and debt series A funding round. The round had the participation of several new investors including Aliteria Capital, and 3to-1 Capital. The startup plans to use this fresh capital to scale its operations, enhance its AI capabilities, expand its services, and market expansion while providing more innovative solutions.
The company provides augmented reality solutions in the e-commerce, home decor, and mobility sectors. The startup intends to strengthen its market presence in Southeast Asia, the US, and the Middle East market. Metadome previously secured 4 million USD from Chiratae Ventures during its pre-series A funding round in 2021. The company currently has clients including Tata Motors, Hero MotoCorp, Hewlett Packard, and Asian Paints, among others. The firm partnered with Hippo Homes to introduce its virtual reality experience in new stores in Greater Noida to allow customers to explore home decor solutions using virtual reality.
The XR company has secured around 4 million USD across multiple funding rounds since its inception. The firm aims to transform the experience of virtual reality across the globe using various advanced AI technologies. The startup provides a cloud-based customer experience to its customers with its 3D and XR technologies to its customers. The company claims to have a two-fold increase in its customer base in the last few years. The startup faces competition from other extended reality companies such as Liminal, SmartVizX, Scapic, GMetri, and Embright Infotech. The company mainly focuses on increasing its network and expanding its services into the Middle East through its partnerships.
Metadome reported plans to expand its customer base and strengthen its position in the Middle East and the US XR markets. The company is also part of Google’s startup program and NVIDIA’s inception. The development came just when the extended reality sector got increased interest from investors in the global startup ecosystem. The virtual reality and XR market is predicted to grow more in the next few years. The reports mentioned that the extended reality sector raised around 1.9 billion USD in investment highlighting the importance of augmented reality, virtual reality, and 3D in improving the overall customer buying experience and post-sale cycles.
Conclusion:
Metadome.ai is an extended reality AI startup that secured 6.5 million USD in its ongoing series A funding round led by the Siana Capital and Chiratae ventures. The round saw the participation of several new investors including Alteria Capital. The company offers a platform with augmented reality solutions for home décor, e-commerce, and other sectors. The company intends to use this investment to enhance its AI capabilities and expand in the Middle East, Southeast Asia, and the US market. The startup partnered with Hippo Homes to launch its virtual reality experience in new stores in Greater Noida. Metadome reported a two-time increase in its customer base in the past years.
