Meta.vrs

Meta.vrs

Web-based platform for creating interactive 3D experiences

About

MetaVRse operates in the Extended Reality (XR) market, focusing on Virtual Reality (VR) and Augmented Reality (AR). The company provides a platform that allows users to create and share interactive 3D experiences on the web without needing extensive programming skills. This accessibility enables a wider audience to build immersive environments. MetaVRse serves various clients, including consumer electronics brands, educational institutions, and corporate training departments, significantly improving training outcomes for employees. The platform is web-based, compatible with multiple operating systems and devices, which simplifies deployment for clients. Revenue is generated through subscription fees, custom development services, and consulting. By offering a no-code or low-code solution, MetaVRse lowers the barrier for creating XR experiences, aiming to enhance the adoption of immersive technologies across different sectors.

Company Stage

Series A

Employees

11-50

Industries

VR & AR, Consumer Software, Education

Total Funding

$194.5K

Headquarters

N/A

Founded

2016


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Simplify's Take

What believers are saying

  • MetaVRse's partnerships with major brands like Mars-Wrigley and initiatives like TheMall.io highlight its potential for high-profile collaborations and large-scale projects.
  • The launch of Engine 2.0 and its developer beta indicates ongoing innovation and the potential for enhanced user experiences.
  • The company's success in diverse sectors, including medical device training and consumer electronics, demonstrates its versatility and broad market appeal.

What critics are saying

  • The rapidly evolving XR market could lead to increased competition, making it challenging for MetaVRse to maintain its unique position.
  • Delays in high-profile projects, such as the launch of TheMall.io, could impact client trust and future business opportunities.

What makes Meta.vrs unique

  • MetaVRse offers a code-optional platform, making it accessible to users without extensive programming skills, unlike many competitors that require specialized knowledge.
  • The platform's web-based nature eliminates the need for specialized apps or app stores, providing seamless access across various devices and operating systems.
  • MetaVRse's focus on improving training outcomes, as evidenced by significant improvements in test results, sets it apart in the corporate training sector.

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Growth & Insights
Headcount

6 month growth

-13%

1 year growth

-20%

2 year growth

-35%

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