BUSINESS: Financial Meta Raises $50 Million to Accelerate Delivery of Its AR Technology By Staff Monday, June 20, 2016 12:23 AM REDWOOD CITY, Calif.—Meta, a pioneer in the fast growing field of Augmented Reality (AR), closed a $50 million Series B round of funding last week. The round includes significant participation by Horizons Ventures Limited, Lenovo, Tencent, Banyan Capital, Comcast Ventures and GQY, the company said.Observers of the tech industry have called Meta 2 one of the most significant technologies in years. Meta describes its technology as a new “natural machine” that builds on the principles of neuroscience to create a completely intuitive experience that transforms how people work, play, communicate and engage with each other.“It is incredibly gratifying to have the support of big thinkers and investors who understand the importance of creating a new human-computer interface, anchored in science,” said Meron Gribetz, CEO of Meta. “Our friends at Tencent, Lenovo, Horizons Ventures, Comcast Ventures and all the other investors really get what we’re doing and why Meta is different from the other players in AR. They understand that the combination of our advanced optical engines along with our neuroscience-based interface design approach are what will create a computing experience that is 100 times easier to use and more powerful than traditional form factors.”Meta said it plans to use funds raised in the Series B round for building upon its hardware and software technology base, business expansion, including app development, and developing the next generation of its technology, Meta 3.A Meta product specialist gave optical industry executives a preview of the company’s technology at Vision Monday’s 2015 Global Leadership Summit.