Extended reality (XR) startup, Metadome.ai, has raised $6.5 million in Series A funding in a round led by Siana Capita and existing investor Chiratae Ventures, and new participation from Alteria Capital, 3 to-1 Capital, and Manish Choksi’s family office.
The company specialises in sales enablement using virtual reality (VR) and augmented reality (AR) solutions in home decor, e-commerce, and mobility. It plans to use the investment to broaden the business to new regions and enhance capabilities to provide advanced XR technologies merged with advancements in AI to consumers.
“Metadome.ai has revolutionised customer engagement through the use of its Xtended Reality (XR) platform which helps enterprises to go live almost instantly and also helps its customers in converting the engagement to business/revenue. This is ahead of the curve on a global basis and we expect Metadome.ai to scale rapidly on a global scale beyond our shores.” said, TC Meenakshisundaram, Founder and Vice Chairman of Chiratae Ventures.
Kanav Singla, Founder and CEO of Metadome.ai said in a statement, “Consumers often have a broken experience while browsing online and offline. In our commitment to them, we are building products in home decor, e-commerce, and mobility categories to create the highest converting and most engaging journey. We want to enable consumers to buy the right products through enhanced experiences. Our proprietary XR platform coupled with advanced AI tech is helping us get there faster.”
“We believe in the transformative potential of combining extended reality with AI to create immersive experiences. Our investment reflects our confidence in Metadome.ai's vision and their ability to lead the global market in delivering cutting-edge solutions”, said a spokesperson from Siana Capital.
Akshat Saxena, SVP of Alteria Capital added, “We are excited to partner with metadome as they continue to build a global product company from India. Their laser-sharp focus on getting the right GTM for overseas markets coupled with this capital raise puts them on a strong footing to scale the business and achieve desired milestones for all stakeholders”.
Since its inception in 2018, Metadome.ai has been growing organically. The customer base has more than doubled since last year, mentioned Kanav Singla.
“This funding round is poised to help Metadome.ai scale systems further and hire experts. We’re excited to enhance capabilities to build a strong team and tech,” said Kartik Kanaujia, Co-founder and CTO, Metadome.ai.
“With this funding, Metadome.ai aims to double down its position in markets including the US, SE Asia, and the Middle East, and advance its mission of offering clients unparalleled XR and AI capabilities to facilitate informed product discovery and buying decisions.” said, Shorya Mahajan, Co-Founder and COO, Metadome.ai.
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