- XR startup Metadome.ai raises $6.5 million in Series A funding led by Siana Capital, with plans to expand globally and enhance AI integration.
- Founded in 2016, Metadome.ai focuses on boosting sales through VR and AR solutions, partnering with major companies like HP, Tata Motors, and Asian Paints.
Extended reality (XR) startup Metadome.ai (formerly Adloid) has raised $6.5 million in Series A funding through a mix of equity and debt. The round was led by Siana Capital, with participation from existing investor Chiratae Ventures and new investors Alteria Capital, 3to-1 Capital, and Manish Choksi’s family office.
Metadome.ai plans to use the newly raised funds to expand into new regions and enhance its XR technologies by integrating advancements in artificial intelligence (AI), according to a company press release.
“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.
Metadome, founded in 2016 by Kanav Singla, Shorya Mahajan, and Kartik Kanaujia, focuses on boosting sales through virtual reality (VR) and augmented reality (AR) solutions in home decor, e-commerce, and mobility. They collaborate with companies such as Hewlett Packard (HP), Tata Motors, Hero MotoCorp, and Asian Paints.
“Consumers often have a broken experience while browsing online and offline. In our commitment to them, we are building products in home decor, ecommerce, and mobility categories to create the highest converting and most engaging journey,” said Kanav Singla, Founder & CEO of Metadome.ai.
“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,” he added.
Metadome.ai has been growing steadily, with its customer base increasing since last year, according to the company. In December 2021, the Gurugram-based startup raised $4 million in a pre-Series A funding round led by Chiratae. And recently, the company teamed up with Hippo Homes to offer a virtual reality experience at their new store in Greater Noida, allowing customers to explore home improvement options.
Edited by Harshajit Sarmah
