Meta Co.

Meta's primary products were the Meta 1 and Meta 2 Developer Kits. These headsets were tethered to an external PC and featured see-through optical displays, enabling developers to build applications where users could interact with computer-generated holograms in their real-world environment. The Meta 2, launched in 2016 for $949, was positioned as a competitor to Microsoft's HoloLens. The company's business model focused on selling these developer kits to software creators who would, in turn, build a content ecosystem for the hardware. Over its lifetime, Meta raised a total of $83.1 million in funding from investors including Y Combinator, Horizons Ventures, Lenovo, and Tim Draper.

Despite its early promise and significant funding, Meta faced challenges in securing further investment. In September 2018, the company was forced to furlough two-thirds of its workforce after failing to close a new venture capital round. By January 2019, Meta declared itself insolvent after its primary lender foreclosed on the company and sold all of its assets. Following the insolvency, a new company called Meta View acquired Meta's intellectual property in May 2019.