Mira, the augmented-reality startup based in Los Angeles, announced last week it raised $10 million in funding led by Sequoia, Happiness Ventures and Blue Bear Capital.
The company has been developing software that aims to streamline workflow and connect supervisors and workers remotely.
Co-founders Ben Taft, Matt Stern and Montana Reed began work on their prototype as students at USC's Jimmy Iovine and Andre Young Academy for Innovation. At the time, Taft worked at Daqri, an L.A. startup building an expensive AR-enabled hardhat helmet for industrial workers. Stern and Matt had previously helped build Sony's first Playstation VR.
Santa Monica-based Snap, aka Snapchat, reported second quarter earnings on Tuesday. Quarterly revenues grew 17% year over year, to $454 million. This key metric beat most investor expectations but is low compared to Snap's recent performance. In 2019, for instance, its lowest quarterly revenue growth rate was 38.9%.
User numbers, another key metric for analysts, grew by 9 million to 238 million globally – 1 million short of Snap's own estimates.
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Event Hub began 2020 with optimism. It was picking up steam after graduating the mostly virtual 2019 Techstars Anywhere accelerator program and ready to launch into a booming events industry.
At the time, the L.A. startup was primarily a marketplace for connecting event organizers with companies and entrepreneurs to sell their wares and promote their brands at exhibitor booths.