CommonGround Raises $25 Million in Funding

by Kay Aloha Villamor December 1st, 2022

CommonGround, a Silicon Valley, and Tel Aviv, Israel-based company that provides a platform that fosters authentic human connections, announced that it raised $25 million in funding, bringing its total funding to nearly $45 million to build an immersive virtual meeting experience that reimagines the future of online interactions.

The round was led by Marius Nacht, one of Israel's leading serial tech entrepreneurs, with participation from Matrix Partners, Grove Ventures, and StageOne Ventures.

"What everyone learned during the pandemic was that online meetings are necessary, but they fall short compared to face-to-face meetings. Today's virtual meeting solutions leave us feeling disconnected and rarely valued, understood, or heard," said Amir Bassan-Eskenazi, CEO and Co-Founder of CommonGround. "CommonGround is creating a new way to meet online where you can sit across a table, look into people's eyes, see, and be seen. We believe, using hyper-realistic avatars as part of an immersive experience, we can make online interactions even better than face-to-face meetings."

CommonGround is now beta testing its 'TrueSelf Scan' creation app on the iPhone. The first 500 people to create their avatar will also be invited to test the first immersive 3D meeting app that does not require a VR headset.

Company: TrueMeeting, Inc.

Raised: $25.0M

Round: Unknown 

Funding Month: November 2022

Lead Investors: Marius Nacht

Additional Investors: Matrix Partners, Grove Ventures, and StageOne Ventures

Company Website: https://www.commonground-ai.com/ 

Software Category: Video Avatar

About the Company: Founded in 2019 by serial entrepreneurs Amir Bassan-Eskenazi and Ran Oz, CommonGround is a startup that provides real-time software solutions for an unprecedented level of human interaction over digital. It has built technology for people to use their smartphones to scan their faces for responsive, real-time, three-dimensional avatars that can be used in video applications. CommonGround's patented AI, which has been three years in the making, provides a powerful, immersive, and secure 3D experience with hyper-realistic user representations that deliver an unparalleled sense of presence and emotional connection. 

Source: https://www.prnewswire.com/news-releases/commonground-raises-25m-to-deliver-immersive-3d-meetings-to-everyone-no-vr-headset-required-301690901.html


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