We just received confirmation that Meural, the digital art platform, has been acquired by networking giant NETGEAR. Terms of the transaction were not disclosed but the acquisition was announced at NETGEAR’s Financial Analyst Day earlier today.
Meural was founded by Jerry Hu and Vladimir Vukicevic in 2014. The company had raised a total of $9.3M in funding over four rounds with its last funding, a $5M Series A round in November of 2017 – This NYC Startup Raised $5M So That You Can Decorate That Wall Digitally. NETGEAR was a participant in that round.
Other backs of Meural include Bolt, Corigin Ventures, Bryan Rosenblatt, Forefront Venture Partners, Firstrock Capital, Elio Leoni Sceti, and Francois Bennahmias.
We’ll update as we receive more information…
Our product is the only gesture-controlled art frame on the market. The world of smart art frames remains very small, and we are distinguished among that group by our gesture feature, our TrueArt technology, and, crucially, our large and constantly-growing art library, which includes legally licensed works from leading museums and artists – Meural Founder and CEO, Vladimir Vukicevic