Evaluating only Meta Vision’s profile at its peak — without knowing the outcome — the model ranked Competition as the #1 likely cause. Documented cause: Distribution.
Key Events Timeline
FOUNDING
Meta Vision founded in London to build enterprise mixed reality headsets for training applications.
PRODUCT LAUNCH
Pilot programs launched with three NHS hospital trusts and two construction firms in the UK.
FUNDING
Failed to close Series B round despite £12M raised to date; began cost-cutting measures.
SHUTDOWN
Entered administration in March 2020; no buyer found; company dissolved.
Full Analysis
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Documented cause
UK-based Meta Vision raised £12M to develop mixed reality headsets for enterprise training in healthcare and construction. Despite pilot programs with NHS trusts in 2018, the company failed to achieve commercial traction, ran out of runway by early 2020, and entered administration in March 2020 without a buyer, citing inability to close Series B.
Lesson
“Healthcare pilots with large institutions take years to convert; ensure runway covers full sales cycles.”