Mar.7, 2013

3D scanning startup Matterport has raised a $5.6 million Series A round to manufacture and sell a first-ever 3D camera that creates 3D images of spaces and objects, as well as an interactive viewing platform.

"Our goal is to scan the entire planet," said Sundeep Peechu, an investor in Matterport via Felicis Ventures.

The company has attracted a group of serious investors, including Lux Capital, investor of Shapeways, and Greylock Partners, Navitas Capital, Qualcomm Ventures and Rothenberg Capital Management.

Founded in 2011, the Silicon Valley startup unveiled its compact scanner in 2012, that allows users to basically point a gun and do instantaneous scan-to-model of their surrounding environment, for example a house, without point clouds in the middle.

On Matterport's site you can now sign-up and pre-order the Matterport Camera, though no price yet. According to the site the camera is expected to ship starting later summer.


Press Release:

Matterport, the leader in rapid 3D scanning of spaces and objects, announced today that it raised a $5.6 million Series A financing round to create immersive experiences with interior spaces, starting with your home. Lux Capital led this latest investment round, with participation from Felicis Ventures, Red Swan Ventures, Greylock, Qualcomm Ventures, as well as a number of prominent Silicon Valley angels.

"Together we are transcending limitations of the physical world by allowing people to communicate in 3D."
"We welcome the participation of these investors," said Matt Bell, inventor of the camera and Matterport co-founder. "Together we are transcending limitations of the physical world by allowing people to communicate in 3D."

"Matterport makes the extraordinary look easy," said Peter Hebert, Co-Founder and Managing Partner of Lux Capital. "Using advanced hardware and algorithms, Matterport helps consumers and businesses create accurate, photo-realistic 3D models – quickly, easily and automatically. Beyond initial markets in housing and interiors, the range of end applications is bounded only by the creativity of the Matterport community."

Matterport will soon launch the first-ever 3D camera and interactive viewing platform – allowing its community to create virtual models of any indoor space and access the resulting 3D image from a web browser or iPad – anytime, anywhere.

Matterport's cloud engine changes the way we understand and view spaces by allowing users to post and share them with the world. Users can freely navigate, measure, tag objects, and pin notes to anything in the 3D image, unlike conventional static photographs. Anyone will be able to explore homes, vacation rentals, or local restaurants remotely, as well as plan and visualize remodels.

Founded in 2011, the Silicon Valley company launched out of Y Combinator, and raised a $1.6 million Seed financing in 2012 to develop initial versions of the camera hardware and software. The Series A will enable Matterport to scale production to meet market demand.







Posted in 3D Scanning

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