Matterport heralds itself as the standard for 3D space capture". Their web-based platform transforms real-life spaces into immersive digital twin models: Matterport empowers people to capture and connect rooms to create truly interactive 3D models of spaces.Matterport started trading on Nasdaq in June 2021 under the symbol “MTTR” after it completed its merger with special purpose acquisition company (SPAC) Gores Holdings VI (Nasdaq: GHVI) at a $2.9B valuation.The Sunnyvale, California-based company secured approximately $605 million in total cash as a result of the SPAC ($310 milion from Gores Holdings VI and $295 million in proceeds from a funding round led by institutional investors, including Tiger Global, Fidelity, Senator Investment Group, Dragoneer Investment Group, funds and accounts managed by BlackRock, Lux Capital, Miller Value Partners, Darlington Partners and Untitled Investments).
2021 • Public
Matterport is known for offering realistic immersive experiences by creating a “digital twin” of any physical space.
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