Matterport raises $30M for virtual reality real estate tours and more
Matterport has raised $30 million in growth funding from Qualcomm and Singapore’s GIC to expand its virtual reality and augmented reality content creation platform.
Mountain View, Calif.-based Matterport makes a $4,500 Pro Camera that can capture an environment in 360 degrees. It also makes the cloud software to stitch the content into a virtual reality or augmented reality experience. The target market has been realtors looking to show off homes for sale in 3D.
Matterport began selling the application platform for realtors in July 2014. So far, Brown said that the company has sold thousands of VR cameras to real estate agents, and those videos are getting about 1.2 million unique views per month. Most of the major brokerage companies are customers.
Over time, Brown hopes to reduce the cost of content creation and eventually enable consumers with 3D-sensor-enabled smartphones to record and publish their own virtual reality visual experiences. A consumer could, for instance, create a virtual tour of their own home.
Matterport has raised $56 million to date, and it now has more than 80 employees.
See the full story here: http://venturebeat.com/2015/06/25/matterport-raises-30m-for-virtual-reality-real-estate-tours-and-more/