Technology

Strategic investments set to fuel Matterport’s momentum

Terms of the funding were not disclosed
  • Matterport has received strategic investments from an array of real estate and media firms.
  • The company did not specify projects on the horizon, but the funding will go toward expanding its 3D and virtual reality tech into new markets.
  • Along with capital, the new investors will provide Matterport with guidance in the areas of commercial real estate, media and publishing, travel and hospitality -- and more.

Like much of the real estate tech industry, Matterport has virtual reality on the brain and the fire of an ever-evolving digital space to ignite motivation for expansion and progress. Today, the provider of 3-D virtual tours added some extra fuel to its funding tank with an infusion of strategic investments. The money comes from an array of real estate and media firms, including: CBRE Group, Inc. News Corp Luminari Capital Sound Ventures These companies join Matterport's existing investors -- Lux Capital, DCM Ventures, Qualcomm Ventures, Felicis Ventures, Navitas Capital, AME Cloud Ventures, GIC, iGlobe, Greylock Partners and Y Combinator. The terms of the investments were not disclosed. Linda Itskovitz, VP of Marketing at Matterport, said that although the company can't comment on any specific investor involvement, "Matterport is expanding rapidly in many industries." She added in an emailed statement, "These investors offer us significant experien...