Matterport Raises $5.6M Series A Financing
Matterport, a Mountain View, California-based developer of solutions for rapid 3D scanning of spaces and objects, raised a $5.6m Series A financing.
The round was led by Lux Capital, with participation from Felicis Ventures, Red Swan Ventures, Greylock, Qualcomm Ventures, as well as a number of Silicon Valley angels.
Founded in 2011 by Matt Bell, inventor of the camera, Matterport is to launch a 3D camera and interactive viewing platform, which allow users to create virtual models of any indoor space and access the resulting 3D image from a web browser or iPad.
The company’s solutions also allow to freely navigate, measure, tag objects, and pin notes to anything in the 3D image. Anyone will be able to explore homes, vacation rentals, or local restaurants remotely, as well as plan and visualize remodels.
Initial markets include housing and interiors.
Launched out of Y Combinator, the company raised a $1.6m Seed financing in 2012 to develop initial versions of the camera hardware and software.
This Series A round will enable Matterport to scale production to meet market demand.