Matterport to Acquire Arraiy

matterportMatterport, a Sunnyvale, Calif.-based world leader in 3D capture technology and data, is to acquire Arraiy, a provider of machine learning and computer vision technology that allows visual creators to integrate real and virtual worlds.

The amount of the deal was not disclosed.

Upon completion, the acquisition will integrate Arraiy’s core engineering team into Matterport. The deal will also bring Matterport into close collaboration with OpenCV, the AI industry’s leading open source computer vision and machine learning software initiative, led by Arraiy co-founder Gary Bradski.

Led by Bradski and Ethan Rublee, CTO, Arraiy has developed a self-improving artificial intelligence (AI) software that leverages machine learning and computer vision to unlock new techniques for integrating real and virtual digital imagery.

Led by RJ Pittman, CEO, and Dave Gausebeck, CTO, Matterport is a world leader in immersive 3D technology, offering a platform for prosumers and professionals to capture, edit and share 3D models of physical spaces across industries, including architecture, engineering and construction (AEC); insurance, restoration, and property claims; travel and hospitality; residential and commercial real estate; among others.
Earlier this year, the company launched its proprietary cloud software, Matterport Cloud 3.0, and AI engine Cortex, leveraging AI-powered image-processing technology to transform panoramic and 360-degree images into fully immersive 3D models; understand objects, rooms and the detailed characteristics of a space and label specific rooms on a floor plan.

 

FinSMEs

11/07/2019

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