Matterport, a Mountain View, CA-based developer of computer vision technology, raised $30M in Series C financing.
The round was led by Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, with participation from new investor GIC and existing major investors.
Since 2014, Matterport has raised a total of $56M from Lux Capital, DCM Ventures, Felicis Ventures, Greylock Partners, Navitas Capital, AMD Ventures, AME Cloud Ventures, iGlobe Partners, Rothenberg Ventures, Sling Media founder Blake Krikorian, and Crate & Barrel founder Gordon Segal.
The company intends to use the funds to accelerate development of mobile capture for VR and AR content, to expand its developer platform for web and mobile apps and to scale its operations.
Led by Bill Brown, CEO, Matterport enables anyone to digitally reconstruct real-world spaces for use in VR, AR, web, and mobile applications. Currently, these Matterport Spaces can be explored on platforms like Oculus Rift, Samsung Gear VR, and Google Cardboard, as well as through its browser-based app, called 3D Showcase, which allows all of its content to be viewed today on PC and mobile devices.
Last year, the company launched its Pro Camera, 3D Showcase, and its cloud-based service plans — all targeted at the real estate industry. Other sectors that leverage place promotion have also adopted the technology, including apartment rentals, hotels and resorts, and cultural heritage sites. Matterport sees use cases in additional industries, including travel, construction, architecture, insurance, retail planning, advertising, entertainment media, and journalism.