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Matterport raises $48M

Some of the fresh funding will focus on their technology’s application to real estate

CEO R.J. Pittman (Credit: Matterport)

Matterport has raised a $48 million bridge round from existing investors Lux Capital, DCM, and Qualcomm Ventures. Sources told TechCrunch that the deal valued the the startup at around $325 million. Matterport has now raised $111 million to date. 

What they do: The startup allows customers to create cloud-based 3D and virtual reality models of real-world spaces, according to the company’s website.

Real Estate Application: The company wants to use 3D imagery of interior spaces to virtually move furniture when staging an apartment without needing to physically carry the items. Startup RoOomy is known specifically for virtual staging in the real estate space.

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