Major breakthrough in high-quality, rapid 3D visualization of physical spaces.

  • Industry
    Digital Media/ Virtual Reality
  • Founded
    2011
  • Headquarters
    USA
  • Invested
    2013

It was during his early years spent in Reactrix, a US-based company that offers gesture-driven interface solutions for various industry applications, that Matt Bell learnt that a camera used for gesture tracking could cost an arm and a leg: US$50,000. Matt's spark of inspiration came when Microsoft Kinect System was released, making use of a $150 camera to perform many of the tasks that the $50K camera did. It hit him one day that this 3D technology could potentially go mainstream and create vast opportunities for other industries to leverage upon. But he made a tweak to the technology. Instead of using it for gesture tracking, he wanted to perform a complete remodelling of objects and spaces by combining the data with the camera. Genius! No surprise that Matterport emerged as one of the most novel start-ups graduated from Y Combinator.

Set up in 2011, Matterport offers breakthrough high-quality 3D visualization of physical space, with a 3D camera and interactive viewing platform to create virtual models of any indoor space. The technology breathes life into the antiquated stale real estate industry. Autostitching software, powered by computational algorithms processed on the cloud, empowers real estate agents to capture geometric and texture data and turn it into 3D models in a matter of an hour. It leaves the power in the hands of potential property buyers to tinker their indoor spaces, from the floor mat, to additional wardrobe or changing the wall colours, before making their decisions. It replaces the previous handstitching process which can take approximately two days to create a 3D model, while injecting elements of fun and sociability into 3D virtual tours.

Matterport technology has the potential to penetrate into other industries like hospitality, vacation rentals and museums.

We ended up officially becoming a partner with [Google]. When they had the very first Tango device, which was in a phone form factor, we worked with them to get our software running on it. Very quickly we were able to do a demonstration of a full room, capture and reconstruction, using that device.

Matt Bell
Founder
Matterport