Achievement Follows Recent Recognition in the 2017 Inc. 5000 Fastest-Growing Companies List
SUNNYVALE, Calif., Oct. 23, 2017 – Matterport, an immersive media technology company, today announced that the Silicon Valley Business Journal has ranked the company No. 3 on its annual list of the top 50 fastest-growing private companies in Silicon Valley. This recognition highlights Matterport’s recent unparalleled growth spree to meet the demand for its next-generation cloud-based 3D reality capture and distribution platform.
Matterport has experienced quadruple-digit revenue growth in the past three years and notable market momentum including geographic expansions to EMEA and APAC, and vertical market expansions serving customers across multiple industries, including residential real estate, travel and hospitality, architecture, engineering and construction, business listings, insurance and facilities management, among others. Matterport has the world’s largest VR library of real-world spaces, with 3D models of over 700,000 spaces that have been visited over 250 million times. The company was also recently ranked No. 26 on the 36th annual Inc. 5000 in August of this year.
“We’re extremely proud to have created an industry-leading platform that makes the creation of 3D digital models easier, faster and more cost-effective than ever before,” stated Bill Brown, Matterport CEO. “Our substantial growth is validation of our technology’s proven ability to transform the way people interact with the built environment, and we see significant opportunity to continue this rapid expansion, furthering our mission of making immersive 3D media the primary medium for digitally experiencing real-world spaces.”
This announcement follows Matterport’s recent partnership with Leica Geosystems, as well as the recent announcement on Ericsson Ventures joining its growing list of strategic investors with a $5-million investment. Matterport is backed by leading financial and strategic investors, including Lux Capital, DCM Ventures, Qualcomm Ventures, Felicis Ventures, iGlobe Partners, CBRE, News Corp., AMD Ventures, GIC, Navitas Capital, AME Cloud Ventures, Gordon Segal, and Sound Ventures.
Matterport is an immersive media technology company that delivers an end-to-end system for creating, modifying, distributing, and navigating immersive 3D and virtual reality (VR) versions of real-world spaces on the Web, mobile devices, and VR headsets. To learn more, visit www.matterport.com or the Matterport Gallery.