The augmented reality industry has an insatiable appetite for 3D content, making a $ 48 million investment in Matterport child's play for investors.
Last month, the company, known for its camera technology and 3D content solutions, introduced the Matterport Cloud 3.0 platform, which leverages the company's Cortex AI technology to deliver 2D images from 360 degrees. Cameras are captured to generate 3D models.
"The power of our new software platform takes us one step closer to the camera Biquity Versatility enables us to deliver a compelling entry-level solution to simple, smaller projects as we continue to develop and extend our industry-leading Pro2 Capture experience for professional users . ", Said RJ Pittman, CEO of Matterport, in a statement.  Volumetric content produced by media companies such as The New York Times and included in apps such as the Mimesys virtual collaboration app are just the tip of the iceberg for 3D content platforms that use the Demand for products and services offered by Matterport.
But Matterport is not the only provider of 3D content capture services: competitors such as Microsoft, Jaunt, Occipital, Imaginarium, and Laan Labs are among the companies offering a range of volumetric capture services.
Augmented reality technology is evolving The demand for services from companies like Matterport will continue to increase. Foresighted investors will likely continue to finance their growth