Matterport has added dozens of cities to its digital space ecosystem
Shares of technology company Matterport Inc. (MTTR) have risen by more than 50% in a month, to $28.49 at auction on November 24. The company is expanding its digital modeling ecosystem and this week added new cities to it.
Matterport technologies the company is engaged in modeling complex spaces and creating geoinformation systems (GIS) for various purposes. For example, specialists can create a detailed three-dimensional digital map of an urban area or an industrial site. Similar models are used in construction to develop automatic driving systems, mining control, military maps, etc.
This week, Matterport announced the expansion of the availability of its on-demand shooting service. The company’s specialists can now travel to an additional 16 cities in the USA and 20 cities in the UK to conduct digital photography and subsequent modeling.
At the same time, in the latter region, the addition of two dozen settlements means an increase in regional coverage by 55% at once. In addition, the service of online ordering of specialist services has — now can do it in a minute.
According to Matterport, it decided to increase the geography against the growing demand for three-dimensional shooting services. Furthermore, many organizations are looking for new ways to visualize bulky data sets and manage ownership more efficiently.
In addition, traditional approaches are no longer sufficient in some cases, for example, in coastal architecture, which needs to consider the possible consequences of increasing weather anomalies.
The company highlighted the growing demand from real estate management companies, such as hotel and shopping complexes, large residential construction projects, etc. In addition, Matterport points out that digital models can significantly reduce workflows, for example, by 50% reducing the time required for design during reconstruction.
An example of a successful Matterport partnership is the apartment rental platform SplitSpot, which offers housing in major US cities. The addition of digital models allowed the company to show customers 20-40 apartments per day, which is 400% more than a personal display with the departure of an agent at the address.
