Matterport, Inc. (Nasdaq: MTTR), today introduced the all-new
Matterport Pro3 Camera along with major updates to its
industry-leading digital twin cloud platform. The Pro3 is a
breakthrough in 3D capture technology, ready to digitize every
aspect of the physical world, indoors and outdoors. Matterport’s
next generation digital twin platform builds on the company’s
groundbreaking immersive virtual experiences to enable advanced
workgroup collaboration and productivity, delivering cost savings
and revenue growth for organizations of all sizes, from small
businesses to global enterprises.
These new offerings arrive as global demand for digital twins –
visually immersive, interactive 3D models of buildings and spaces –
continues to rise. Forrester Research reports 55% of global
software technology decision makers are already adopting digital
twins1. As an industry leader, Matterport saw 52% growth in total
subscribers in the second quarter compared to the year ago period,
and already serves 23% of the Fortune 1000 with its digital twin
platform.
“Today marks a pivotal breakthrough in 3D technology with the
introduction of the most powerful products Matterport has ever
created," said RJ Pittman, Chairman and Chief Executive Officer,
Matterport. "Our new Pro3 camera and cloud platform create some of
the world's most accurate, immersive and stunning digital twins.
The opportunity has never been greater for companies to embrace the
power of Matterport digital twins to transform their business."
Matterport for EnterpriseDigital twins empower
business leaders to confidently navigate an uncertain economic
environment while accelerating the productivity of a mobile and
remote-first workforce; 79% of business leaders cite cost savings
and 71% point to operational efficiencies as the key drivers of
their digital twin investments2. It’s why the new Pro3 camera and
cloud platform were built for the demands of enterprises with
scalability, reliability and security at the core, making
Matterport’s digital twin platform one of the most trusted in the
industry.
The new Pro3 camera and cloud platform advancements make it
easier than ever for customers to create immersive digital twins.
Customers across sectors – factories, retailers, hotels and
airlines – report digital twins have reduced project times by 30%
and cut travel expenses by up to 50% through greater remote
collaboration. One commercial real estate customer reported closing
sales up to 85% faster. Hospitality customers find bookings and
occupancy rates increase 14% for properties with a digital twin.
The benefits aren’t just for large enterprises – real estate agents
using digital twins win up to 74% more listings and 71% of
residential buyers say they would buy a home sight unseen if it had
a 3D digital tour.
The Matterport Digital Twin PlatformMatterport
has reimagined the cloud software platform that creates, publishes,
and manages digital twins of buildings and spaces of any size or
shape, indoors or outdoors. All of these new capabilities integrate
seamlessly so customers can securely create immersive environments
for their employees, customers and partners to collaborate and
explore.
- Maximize productivity from a single digital twin with a new
workgroup collaboration framework called Views, to
enable groups and large organizations to create separate,
permissions-based workflows to manage different tasks with
different teams such as: virtual inspections, remote training,
space planning, personalized virtual tours, and so much more.
Views create separate, permissions-based
workflows from a single digital twin
- Increase customer engagement,
productivity and sales conversions with all-new Guided
Tours and Tags to elevate the visitor
experience. Now marketing and sales teams can create directed
virtual tours of any commercial or residential space tailored to
the interests of their visitors, and operations teams can create
guided virtual training courses for remote workers.
- Go further with Matterport Capture Services,
now supercharged with the new Pro3 camera to get the highest
quality professional digital twin from an on-demand capture
technician in major cities around the world. Capture
Services for Enterprise can now digitize a single space to
a portfolio of thousands of buildings, indoors and out. From retail
chains to hotel property groups and corporate campuses – it has
never been easier to get a dimensionally accurate, photorealistic
Matterport digital twin to manage properties online.
Matterport Capture Services, now supercharged
with the new Pro3 camera
Matterport Capture Services brings your property
to life, available on-demand globally
- Take the entire Matterport platform wherever you go with a
fully enabled mobile solution that brings together capture,
customization, view, edit, publish and restore capabilities to
digital twins with the new Matterport App for iOS
and Android devices.
Immersive collaboration available anywhere with
the Matterport App
The Matterport Pro3 Camera
The Matterport Pro3 Camera provides the highest
accuracy digital twins of indoor and outdoor spaces
The Matterport Pro3 Camera is the most advanced Matterport 3D
capture device with a powerful combination of sensors working in
harmony to create stunning images, both indoors and outdoors. No
other camera combines the incredible power of this device at this
price point, making 3D capture more widely accessible.
With a custom 20 megapixel sensor and 12-element lens covering
an ultra-wide angle, the Pro3 camera produces accurate, detailed
digital twins in brilliant, life-like color. Breakthroughs in the
high-precision LiDAR sensor enable the capture of millions of
measurements in various conditions, from dim light to direct
sunlight, up to a range of 100 meters at less than 20 seconds per
sweep.
The custom 20MP Pro3 lens covers an ultra-wide
angle for life-like digital twins in any environment
The Pro3 camera revolutionizes 3D capture, setting new standards
for speed, fidelity, versatility and accuracy. Where interactive
mesh previously had a 50k polygon limit, it is now unlimited and
the mesh for large spaces can easily exceed one million polygons.
New digital twins are now streamed on demand as the user moves
through a space, available on mobile and web platforms for all
users for faster load times, quicker frame rates, and much more
detail without compromising performance.
Matterport’s Cortex AI engine is upgraded to capture 5x higher
range, enabling customers to transform their interior and exterior
spaces, even when encountering difficult foliage, lighting and
reflective surfaces. The combined power of the new Matterport
Digital Twin platform, Pro3 and upgraded Cortex AI result in some
of the most accurate, immersive and stunning digital twins ever
created.
“The Pro3 camera reflects years of advanced R&D and
listening closely to our customers. The result is a breakthrough in
3D capture technology,” said Lou Marzano, Vice President of R&D
and Manufacturing. “The demands of the digital-first industry push
our product standards to new levels, making precision, range, and
mobility critical to our customers’ success. We put all of this
together into a portable device that achieves a new threshold for
price-to-performance of commercial LiDAR capture. Some of our
largest enterprise customers have already put Pro3 to the test –
capturing large outdoor venues from stadiums to campuses with speed
and accuracy never before seen. Like the Pro1 and Pro2 that came
before it, the Pro3 camera is in a class by itself and I am so
proud of the team behind yet another industry first.”
The Pro3 camera is Matterport’s lightest and most
compact camera, designed for maximum portability
With a striking new design that’s uniquely Matterport, Pro3 is
packed with groundbreaking features including:
- Custom built 20 megapixel sensor and 12-element lens for
ultra-wide capture of large spaces
- Captures 100k points per second at depths ranging from 0.5m to
100m
- High-precision LiDAR sensor for unparalleled precision in
various light conditions
- Camera boot time of less than 40 seconds
- Removable battery packs for continuous scanning, batteries
fully recharge in 3.5 hours
- Weighing under five pounds, Pro3 is 30% smaller and 35% lighter
than the Pro2 camera
- New tripod mount engineered for Pro3 and new cases for maximum
portability and protection
Pricing and AvailabilityThe Matterport Pro3
Camera is available for purchase at matterport.com/pro3 or through
one of Matterport’s partners, including: Amazon, B&H Photo and
Video, and Adorama.
- Matterport Pro3 Camera is priced at $5,999 USD and includes:
- Pro3 Camera in Carry Case
- One Tripod Mount
- One Battery and Charging Kit
- One Year Warranty
- The Matterport Pro3 Acceleration Kit offers the best value at
$7,995 USD. This bundle includes everything needed for a full day
of capture:
- Pro3 Camera in Carry Case
- 10 Matterport E57 high density point cloud files to complete
large projects quickly ($890 USD value)
- 10 MatterPaks to extract floor plans, point cloud files, and
OBJ files from digital twins ($500 USD value)
- One Tripod Mount
- Two Batteries with One Charging Kit
- One Tripod, Wheeled Dolly, Two Door Stops, One Hard Case, and
One Backpack
- 3-year Warranty on Pro3 Camera and Tripod Mount ($2,000 USD
value)
- Accessories available separately in
the US, UK and European Union through Amazon. For pricing
information, visit Matterport’s website.
Pro3 camera availability varies by region.
- Customers in North America may place orders today with
estimated shipments in early September 2022.
- Customers in the EMEA region can place orders soon with
estimated shipments in early October 2022.
- Customers in the APAC region can
place orders online soon with estimated shipment of early October
2022.
For more information about the Pro3 camera and Matterport’s new
digital twin platform, visit matterport.com
About MatterportMatterport, Inc. (Nasdaq: MTTR)
is leading the digital transformation of the built world. Our
groundbreaking spatial data platform turns buildings into data to
make nearly every space more valuable and accessible. Millions of
buildings in more than 177 countries have been transformed into
immersive Matterport digital twins to improve every part of the
building lifecycle from planning, construction, and operations to
documentation, appraisal and marketing. Learn more at
Matterport.com and visit our Discover page to browse a collection
of digital twins captured by our customers.
©2022 Matterport, Inc. All rights reserved. Matterport is a
registered trademark and the Matterport logo is a trademark of
Matterport, Inc. All other marks are the property of their
respective owners.
Media Contact:Steve LombardiVP, Communications and Business
Affairspress@matterport.com
Investor Contact: Soohwan Kim, CFAVP, Investor
Relationsir@matterport.com
Forward-Looking Statements
This document contains certain forward-looking statements within
the meaning of the federal securities laws, including statements
regarding the services offered by Matterport, Inc. (“Matterport”)
and the markets in which Matterport operates, business strategies,
industry environment, potential growth opportunities, and
Matterport’s projected future results. These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “forecast,” “opportunity,” “plan,” “may,”
“should,” “will,” “would,” “will be,” “will continue,” “will likely
result,” and similar expressions (including the negative versions
of such words or expressions).
Forward-looking statements are predictions, projections and
other statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
document, including Matterport’s ability to implement business
plans, forecasts, and other expectations in the industry in which
Matterport competes, and identify and realize additional
opportunities. The foregoing list of factors is not exhaustive. You
should carefully consider the foregoing factors and the other risks
and uncertainties described in documents filed by Matterport from
time to time with the U.S. Securities and Exchange Commission (the
“SEC”). These filings identify and address other important risks
and uncertainties that could cause actual events and results to
differ materially from those contained in the forward looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and Matterport assumes no obligation
and, except as required by law, does not intend to update or revise
these forward-looking statements, whether as a result of new
information, future events, or otherwise. Matterport does not give
any assurance that it will achieve its expectations.
1 Forrester Research, “Jekyll And Hyde: The Dual Role of
Emerging Tech in Environmental Sustainability”, 04/222 Source:
Capgemini Research Institute, Digital Twins survey,
September-October 2021, N=1,000 organizations.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/a0a539e6-d18c-4235-be20-b4752eaad546https://www.globenewswire.com/NewsRoom/AttachmentNg/662660ad-abd9-431a-ba08-fac5f796496ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/cbf1240e-323d-4341-a4f9-acab75d0970bhttps://www.globenewswire.com/NewsRoom/AttachmentNg/c8775582-88e0-4f2d-a438-fc52c79bbc2ahttps://www.globenewswire.com/NewsRoom/AttachmentNg/03ffc7bd-54ea-4b9c-8c9a-acdd87f93cd7https://www.globenewswire.com/NewsRoom/AttachmentNg/2cdb9b54-399a-40e3-8a1f-8b1e895dacdfhttps://www.globenewswire.com/NewsRoom/AttachmentNg/f14b7fe6-4a09-4214-a064-22c7fb2ca568
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