Matterport, Inc. (Nasdaq: MTTR), is today launching Property
Intelligence, a collection of AI-powered features that provides
customers with access to automated measurements, layouts, editing,
and reporting capabilities generated from a Matterport digital twin
of their property. The result of years of advancements in spatial
data, computer vision, and deep learning, Property Intelligence
unlocks information and data about a property that has never been
so easily available thanks to the power of automation and AI at
Matterport. These new features bolster the company’s Property
Marketing, Design and Construction, and Facilities Management
solutions for automating key elements of home listings,
construction projects, and factory floor operations.
“Since day one, our mission has been to fundamentally transform
how people understand and access the built world. Our 3D digital
twin technology set the industry standard for the virtual tour, and
now we’re delivering unprecedented information and customization
capabilities to our customers for any type of property anywhere in
the world,” said RJ Pittman, Chairman and CEO, Matterport. “Across
the globe, Matterport serves nearly one billion virtual tours each
year to let people walk through their potential dream home, manage
a chain of retail stores, or operate their manufacturing facilities
remotely. Our advancements in AI, automation, and property insights
save our customers valuable time and help them make smarter
decisions for their businesses and better serve their clients.”
As part of Matterport's Winter 2024 Release: Automating the
Future, the company is introducing a series of new Showcase plugins
that streamline property navigation and expert connections for
users. Compass and Minimap plugins help visitors intuitively
navigate large spaces with new visual cues, while the new Business
Card and Quick Link plugins provide key contact details and
additional property information inside the digital twin experience.
Real estate agents can brand virtual tours, while property and
facility managers can insert key information in the form of a card
anywhere in the virtual space, including operations manuals,
restaurant menus, reservation pages, and more.
To better serve real estate agents and property marketers,
Matterport has upgraded its RICS-standard schematic floor plans
with options such as color floor plans, branding, multiple
languages, and the ability to add or remove furniture. These new
floor plans help agents attract qualified buyers while saving time
by reducing site visits.
Announced in beta last December, the Matterport CAD file add-on
is now available, which converts Matterport digital twin point
clouds into editable CAD drawings for any space in several formats,
including DWG and DXF files. This add-on introduces a powerful CAD
file export feature, offering construction and design teams a
seamless solution to the traditionally labor-intensive tasks of
documenting existing conditions and manually tracing files. The CAD
file add-on streamlines the process of as-built documentation and
speeds up project timelines.
Matterport is also sharing a preview of Project Genesis, the
company’s upcoming generative AI release that leverages the
organization’s experience in machine learning and AI to
automatically reimagine and redesign a space within the digital
twin. Initially, customers will be able to de-furnish an entire
space, remove items from the property, or clean out the clutter.
Next, customers will be able to reimagine an entire property with
AI-generated interior design styles and furnishings. Project
Genesis, leading the transformation of the digital twin and built
world itself, is slated to enter its first beta with select
customers later this year.
To learn more about the new capabilities and features, explore
the 2024 Winter Release and read our blog.
About MatterportMatterport, Inc. (Nasdaq: MTTR)
is the World’s #1 Digital Twin Platform* leading the digital
transformation of the built world. Our groundbreaking platform
turns buildings into data to make 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 browse a gallery of digital twins.
©2024 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. *Largest digital twin cloud hosted platform for
the built world sq.ft. scanned. Data on file.
Forward-Looking Statements
This document contains certain
forward-looking statements within the meaning of the federal
securities laws, including statements regarding the products and
services offered by Matterport, Inc. (“Matterport”), artificial
intelligence capabilities, potential growth opportunities, and
Matterport’s projected future results. These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “expected,”
“intend,” “strategy,” “future,” “forecast,” “opportunity,” “plan,”
“may,” “should,” “will,” “would,” “will be,” “will continue,” “will
likely result,” and similar expressions (including the negative
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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 new artificial intelligence initiatives,
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.
Media Contact:Steve Lombardi, VP Communications and Business
Affairspress@matterport.comInvestor Contact:Mike Knapp, VP Investor
Relationsir@matterport.com
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