SUNNYVALE, Calif., June 9, 2021 /PRNewswire/ -- Matterport, Inc.,
the leading spatial data company driving the digital transformation
of the built world, today publicly launched its Platform Partner
Program for businesses looking to create and monetize apps and
integrations with its market-leading platform. In the last six
months, more than 50 partners have signed up to access Matterport's
developer tools, and the platform's expanding ecosystem
of developer partners has created a rich library of apps, add-ons,
customizations, and management tools, which multiple industries can
leverage to enrich and customize any Matterport digital twin based
on their unique needs and use cases.
In February 2021, Matterport
announced that it has entered into a definitive agreement to enter
into a business combination with Gores Holdings VI (NASDAQ: GHVI,
GHVIU, and GHVIW), a special purpose acquisition company sponsored
by an affiliate of The Gores Group, LLC, that will result in
Matterport becoming a publicly listed company. Upon closing of the
proposed business combination, the combined company will be named
"Matterport, Inc." and intends to remain listed on NASDAQ under the
ticker symbol "MTTR."
Hundreds of thousands of customers use the Matterport platform
to turn their physical spaces into accurate and immersive digital
twins to more effectively access, manage and utilize them.
Matterport's expanding ecosystem offers developer partners
programmatic access to its powerful digital twins to customize and
extend the immersive 3D experience, add new functionality, and tap
directly into the rich spatial data behind every space to analyze
and generate new property insights for a single space or a large
portfolio of buildings. The data library includes spatial,
dimensional, structural, and rich contextual property information,
as well as 3D mesh data, 2D HDR imagery, point clouds, and
panoramic photospheres.
Platform Partners can leverage Matterport's APIs and SDKs to
either integrate digital twins or spatial data into their solutions
or create application layers and add-ons on top of digital twins to
customize or extend their capabilities. They also gain access to a
range of commercial benefits, such as Matterport's distribution
network and enhanced support as well as co-marketing and co-selling
programs to help them successfully monetize their applications.
Trent Clews-de Castella,
Co-founder and CEO of PHORIA, an early participant in the
Platform Partner Program, saw sales of CAPTUR3D increase 350
percent in 2020. "We have built a sustainable business upon
Matterport's rich, diverse spatial data library and are able to
serve new clients all over the world," says Clews-de Castella.
By joining the program, developers of all kinds can benefit from
Matterport's global reach. Many have already built successful
businesses by creating new apps and integrations that meet specific
vertical use cases for Matterport customers. With access to
Matterport's rich spatial data library, partners are developing the
data science tools and analytics to unlock unprecedented insights
about buildings, spaces and contents within them.
Early Platform Partners have built innovative solutions for an
array of industries, some of which include:
- PHORIA, in Australia,
developed CAPTUR3D, a Matterport-based content management system
utilized today by real estate companies, educational institutions
and organizations behind heritage landmarks. This system allows
customers to elevate their Matterport content with virtual tour
add-ons which include: virtual staging, an augmented reality app,
custom Mattertags, and virtual tour overlays.
- VRPM, in the UK, helps real estate companies think beyond
sterile, empty spaces by using Matterport to create visually
engaging and immersive virtual environments that help entice
commercial clients to lease or buy properties.
- ViewAR, in Austria, has
created augmented reality experiences for both customers and
employees -- from providing navigational support for museums and
shopping malls to generating step-by-step instructions on the
factory floor.
- Boost3D, in the UK, is changing the way its clients are
interacting with digital twins across the real estate, hospitality,
education and facilities management sectors through its embedded
video conferencing solution, OpenHouse Live. Boost3D has built
video conferencing and live streaming into Matterport virtual
experiences so that up to 50 people can instantly gather and
explore spaces.
"We are constantly collaborating with clients on virtual designs
and staging, and sometimes changes are significant - even
structural. The flexibility of the Matterport platform is essential
to helping us respond quickly and effectively," said Mike Merron, Founding Director of VRPM.
Oliver Jay, Director for
Compton, a London-based office and investment real estate
firm, worked with VRPM to design and virtually stage an entire
floor in the World Trade Center in New
York. "The CGI staging that VRPM does within Matterport 3D
digital twins is highly detailed and gives potential tenants an
authentic sense of what it would be like to inhabit the space. It's
been an invaluable asset to market our listings and occupy them
faster."
"Matterport is focused on building best-in-class solutions that
meet our customers' needs, and that vision is being made possible
by partnering with best-in-class technology providers building
solutions," said Conway Chen, Vice
President of Strategic Alliances. "Our diverse and growing partner
ecosystem has enabled Matterport to offer customized, end to end
solutions that meet customer needs across a spectrum of industries,
countries, and use cases."
The Matterport SDKs are open, flexible, and powerful tools that
let developers easily build apps that are compatible with
Matterport's platform and data. To accelerate app building,
developers have the flexibility to innovate using languages they
already know, such as TypeScript or JavaScript, while taking full
advantage of the Three.js open source ecosystems.
To learn more about the Matterport Platform Partner Program and
apply to join, visit
https://matterport.com/platform-partner-program.
About Matterport
Matterport is leading the digital transformation of the built
world. Our groundbreaking spatial computing platform turns
buildings into data making every space more valuable and
accessible. Millions of buildings in more than 150+ 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.
In February 2021, Matterport
announced that it has entered into a definitive agreement to enter
into a business combination with Gores Holdings VI (NASDAQ: GHVI,
GHVIU, and GHVIW), a special purpose acquisition company sponsored
by an affiliate of The Gores Group, LLC, that will result in
Matterport becoming a publicly listed company. Upon closing of the
proposed business combination, the combined company will be named
"Matterport, Inc." and intends to remain listed on NASDAQ under the
ticker symbol "MTTR."
©2021 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.
Matterport Media Contact:
Naomi Little
Global Communications Manager
press@matterport.com
+44 203 874 6664
Investor Contact:
Soohwan Kim, CFA
VP, Investor Relations
ir@matterport.com
Forward-Looking Statements
This document contains certain forward-looking statements
within the meaning of the federal securities laws with respect to
the proposed business combination between Gores Holdings VI, Inc.
("Gores") and Matterport, Inc. ("Matterport"),
including statements regarding the benefits of the proposed
business combination, the anticipated timing of the proposed
business combination, the services offered by Matterport and the
markets in which Matterport operates, business strategies, debt
levels, industry environment, potential growth opportunities, the
effects of regulations and Gores' or 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 but not limited to: (i) the risk that the
proposed business combination may not be completed in a timely
manner or at all, which may adversely affect the price of Gores'
securities; (ii) the risk that the proposed business combination
may not be completed by Gores' business combination deadline and
the potential failure to obtain an extension of the business
combination deadline if sought by Gores; (iii) the failure to
satisfy the conditions to the consummation of the proposed business
combination, including the approval of the proposed business
combination by Gores' stockholders, the satisfaction of the minimum
trust account amount following redemptions by Gores' public
stockholders and the receipt of certain governmental and regulatory
approvals; (iv) the effect of the announcement or pendency of the
proposed business combination on Matterport's business
relationships, performance, and business generally; (v) risks that
the proposed business combination disrupts current plans of
Matterport and potential difficulties in Matterport employee
retention as a result of the proposed business combination; (vi)
the outcome of any legal proceedings that may be instituted against
Gores or Matterport related to the agreement and plan of merger or
the proposed business combination; (vii) the ability to maintain
the listing of Gores' securities on the NASDAQ; (viii) the price of
Gores' securities, including volatility resulting from changes in
the competitive and highly regulated industries in which Matterport
plans to operate, variations in performance across competitors,
changes in laws and regulations affecting Matterport's business and
changes in the combined capital structure; and (ix) the ability to
implement business plans, forecasts, and other expectations after
the completion of the proposed business combination, 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 that will be
described in Gores final proxy statement/information
statement/prospectus contained in the registration statement on
Form S-4, including those under "Risk Factors" therein, and other
documents filed by Gores 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 Gores and Matterport assume no obligation and, except as
required by law, do not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Neither Gores nor Matterport gives any
assurance that either Gores or Matterport will achieve its
expectations.
Additional Information and Where to Find It
In connection with the proposed business combination, Gores has
filed a registration statement on Form S-4 that includes a proxy
statement of Gores, an information statement of Matterport and a
prospectus of Gores. The proxy statement/information
statement/prospectus is not yet effective. The definitive proxy
statement/information statement/prospectus, when it is declared
effective by the SEC, will be sent to all Gores and Matterport
stockholders as of a record date to be established for voting on
the proposed business combination and the other matters to be voted
upon at a meeting of Gores' stockholders to be held to approve the
proposed business combination and other matters (the "Special
Meeting"). Gores may also file other documents regarding the
proposed business combination with the SEC. The definitive proxy
statement/information statement/prospectus will contain important
information about the proposed business combination and the other
matters to be voted upon at the Special Meeting and is not intended
to provide the basis for any investment decision or any other
decision in respect of such matters. Before making any voting
decision, investors and security holders of Gores and Matterport
are urged to read the registration statement, the proxy
statement/information statement/prospectus and all other relevant
documents filed or that will be filed with the SEC in connection
with the proposed business combination as they become available
because they will contain important information about the proposed
business combination.
Investors and security holders will be able to obtain free
copies of the proxy statement/information statement/prospectus and
all other relevant documents filed or that will be filed with the
SEC by Gores through the website maintained by the SEC at
www.sec.gov, or by directing a request to Gores Holdings VI, Inc.,
6260 Lookout Road, Boulder, CO
80301, attention: Jennifer Kwon Chou
or by contacting Morrow Sodali LLC, Gores' proxy solicitor, for
help, toll-free at (800) 662-5200 (banks and brokers can call
collect at (203) 658-9400).
Participants in Solicitation
Gores and Matterport and their respective directors and officers
may be deemed to be participants in the solicitation of proxies
from Gores' stockholders in connection with the proposed business
combination. Information about Gores' directors and executive
officers and their ownership of Gores' securities is set forth in
Gores' filings with the SEC. Additional information regarding the
interests of those persons and other persons who may be deemed
participants in the proposed business combination may be obtained
by reading the proxy statement/information statement/prospectus
regarding the proposed business combination. You may obtain free
copies of these documents as described in the preceding
paragraph.
Disclaimer
This document relates to a proposed business combination between
Gores and Matterport. This document does not constitute an offer to
sell or exchange, or the solicitation of an offer to buy or
exchange, any securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, sale or exchange would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
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SOURCE Matterport