SUNNYVALE, Calif., June 30, 2021 /PRNewswire/ -- Matterport, the
spatial data company leading the digital transformation of the
built world, which has entered into a definitive agreement to enter
into a business combination with Gores Holdings VI (NASDAQ: GHVI,
GHVIU, and GHVIW), today announced a collaboration with Facebook AI
Research (FAIR) through which it will make the largest-ever dataset
of 3D indoor spaces available exclusively for academic,
non-commercial uses. The Habitat-Matterport 3D Research Dataset
(HM3D) is an unprecedented collection of 1,000 high-resolution
Matterport digital twins made up of residential, commercial, and
civic spaces generated precisely from real-world environments. HM3D
will play a significant role in advancing embodied AI research
which seeks to teach robots and virtual AI assistants to understand
and interact with the complexities of the physical world.
"Until now, this rich spatial data has been glaringly absent in
the field, so HM3D has the potential to change the landscape of
embodied AI and 3D computer vision," said Dhruv Batra, Research Scientist at Facebook AI
Research. "Our hope is that the 3D dataset brings researchers
closer to building intelligent machines, to do for embodied AI what
pioneers before us did for 2D computer vision and other areas of
AI."
HM3D is free and available now for academic, non-commercial
research. Researchers can use it with FAIR's Habitat simulator to
train embodied agents, such as home robots and AI assistants, at
scale. HM3D is a foundational step towards helping these agents
navigate through real-world environments and better understand the
variations of spaces such as bedrooms, bathrooms, kitchen and
hallways, as well as the different configurations of those rooms
within every structure. It can also assist robots in recognizing
how objects within rooms are typically arranged so that
instructions are correctly understood. This research could one day
be used in production applications like robots that can retrieve
medicine from a bedroom nightstand or AR glasses that can help
people remember where they left their keys.
"We are excited to collaborate with Facebook as we provide
the academic and research communities access to this unique spatial
dataset that is sure to impact how we work and live," said
Conway Chen, Vice President of
Business Development and Alliances at Matterport. "With more than
five million spaces captured with the Matterport platform, we are
the only company that can offer a diverse library of
high-resolution, data-rich digital twins of various styles, sizes,
and complexities from across the world. HM3D can also be used more
broadly by academia, and we can't wait to see what innovations
emerge."
"We've been challenged with a lack of spatial data to advance
innovation in real-estate, construction, robotics, augmented
reality, and more. But with the HM3D dataset from the collaboration
between Matterport and Facebook AI, we're excited about the
significant progress we'll make in advancing research in indoor
scene reconstruction, generation, and analysis at a house-scale for
the first time," said Yasutaka
Furukawa, Associate Professor of Computing Science at
Simon Fraser University.
Matterport has defined the spatial data category for the built
world with its market-leading platform that transforms any physical
space into an accurate and immersive digital twin. Today, many
industries leverage Matterport's digital twins and spatial data
insights to fundamentally change the way business is done. Real
estate agents gain a deeper understanding of every property that
gets digitized and gain the ability to see what is most important
to thousands of prospective buyers. Retailers can digitize multiple
stores at any point in time to track fixed assets and inventory.
Developers and property owners can use Matterport to document every
stage of construction and create a robust digital system of record
over the entire lifecycle of the building. Matterport's rapidly
expanding developer platform makes it easy for partners and
developers to create powerful new tools and draw new property
insights, fueling industry-wide innovation that makes every space
more valuable, accessible and useful.
For more information about HM3D and its use in embodied AI
research with the Habitat simulator, read the Facebook AI blog.
Click here to learn more about the possibilities spatial data
libraries can unlock.
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.
©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 are described in
Gores' final proxy 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/prospectus of Gores. The Form S-4 was declared effective
by the SEC on June 17, 2021. The
definitive proxy statement/prospectus will be sent to all Gores
stockholders as of June 16, 2021, the
record date 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/prospectus
contains 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/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/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/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