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Matterport, a leader in spatial data technology, will release its fiscal 2021 first quarter results on May 26, 2021, after market close. Following the release, management's remarks will be accessible on their investor relations page. Additionally, Matterport is set to finalize its business combination with Gores Holdings VI (GHVI, GHVIU) in the third quarter of 2021, resulting in Matterport becoming a publicly traded company named Matterport, Inc. on NASDAQ under the ticker MTTR.
Matterport, Inc., a leader in spatial data, announced the appointment of Vinatha Kutagula as Vice President of Customer Operations to enhance global customer success as it surpasses 5 million spaces captured across 150 countries. The company is set to merge with Gores Holdings VI (NASDAQ: GHVI, GHVIU), aiming for a public listing under the ticker MTTR. Kutagula's extensive experience in customer operations will support Matterport's growth and operational efficiency, as the company continues to expand its market reach in various sectors.
Matterport, Inc. has appointed Soohwan Kim as Vice President of Investor Relations. This appointment is part of its strategy to prepare for becoming a publicly listed company, following a proposed business combination with Gores Holdings VI (NASDAQ: GHVI, GHVIU). Matterport has achieved over 250,000 subscribers globally and surpassed 5 million digitized spaces. With Kim's experience in asset management and investor relations for public tech firms, he aims to enhance communication with investors during this growth phase.
Matterport Inc. has partnered with CRB to enhance operations in the biotechnology sector by utilizing its digital twin technology. This collaboration allows CRB to create accurate 3D models, significantly reducing the number of engineers required for physical site assessments from ten to one, and speeding up design projects by three weeks while cutting travel expenses by 33%. This technology supports critical vaccine development efforts during the COVID-19 pandemic and facilitates better collaboration among stakeholders. Matterport is also set to become publicly listed through a merger with Gores Holdings VI.
Matterport, Inc. has announced the significant achievement of bringing over five million buildings and spaces online, covering more than 15 billion square feet globally. This milestone reflects a doubling of Matterport digital twins since May 2020, growing rapidly due to innovations like the Matterport for iPhone app. The firm emphasizes that its technology revolutionizes how businesses manage and interact with spaces digitally. Matterport is set to become publicly listed through a business combination with Gores Holdings VI (NASDAQ: GHVI, GHVIU).
Matterport Inc. has partnered with 3DApartment, the first VR-only apartment search platform, to create 3D tours and digital twins for over 15,000 properties across New York, Boston, and Miami. Utilizing Matterport Capture Services, 3DApartment aims to expand its reach and allows customers to personalize spaces through a unique virtual staging feature. This collaboration enhances user engagement significantly, with listings featuring 3D tours reportedly selling 31% faster.
Matterport has expanded its Capture Services, an online platform designed for enterprises to efficiently digitize real estate assets globally. Now available in over 270 cities, the service connects clients with trained technicians to deliver high-quality 3D digital twins. Notable clientele includes Savills and Colliers International. The platform promises to reduce complexity and costs, allowing for rapid scheduling and delivery of digital twins within 48 hours. In 2020 alone, more than 50 million square feet were captured, showcasing significant growth.
Matterport has launched its Capture app on the Google Play Store, enabling Android users in 175 countries to create immersive 3D models of buildings and spaces. This expansion increases Matterport's market reach to 85% of the global smartphone installed base, significantly enhancing its international expansion in regions with high Android usage. The app supports over 3,500 devices and integrates with popular 360 cameras, allowing existing users to improve scanning capacity without additional device costs. The app also offers seamless publishing to Google Street View, enhancing visibility for businesses.
Matterport has launched TruePlan™ for Xactimate, a groundbreaking service designed to enhance productivity for restoration contractors. This innovative tool allows users to create accurate property sketches in one click from existing Matterport 3D scans, leading to up to 5x productivity gains and a 33% improvement in sketch accuracy. With TruePlan, contractors can estimate losses up to 4x faster, significantly accelerating the insurance claims process. This solution aims to streamline operations within the restoration and insurance industries, enhancing overall efficiency and accuracy.
On March 10, 2021, Matterport announced an extended partnership with roOomy to enhance virtual staging services for real estate agents, home buyers, and retailers. This collaboration enables potential buyers to visualize staged properties virtually, fostering real estate sales during social distancing. Research indicates that vacant homes sell for over $11,000 less and take six additional days on the market. By utilizing virtual staging, agents can reduce the time listings remain available. As Matterport prepares for a merger with Gores Holdings VI (GHVI), the combined entity aims to reach new markets.
