Simulating reality is an increasingly common occurrence in today’s tech startups, whether that’s modeling the behavior of cancer cells or creating a digital twin of a factory floor. While tools like Google Maps now help us navigate the real world using a virtual representation, the functionality stops outside the doorsteps of the more than 4 billion buildings that represent the largest asset class in the world. Real estate, in all its forms, has an estimated value of over $230 trillion. Capturing just a few basis points on all this value could make for a very compelling business model.
About Matterport
Founded in 2011, Silicon Valley company Matterport took in about $114 million in disclosed funding from a long list of investors including Qualcomm (QCOM), Ericsson (ERIC), AMD (AMD), and PTC (