3D camera marker Matterport wants to give customers the tools they need to make photo-realistic models of real-world spaces. And to do so, the company has raised a new $16 million round of financing.
The funding was led by DCM, with AME Cloud Ventures also participating. Other investors include Lux Capital, Felicis Ventures, Greylock Partners, Navitas Capital, AMD Ventures, Qualcomm Ventures, Rothenberg Ventures, Sling Media co-founder Blake Krikorian, and Crate & Barrel founder Gordon Segal.
Along with the funding, Sling Media co-founder Jason Krikorian is joining the company’s board.
Y Combinator graduate Matterport makes a $4,500 3D capture camera, along with a backend cloud storage platform for media shot with the camera, and software apps for viewing and navigating around those models.
To start, Matterport is targeting the real-estate market to enable brokers and real estate agents to capture and display realistic models of properties that are available for rent or sale.
While Matterport’s products have all existed within its own ecosystem of hardware and software, the company hopes to open up to enable other hardware and software to access its technology with the funding.
At some point, Matterport will enable users to shoot 3D models with their own smartphones, tablets, and accessory 3D cameras running Matterport 3D Capture software. And it’s building a 3D application framework that third-party developers will be able to use to deliver content captured with its hardware and apps.