Provider of 3D image capture technology, Matterport, has brought on former eBay chief product officer RJ Pittman to be the company's new chief executive.
Pittman will take the reins from former chief executive Bill Brown, who will continue to advise Matterport as the company looks to capitalize on its library of three-dimensional scans.
The company currently has a library of 1.4 million three-dimensional models that have been viewed at least 600 million times since the company launched.
According to Silicon Valley Business Journal, the company had revenue in 2017 of $33 million from selling its camera equipment and software services to businesses.
The company was launched when founders Matt Bell and David Gausebeck realized the commercial potential of the motion capture and sensor technology that Microsoft had unveiled with their Kinect camera back in 2010.
At the time, the company’s several-thousand-dollar pieces of hardware were the cutting edge for capturing images — now it can be done with software and a cell phone camera. The march of technology has put Matterport in a somewhat precarious position, but the company continues to lock in deals with companies like Donan, an investigation service for insurers and others that look at fire damage.
The company has inked deals with a number of different enterprise customers — and even brought on State Auto Labs as a strategic investor earlier this year.
Read more here
Join us in Bangkok the 19th to the 22nd of March for the Property Portal Watch Conference.