Matterport Acquires 3D AI Specialist Enview in $35 Million + Stock Deal

January 11, 2022
Share this Post: 

Spatial data company Matterport has announced the acquisition of 3D AI specialist Enview for a reported $35.5 million plus 1.59 million shares of Matterport’s Class A common stock.

Enview is a world leader in the niche of interpreting 3D data through AI, a task that is apparently notoriously complicated and fraught. According to a press release, Enview's technology is used to "solve mission critical challenges ranging from vegetation management for Fortune 500 utility companies, automating property analysis for insurance and disaster recovery applications, and logistics and mobility applications for national security customers."

With its acquisition of Enview, Matterport aims to cement its position as a market leader in the space of building digital versions of buildings (or 'digital twins' as they are known). The company that went public on the NASDAQ via a SPAC merger in July 2021, is known for providing many of the increasingly popular digital twins for property portal listings.

Commenting on the acquisition, Matterport's Chairman and CEO RJ Pitman said:

“We turn buildings into data, and for the next decade of growth, our focus centers on unlocking the power of that data for our customers around the world. Enview’s powerful spatial data analysis technology fits right into this strategy and readily complements the Matterport platform. Together, we can deliver breakthrough building analysis and data insights to our customers including automated building inspections, AI-powered space planning, and property utilization analysis to deliver operating efficiencies in a completely digital environment,”

January 11, 2022
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Zillow Housing Data
Zillow Rolls Out AI-Assisted Home Tours Nationwide

Home shoppers across the U.S. can now tour homes virtually using Zillow's free, AI-generated floor-plan tool. Zillow's AI-generated floor plan is...

Read More
Scout24 Boardroom
Scout24 Revenues Grow 15% in Q2 as User Subscriptions Grow to Nearly 300,000

Scout24, Germany's dominant portal, has released its half-year results, with strong performance across the board. Highlights include: Revenue growth of...

Read More
Shutterstock 1356000662
REA Group Smashes A$1 Billion Revenue Barrier as it Capitalizes on 'Buoyant Listings Environment' in FY22

The Australian real estate portal operator REA Group has released its report for the 2022 Australian financial year. Highlights from...

Read More
Shutterstock 502750987
Opendoor Gets Fined $62m, Partners up with Zillow

Opendoor—an iBuying specialist based in the US—has been fined by $62 million by the FTC for misleading customers and posted...

Read More

Editor's Pick