Matterport, a US-based technology company which is developing a camera system for creating cloud-based 3D models of physical spaces, and which is backed by Qualcomm, has raised a $2.8m series A, second tranche of financing from angel investors Gordon Segal, founder of retail store chain Crate & Barrel, and Blake Krikorian, co-founder of electronics company Sling Media.
The Series A-1 funding brings the total capital raised by Matterport to $10m. Previously, Matterport raised a $5.6m series A, first tranche of funding in March 2013, and $1.6m seed funding in 2012. Matterport investors include Qualcomm Ventures, the corporate venture division of US-based semiconductor and telecoms equipment company Qualcomm, as well as venture capital firms Lux Capital, Felicis Ventures, Greylock Partners, Navitas Capital, Red Swan Ventures, Rothenberg Ventures, and angel investors.
The funding will be used to help accelerate the development of new features for Matterport’s version 1.0 system.
Matt Bell, Matterport co-founder and chief executive officer, said: “Matterport is defining a new type of immersive imaging that allows people to capture, modify, and share 3D realities. Once 3D sensors are embedded in cameras and mobile devices, this experience will be commonplace.”
Peter Hebert, co-founder and managing partner of Lux Capital, said: “We’re proud to welcome several great entrepreneurs as Matterport investors and shareholders. These individuals have founded and built remarkable companies, and can also personally help accelerate Matterport’s development of key vertical markets.”
Matterport was launched out of the Y Combinator business incubator.