Matterport Raises $5 Million

Virtual reality startup Matterport completed $5 million in financing from Ericsson Venture Partners, Lux Capital, DCM Ventures, Qualcomm Ventures, AMD, AME Cloud Ventures, and CBRE.

Matterport is a 3D media technology company that uses computer vision and sensor technologies to create the next generation of engaging photography that will enable more immersive interactions on the web, mobile, and VR.

The company revealed that Matterport plans to use the funds to accelerate its deep learning R&D efforts, extend its end-to-end platform, and continue developing 3D and VR business solutions while building out its global infrastructure.