May 20, 2024

Ericsson invests in Matterport 3D and VR imaging platforms

On August 22, Ericsson announced that it will invest $5 million in Matterport. Matterport has always had a place in the VR field by producing high-quality 360-degree cameras and 4K digital SLR camera still images. The company previously worked with construction and real estate companies to provide 3D floor plans and 360-degree viewing experiences.

Matterport currently has one of the largest geographical 3D databases in the world. It has been used in AI computer vision and machine learning to enable AI to better learn spatial awareness and digital reconstruction. Matterport plans to use this funding to accelerate in-depth learning and research and development to further develop commercial applications of 3D and VR platforms.

Matterport CEO Bill Brown said: “We are very pleased to work with Ericsson to consolidate our leading position in the market and bring Matterport's scalable cloud immersive media platform to more industries in the United States and abroad. 3D Model Library As an in-depth study of training data to expand our technological leadership, Ericsson sees unlimited opportunities here, believing that Matterport can create AI that will be the basis for the next generation of products. This strategic investment will help us to be faster. Develop technology and bring into full play the potential to realize the use of 3D models as the main medium for digital experience, understanding, sharing and repositioning of the world."

Ericsson has repeatedly stated that in order to form a new ecosystem, continuous growth in connectivity is essential. Albert Kim, head of venture capital at Ericsson, said that technologies such as AR / VR and 3D computer vision are an ecosystem. Significant improvement in bandwidth availability and delay time will rapidly promote the development of technology. "We are very pleased to participate in the revolution initiated by Matterport because it has been changing the existing market while creating a unique technology stack and a unique 3D computer vision data set."

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