Latest News
Matterport to acquire AI-driven production platform Arraiy
Matterport, the world leader in 3D capture technology and data, announced today that it intends to acquire Arraiy, the pioneer behind breakthrough machine learning and computer vision technology that allows visual creators to integrate real and virtual worlds.
Matterport introduced the category of affordable 3D capture for business and has increased adoption of 3D capture and visualization technology across industries, including architecture, engineering and construction (AEC); insurance, restoration, and property claims; travel and hospitality; residential and commercial real estate; among others. Arraiy has developed a self-improving artificial intelligence (AI) software that leverages machine learning and computer vision to unlock new techniques for integrating real and virtual digital imagery.
Upon completion, the acquisition will integrate Arraiy’s core engineering team into Matterport in support of the company’s mission to build the industry’s leading computer vision data platform. Earlier this year, Matterport took a significant step toward achieving this aim with the launch of its proprietary cloud software, Matterport Cloud 3.0, and AI engine Cortex, leveraging AI-powered image-processing technology to transform panoramic and 360-degree images into fully immersive 3D models; understand objects, rooms and the detailed characteristics of a space and label specific rooms on a floor plan.
“Arraiy has assembled some of the very best minds in the industry to solve really hard problems in machine learning and computer vision today,” said RJ Pittman, CEO of Matterport. “By integrating Arraiy’s groundbreaking technology and talented team, we will be able to accelerate the creation of new products and features that will make Matterport significantly more powerful and accessible to both new and existing users.”
“The Arraiy team is thrilled to join with Matterport to continue to innovate with computer vision and machine learning,” said Ethan Rublee, CTO and founder of Arraiy. “I’m convinced that Matterport’s platform will enable incredible opportunities to leverage AI in the places we live and work.”
The Arraiy acquisition will also bring Matterport into close collaboration with OpenCV, the AI industry’s leading open source computer vision and machine learning software initiative, led by Arraiy co-founder Gary Bradski.
“We look forward to working closely with our newest team members and the Arraiy CV tech stack, along with Gary Bradski and the OpenCV initiative to expand our role helping to shape the computer vision industry,” said Dave Gausebeck, co-founder and CTO of Matterport.
“Matterport’s industry-leading 3D capture technology has harnessed the power of computer vision and deep learning to transform multiple industries throughout the built world,” said Bradski. “We see fresh potential to further disrupt these markets by leveraging our combined advancements in the field of computer vision and machine learning.”
SOURCE Matterport
Blockchain
Global Payment Gateway Industry Report 2024: Seamless Integration with In-Game Virtual Currency Systems Enables Payment Gateways to Contribute to the Monetization Strategies of Game Developers
Global Payment Gateway Market
Blockchain
Digital collective restores carbon market credibility through immutable smart contracts
Blockchain
Online Banking Market to Grow at CAGR of 14.20% through 2033, Key Takeaways of Digital Banking, Banking Ecosystem, Financial Giants & Disruptive Startups
-
Blockchain Press Releases7 days ago
Canaan Shines at Blockchain Life 2024 in Dubai
-
Blockchain7 days ago
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
-
Blockchain6 days ago
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain7 days ago
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
-
Blockchain6 days ago
Tether USDT stablecoin goes live on TON blockchain
-
Blockchain6 days ago
Crypto fans count down to bitcoin’s ‘halving’
-
Blockchain Press Releases6 days ago
DWF Labs joins the Klaytn Governance Council
-
Blockchain Press Releases2 days ago
DeFi Lens builds advanced Generative AI for Technical Analysis