Technologies bringing about a new reality

Extended Reality

<div>
 
 Matterport is a spatial data company that focuses on digitizing and indexing real-world spaces and structures. Its product offering enables users to create any space into an interactive 3D version, which can then be used to design, build, operate, promote, and better understand the space. Matterport&rsquo;s offering has applications in a wide range of industries including real estate, 3D photography, retail, travel &amp; hospitality, homeowners, insurance, construction, and facilities management. Matterport&rsquo;s spatial data capturing solutions include an iOS and Android app that lets users capture spaces with their smartphones freehand or using its phone mount (&ldquo;Matterport Axis&rdquo;) and a selection of cameras with varying degrees of dimensional accuracy and image quality. The company also provides the option to directly hire technicians to capture spatial data. 
 
 
 The company also offers an AI platform (named Cortex) that transforms scanned data into interactive 3D models and blurs out any human faces. Users can then edit, add, modify, embed content, and annotate the spaces accordingly to create videos and guided tours and publish them to social media, email, websites, or Google Street View, VRBO, Realtor.com, and other platforms. The platform&rsquo;s measurement mode also allows users to take accurate measurements within the 3D model. Furthermore, Matterport&rsquo;s APIs and SDKs can be used to build custom apps and create new 3D experiences.
 
 
 As of December 2022, the company had 590 employees across its 6 global offices and had a customer base of ~700,000 subscribers spanning 150+ countries. Matterport operates a subscription-based model for its platform, with a free-to-use version, two paid plans priced at USD 10 and 70 per month, and a custom enterprise plan.
 
 
 The company&rsquo;s strategic acquisitions include Enview (January 2022), a 3D spatial analytics company, for USD 37 million. The acquisition is expected to accelerate the development of Matterport&rsquo;s spatial data analytics platform to optimize operations and management of physical spaces. Other acquisitions include Arraiy (July 2019), a startup that developed AI-based technologies to overlay digital content onto physically captured spaces in the film industry, and Virtual Walkthrough (July 2016), a UK-based startup that focused on virtual tours for commercial and residential properties.
 
 
 Funding and financials
 
 
 Matterport was listed on NASDAQ in July 2021 through a SPAC deal and raised USD 640 million in gross proceeds at a 2.9 billion valuation. In FY2023, revenue grew by 16% YoY to USD 157.7 million, although its net loss widened by 79% YoY to USD 199.1 million. The company forecasts revenue growth of 11% per annum from FY 2024-2026.
 
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Mojo Vision is the developer of AR contact lens Mojo Lens, which was developed in partnership with Japanese contact lens maker Menicon. Mojo Lens includes a built-in microLED display that allows the user to view AR-based monochrome images, symbols, and text without obstructing their view or restricting mobility. The company intends to work with fitness brands and the visually impaired initially.In January 2023, the company announced a halt in the production of their smart contact lenses and laid off 75% of its staff due to difficulties in raising funds. The company has since then pivoted its focus on the production of micro-LED’s. Milestones achieved in micro-LED development include lighting up the first 300 mm GaN-on-silicon, blue micro-LED array wafer (May 2023) and powering the world's highest-density (14K ppi) red micro-LED micro display (June 2023).Key customers and partnerships&nbsp;In May 2023, the company partnered with DigiLens to use its micro-LED technology for improved AR glasses. Previous partnerships include to deliver performance and real-time stats data to runners, cyclists, and golfers for performance measurements include Adidas Running (running/training), Trailforks (cycling, hiking/outdoors), Wearable X (yoga), Slopes (snow sports), and 18Birdies (golf) as of January 2022.Funding and financialsIn <a href="https://sp-edge.com/updates/22660">October 2023</a>, Mojo Vision raised 21.1 million in an extended Series A funding round. Funds were earmarked for the development and commercialization of its micro-LED displays. Previously, in <a href="https://sp-edge.com/updates/17541">April 2023</a>, the company raised USD 22.4 million in a Series A funding round.

Property owners and real estate companies are able to handle larger portfolios while offering faster and cheaper services.

Residential PropTech

<div>
 
 Matterport is a leading provider of all-in-one 3D data platforms that can make digital twin copies of a real-world place (room, building, or outdoor space) or object. The platform can be used to design, build, operate, and understand any space. The technology is currently available to many industries, including the real-estate sector. According to the company, thousands of businesses across more than 130 countries have used Matterport, including large enterprises as well as startups. In February 2024, Matterport launched 
 <a href="https://sp-edge.com/updates/26675">
 Property Intelligence
 </a>
 , an AI-powered tool that allows users to automate measurements, layouts, and editing, with reporting capabilities generated from a Matterport digital twin of their property.
 
 
 In the real-estate sector, Matterport enables companies to scan properties they list and provide a digital copy to their clients. By just clicking the links, clients can walk through the houses to see every little detail at any time. Its clients include Coldwell Banker, Sotheby&rsquo;s International Realty, and Redfin.
 
 
 The price for using the technology ranges between USD 9.99 and USD 689 per month, depending on the number of active models (i.e., spaces) that can be explored, edited, and shared.
 
 
 In January 2022, Matterport acquired Enview, an AI-based 3D spatial data analytics platform. Through this acquisition Matterport was to leverage Enview&rsquo;s technology to support the development of its spatial data analytics platform which would be capable of providing insights and business intel by optimizing operations and management on any physical space. The company also acquired real estate marketing platform 
 <a href="https://sp-edge.com/updates/11509?industryIds=37">
 VHT Studios
 </a>
 in June 2022. This was done in order to integrate VHT Studios&rsquo; digital marketing services into Matterport's 3D digital twin technology and expand its product offerings to enter other verticals such as commercial real estate, travel and hospitality, and the retail sector.
 
 
 Key customers and partnership
 
 
 In June 2023, Matterport 
 <a href="https://sp-edge.com/updates/19236">
 partnered with CompuSoluciones,
 </a>
 a Mexico-based technological solutions distributor for companies, to utilize its sales teams to enter and distribute its digital twin platform, Pro3 and Pro2 cameras targeted at SMEs, and other enterprises within Mexico and Colombia.
 
 
 Funding and financials
 &nbsp;&nbsp;
 
 
 In July 2021, Matterport merged with the special-purpose acquisition company (SPAC) Gores Holding VI at an equity valuation of USD 2.9 billion. As part of the transaction, the company received approximately USD 605 million in cash (net of fees) including around USD 310 million (net of redemptions) from the SPAC and USD 295 million in additional financing led by investors Tiger Global Management, Senator Investment Group, and Dragoneer Investment Group.&nbsp;
 
 
 Matterport reported total revenue of USD 157.7 million for FY2023 (up 16% YoY), compared to total revenue of USD 136.1 million recorded in FY2022. Despite this, the company incurred a non-GAAP net loss of USD 65.8 million for FY2023, compared to a non-GAAP net loss of USD 116.7 million in FY2022. For FY2024, Matterport expects to generate total revenue in the range of USD 173 million &ndash; 183 million (implying a YoY growth of 19%&ndash;22%).&nbsp;
 
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Digitizing the commercial real estate value chain

Commercial PropTech

<div>
 
 Matterport is the digital transformation of the built world. The Company&rsquo;s groundbreaking spatial computing platform turns buildings into data making every space more valuable and accessible. Millions of buildings in more than 150 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing.
 
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Using real-time data to create dynamic virtual representations of the real world

Digital Twin

Matterport provides all-in-one 3D data platforms that can make digital twin copies of a physical space (room, building, or outdoor space) or object. The platform can be used to design, build, operate, and understand any space, and can be used in many industries, including real estate, travel &amp; hospitality, and manufacturing.The company follows a subscription-based business model with monthly subscription prices ranging between USD 9.99 and USD 689, depending on the number of active models (i.e. spaces) that can be explored, edited, and shared.In January 2022, Matterport acquired Enview, enhancing its spatial data analytics platform for optimizing operations in physical spaces. In <a href="https://sp-edge.com/updates/11509?industryIds=37">June 2022</a>, the company expanded its offerings by acquiring VHT Studios, integrating digital marketing services into its 3D digital twin technology to enter new industries.In September 2023, the company captured and restored a 2,000 year-old Aso Shrine in Japan, which collapsed in 2016 due to an earthquake, as a digital twin.Key customers and partnershipsAccording to the company, thousands of businesses across more than 150 countries have used Matterport, including large enterprises as well as startups. Its clients include Coldwell Banker, Sotheby’s International Realty, and Redfin.Matterport is pursuing strategic partnerships to drive its pipeline, expand its industry ecosystems, and explore new distribution channels to widen its global reach. The company entered several key partnerships, including: 1) <a href="https://sp-edge.com/updates/26226">Arcadus</a> to offer digital twin platform for public sector (February, 2024), 2) V<a href="https://sp-edge.com/updates/26449">isiting Media</a> to enhance sales enablement for hospitality sector (February, 2024), 3) <a href="https://sp-edge.com/updates/23936">Belden</a> to provide advanced connectivity solutions for facilities management (November, 2023); 4) <a href="https://sp-edge.com/updates/21999">Procore Technologies</a> to enhance its platform’s ecosystem for design and construction management software services (September, 2023); 5) <a href="https://sp-edge.com/updates/19980">Equinox Technologies</a>, to offer its digital twin platform in the Middle East, Africa, and Asia-Pacific regions (July, 2023); 6) <a href="https://sp-edge.com/updates/19248">CompuSoluciones</a>, to expand its presence in Mexico and Colombia (June, 2023); 7) Amazon Web Services’ IoT, <a href="https://sp-edge.com/updates/17764">TwinMaker</a>, allowing Amazon’s customers to link real-time IoT data and create digital twins using Matterport's solution (April, 2023); and 8) <a href="https://matterport.com/news/matterport-expands-platform-integrations-autodesk-construction-cloud-transform-complex-and">Autodesk</a>, to expand platform integrations with Autodesk Construction Cloud and subsequently became an Autodesk Premium Partner, (March, October, 2023).Funding and financialsMatterport was listed on NASDAQ in July 2021 through a SPAC deal and raised USD 640 million in gross proceeds at a 2.9 billion valuation. However, in <a href="https://sp-edge.com/updates/28715">April 2024</a>, the company was acquired by CoStart Group in a cash and stock transaction with an equity value of USD 2.1 billion.Matterport reported total revenue of USD 157.7 million for FY2023 (up 16% YoY), compared to total revenue of USD 136.1 million recorded in FY2022. Despite this, the company incurred a non-GAAP net loss of USD 65.8 million for FY2023, compared to a non-GAAP net loss of USD 116.7 million in FY2022. For FY2024, Matterport expects to generate total revenue in the range of USD 173 million – 183 million (implying a YoY growth of 19%–22%).

Mojo Vision is focused on developing and commercializing high-performance micro-LED display technology for consumer, enterprise, and government applications. The company combines breakthrough technology, leading display and semiconductor expertise, and an advanced 300mm manufacturing process to deliver on the promise of micro-LED displays. Mojo’s proprietary quantum-dot technology brings full-color capability to its display platform and meets the superior performance demands for all form factors. Mojo Vision developed the world’s smallest, densest dynamic display for the first AR smart contact lens and is now applying this innovation and expertise to lead the disruption of the $160 billion display industry. Mojo Vision was founded in 2015 and headquartered in Saratoga, California.

Matterport is a spatial data firm dedicated to digitizing and indexing the built environment. Its all-in-one 3D data platform allows anyone to transform a location into an exact and immersive digital twin that can be used to design, develop, operate, promote, and comprehend any environment.

Founded in 2006, Mtell provides software solutions for managing the health of industrial equipment with machine learning. Making machines smart, Mtell plays an important role in developing the Industrial Internet. In addition to reducing risk to people safety, and the environment, Mtell is a significant contributor to equipment performance and profitability. Solutions are deployed globally in the oil and gas, mining, pharmaceutical, and wastewater industries. For more information, visit us online at http://www.mtell.com.

ServiceMax is the global leader in Service Execution Management, a software category that includes both Field Service Management and Asset Service Management. ServiceMax provides a cloud-based software platform that improves the productivity of complex, equipment-centric service execution for OEMs, operators, and 3rd-party service providers. Enterprise companies across the globe have turned to ServiceMax to help them keep the world running while reaping the benefits of increased revenue, higher productivity, improved customer experience, secure enterprise communication, greater safety, and better compliance.

PTC Inc. is a US-based company that is engaged in developing, marketing, and supporting product lifecycle management (PLM) software solutions and associated services. It is a provider of technology platforms and enterprise applications for smart and connected products, operations, and systems. It serves its products to various industries including manufacturing, publishing, services, government, and life sciences sectors. Currently, PTC employs more than 6,000 professionals and serving more than 28,000 businesses worldwide. It was established in 1985.

<div> PTC (NASDAQ: PTC) is a provider of enterprise software, which enables industrial companies to digitally transform their operations. Founded in 1985 and headquartered in Boston, the company was listed on the Nasdaq exchange in 1989. PTC caters to customers in over 60 countries (as of November 2023) and generated revenue of USD 2.1 billion in FY2023 (year ending September 30).&nbsp; The company reports revenue across two segments: the computer-aided design (CAD) segment, which accounted for ~63% of total revenue in FY2023, and the product lifecycle management (PLM) segment, which accounted for ~37% of revenue.The company caters to manufacturers in the aerospace and defense, automotive, electronics and high-tech, industrial machinery and equipment, life sciences, retail, and consumer products industries.&nbsp; The Americas is PTC&rsquo;s largest regional market, accounting for ~50% of total revenue in FY2023, followed by Europe (~35%) and the Asia-Pacific (~14%). In FY2024, PTC expects revenue growth to range between 8.0% and 13.0% YoY (compared with ~8.0%&ndash;11.0% YoY in FY2023) and ARR growth of ~11.0%&ndash;14.0% YoY (+22.0%&ndash;24.0% YoY in FY2023). The company expects to reduce its near-term emissions and achieve net-zero status in the long term (although a specific timeline has not been disclosed, as of November 2023). </div>

Using data and automation to achieve 24/7 production.

Smart Factory

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Provides a suite of AR tools to create AR experiences for employee training, displaying frontline instructions on training procedures, remote assistance, and knowledge transfer solutions

AR/VR platforms

Content

Vuforia Expert Capture, Studio, Engine and Chalk

Mapping and modeling software (real-time simulation, design refinement and validation, nonlinear contact and materials, combined structural and thermal studies, training)

PTC

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