<div>
  <ul>
    <li>
      <p>
        Matterport, a 3D spatial data capture platform, has collaborated with Procore Technologies, a construction management software company, to enhance its platform's ecosystem for design and construction management software services. This collaboration builds on an existing partnership in February 2020 to integrate Matterport's 3D model into the Procore software.
      </p>
    </li>
    <li>
      <p>
        Under the terms of the agreement, Matterport will be available in the Procore App Marketplace. Procore users will be able to utilize features such as RFIs, Observations, and Coordination Issues directly within Matterport's 3D digital twins, creating a visual system of record for site conditions. This centralizes record-keeping, improves progress tracking, and enables efficient closeout processes.&nbsp;
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         As highlighted in the company&rsquo;s Q2 2023 earnings update, Matterport is actively pursuing strategic partnerships to drive its pipeline, expand its industry ecosystems, and explore new distribution channels to widen its global reach. Earlier this year, the company entered several key partnerships, including: 1) 
        <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); 2) 
        <a href="https://sp-edge.com/updates/19248">
          CompuSoluciones
        </a>
        , to expand its presence in Mexico and Colombia (June 2023); and 3) 
        <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 (in March 2023).
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.globenewswire.com/news-release/2023/09/19/2745651/0/en/Matterport-and-Procore-Technologies-Deepen-Digital-Twin-Integration-To-Streamline-Design-and-Construction-Processes.html#:~:text=With%20this%20latest%20enhancement%2C%20team,and%20more%20efficient%20closeout%20processes.">
      Press release
    </a>
  </p>
  <p>
    <a href="https://beststocks.com/revolutionizing-design-and-construction-the-i/">
      Best Stocks
    </a>
  </p>
  <p>
  </p>
</div>


Digital Twin

ANALYST_QUICK_TAKE

DISRUPTOR_PRESENT

PROMINENT_CATEGORY

Matterport, a 3D spatial data capture platform, has partnered with Procore Technologies, a construction management software company, to improve its platform's ecosystem for design and construction management software services. This collaboration expands on their previous integration of Matterport's 3D model into Procore's software. As part of the agreement, Matterport will be available in the Procore App Marketplace, allowing Procore users to access features directly within Matterport's 3D digital twins. This creates a centralized system for recording site conditions, improves progress tracking, and streamlines closeout processes. Matterport has been actively pursuing strategic partnerships to drive growth and expand its global reach.

Matterport partners with Procore Technologies to serve design and construction industry

Digital twin provider Akselos has formed a partnership with floating, production, storage, offloading (FPSO) manufacturer Yinson Production and oil and gas exploration company Enauta. The companies will deploy Akselos' digital twin technology on the Atlanta FPSO vessel in Brazil's Santos Basin. The aim of the collaboration is to enhance safety, improve operational efficiency, and optimize lifecycle asset management using digital twins. Akselos' RB-FEA technology will provide real-time asset monitoring and simulations of the FPSO, integrating with its Hull Monitoring System. The company claims the technology is 1,000x faster than older simulation methods.

Akselos, Yinson, and Enauta to deploy FPSO digital twin in Brazil

Nexar has recently laid off 17 employees, which accounts for 14% of its workforce. This is the third round of layoffs for the company in the past 10 months, resulting in a reduction of over 30% of their staff. The affected employees were from different departments and locations within the company. Despite the layoffs, Nexar remains committed to using AI and computer vision to improve road safety and transportation infrastructure. The company intends to continue expanding its operations and speeding up product development.

Nexar lays off 14% of workforce

INCUMBENTS_PRESENT

AI-powered computational imaging company, Atlis Labs, has launched Nota, a digital twin platform that uses AI to analyze data from clinical trials. The platform, which is partnered with pharmaceutical giants Bayer Pharmaceuticals and AstraZeneca, generates digital twins for each patient in clinical trials to predict disease progression. This helps biopharma companies make informed decisions, prioritize drug candidates, and develop effective therapies. Nota is supported by funding from Canada's digital technology cluster and has already been used in over 182 million data points for clinical trials, patient stratification, and drug discovery efforts.

All Updates

Matterport partners with Procore Technologies to serve design and construction industry

Akselos, Yinson, and Enauta to deploy FPSO digital twin in Brazil

Nexar lays off 14% of workforce

Altis Labs launches digital twin for clinical trials; partners with Bayer and AstraZeneca

Matterport partners with Equinox Technologies to bring digital twin solutions to the Middle East, Africa, and Asia-Pacific regions

Dexory raises USD 19 million in Series A funding round

Aize partners with Cintoo to enhance industry performance using reality capture technologies

Matterport partners with CompuSoluciones to enter Mexico and Colombia

DataMesh and Snapdragon Spaces partner to expand availability of digital twin and XR applications

Veerum raises USD 9.3 million in Series B funding