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VC firms DCM, AME Cloud in $16m Series B for 3D digital photo company

8 Jul 2014

camera 3d photoDCM Ventures and AME Cloud Ventures are new investors in a $16m financing round for 3D computational photography company Matterport.

Lux Capital, Greylock Partners and Rothenberg Ventures re-upped in the Series B round which will provide capital for Matterport’s mission to drive innovation in both professional 3D solutions and consumer-targeted mobile 3D media and apps.

DCM general partner Jason Krikorian said, “3D is going to happen much quicker than most people think, especially when you think of mobile devices enabled by 3D sensors and consider all of the market activity in that space.

“Matterport is leading the creation of that 3D future.”

In March, Matterport launched the first fully-automated solution for creating complete, photo-realistic, dimensionally accurate models of spaces such as the inside of a house.

The business has also partnered with Google to deliver high-quality 3D reconstruction of spaces on tablets and smartphones and will be delivering a real-time mobile application for capturing 3D images as soon as the first tablets with 3D sensor capabilities become available.

Early-stage venture capital firm DCM led a $9m Series B financing round for mobile advertising and analytics company Apsalar in August last year alongside fellow new investor Correlation Ventures and existing backers Thomvest Ventures and DN Capital.

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