China’s largest property startups are rapidly catching up with their US counterparts, but despite growing opportunities, entering the market remains a challenge for western companies, according to a report by MetaProp.
Matterport is due to go public in a massive $2.9bn deal this year. Taking a brief break from the mission to digitalise the entire built environment, James Morris-Manuel, MD of EMEA at Matterport, speaks to Karl Tomusk about what lies ahead.
Four years after founding, the artificial intelligence-powered design platform that helps architects find the best solution for a site, has been acquired by the US CAD giant in one of the largest property tech acquisitions seen to date.
The startup has raised a $4.5m funding round to further accelerate its 10x growth. Leading the round are LAUNCHub Ventures and Hoxton Ventures joined by another European VC firm, Hardware Club. Existing investor Change Ventures also participated.
The most advanced, fully interactive virtual reality digital twin of a major city area has been unveiled in a collaboration between the City of London Corporation, Innovate UK, New London Architecture and VU.CITY.