Matterport Releases Pro2 Lite, Its Most Affordable Camera for Capturing Properties in True3D

Immersive 3D Media Technology Company Offers New Lower-Cost 3D Camera, Making 3D Technology More Accessible to Everyone

SUNNYVALE, Calif., Feb. 15, 2018 -- Matterport, an immersive 3D media technology company, today announced the Pro2 Lite, its latest and most affordable camera. At $2,495, the Pro2 Lite makes the power of 3D technology more accessible than ever. The Pro2 Lite delivers the same fast and easy-to-use interactive 3D walkthrough experience and high-resolution 2D photography capabilities as the Pro2 model. With its push-button simplicity, the Pro2 Lite requires no training, weighs less than the Pro2, and offers the same high-quality imaging that is synonymous with Matterport.

Unlike other companies that claim to provide "3D" tours, but are actually offering 360 panoramas that create a disjointed user experience, Matterport walkthroughs are True3DTM. Matterport's industry-leading technology creates fully immersive 3D experiences, as well as a unique 3D "dollhouse" view, which offers smooth transitions from room to room, conveys an immediate understanding of scale, and illustrates spatial relationships within a property.

True3DTM space capture is becoming the baseline for property marketing, communication, collaboration and documentation, in real estate, retail, travel and hospitality, architecture, engineering, construction, and insurance. The Pro2 Lite will help fuel that momentum and will support Matterport's mission to democratize 3D technology by making it more affordable. Customers can now set themselves apart by showing their clients that they invest in the best technology, all at a lower cost to get started.

The key differences between the Pro2 Lite and the Pro2 are a shorter battery life and a different pricing structure for creating content. With four hours of battery life, a Pro2 Lite user can scan up to 8,000 square feet of space before charging the battery. The Pro2 Lite is a great option for businesses who are just getting started with Matterport, but still want to offer their clients the best 3D technology available.

"Matterport offers the world's most advanced 3D reality capture platform for businesses that want to interact with clients and partners in immersive True3DTM," said Bill Brown, Matterport CEO. "We are excited to now offer a version of the Matterport Pro2 camera at a price point that makes 3D even more accessible. Immersive 3D media is on track to replace 2D photography as the digital medium to communicate about properties, and the Pro2 Lite will help to accelerate that shift."

The Pro2 Lite release comes on the heels of Matterport's announcement that the company has enabled publishing of Matterport scans to Google Street View and rolled out significantly faster "capture" capabilities, which allow users to capture immersive 3D experiences as well as 2D photos in less time than it traditionally takes to capture just 2D photos. This dramatically increases the usefulness, as well as the ROI, for customers.

The Pro2 Lite will be shipping in March and is available for pre-order here.

About Matterport

Headquartered in Sunnyvale, CA, Matterport is creating a True3D™ image of the physical world with its innovative, end-to-end platform for capturing, experiencing, and modifying digital copies of every real world places on Web, mobile devices, and VR headsets. The company uses its proprietary machine-vision and deep learning platforms to fuel ongoing product innovation. Matterport's Cameras and Cloud Services make it quick and easy to turn real-world places into immersive virtual experiences. Matterport customers have produced almost 800,000 models across 80 countries; these models have been visited nearly 300 million times. More information about Matterport is available at www.matterport.com.