Spatial data company Matterport has completed its acquisition of Enview, a 3D geospatial analytics (3DGA) company.
By using Enview’s AI-based automation platform, Matterport aims to accelerate the development of its spatial data analytics platform and provide customers with advanced business intelligence for any physical space.
Matterport acquired Enview for a purchase price of 1.59 million shares of Matterport’s Class A common stock, valued at $0.0001 per share, plus $35.5m (£26.1m) in cash. The deal grants Matterport 100% ownership of all the issued and outstanding equity interests in Enview.
Enview says its 3D AI platform has been deployed at a nation-scale to solve various mission-critical challenges. The technology has been used in everything critical from infrastructure protection for Fortune 500 energy companies, automating property analytics for insurance and disaster recovery applications, and logistics and mobility applications for national security customers.
“Enview’s powerful spatial data analysis technology fits right into this strategy and readily complements the Matterport platform,” said RJ Pittman, Matterport’s chairman and CEO. “Together, we can deliver breakthrough building analysis and data insights to our customers including automated building inspections, AI-powered space planning, and property utilisation analysis to deliver operating efficiencies in a completely digital environment.”
Public and private sector organisations currently use Enview’s AI platform to virtualize the physical world and derive insights, including protecting people and infrastructure and enhancing national security.
“Matterport is the clear leader in the massive market to digitize the world’s built spaces,” added San Gunawardana, co-founder and CEO of Enview. “Joining Matterport provides a unique opportunity to pair our leading 3D AI technology with Matterport’s rich spatial data to provide new levels of datafication and insight to customers around the world.”