As virtual reality (VR) grows in areas such as construction and real estate, the demand for services provided by Matterport is growing. In order to continue to meet this demand, Matterport began to raise funds and has already received new investments from the National Automotive Laboratory. Matterport created a platform for creating accurate 3D models of real-world space, viewing a variety of applications in VR, including design, architecture and real estate. With a new investment from the National Automotive Laboratory, Matterpor has expanded its business into insurance. Many industries are now leveraging the technology created by Matterport. The company can expand its influence in the insurance industry with its popularity. Some owners and insurance professionals are turning to 3D immersive media to record and evaluate asset conditions. The advantage of the Matterport system is that it can create a precise 3D real-space model that provides a more complete, detailed, and comprehensive document that can be used with 2D photos or drawings. Billerport CEO Bill Brown said: "We are pleased to work with the National Automotive Laboratory to expand the coverage of our industry-leading 3D reality capture platform in the insurance industry. National Motor Corporation is clearly standing to improve the efficiency and transparency of the insurance industry. At the forefront, we are proud to be in line with this mission.†In a relatively short period of time, Matterport has positioned itself as a way for insurance professionals and homeowners to provide a more transparent and accurate way to record residential and commercial properties. An invaluable solution. Our technology can greatly help protect one's most valuable assets, and this strategic investment will enable us to accelerate our growth in this important area. Kim Garland, senior vice president and managing director of the National Automotive Laboratory, said: “Matterport has the opportunity to completely change the way in which property risks are underwritten and to make claims in the insurance industry. We are very happy to work with Matterport because they will Revolutionary technology extends to the vertical of insurance and is proud to be the first investment project of the National Automotive Laboratory Fund." Communication Industrial Control Monitoring And Automation Connecting Line
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