Sunnyvale VR Company Matterport Acquires Real Estate Startup Virtual Walkthrough

VR

Sunnyvale-based 3D imaging company Matterport has bought London real estate virtual reality firm Virtual Walkthrough for an undisclosed price. Virtual Walkthrough allows users to tour properties through VR technology.

The purchase is a part of a wider European push by Matterport, reports the Silicon Valley Business Journal. Virtual Walkthrough is expected to become a wholly owned subsidiary, and its 200 clients should see no drastic changes.

Matterport CEO Bill Brown called the transaction a “natural fit,” citing similar company cultures and technology. He said Matterport could now serve international clients.

The Sunnyvale company was founded in 2010 and reportedly raised $56M in venture financing.

VR technology has the potential to help real estate professionals cut down on the travel times and hassle of on-site property visits. [SVBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Jose Newsletters
Related Stories

'Redefining Industry Standards': RCG's 3-Pronged Approach To Building Automation

Startup Building AI Agents For Landlords Raises $12M

Prime Residential Acquires Castro District Multifamily: The Bay Area Deal Sheet

Silicon Valley Cities See Spike In Office Demolitions

New Transamerica Pyramid Owner Inks 113K SF Of New Leases

Archer Aviation Leases 501K SF Tech Campus Near San Jose

Columbia Property Trust Modifies $1.8B Loan After Multiple Defaults

How A New CRE Platform Is Helping Owners And Brokers Unlock The True Demand For Their Assets

Prado Group, Presidio Bay Exit Deal For San Francisco Centre Mall

Bay Area Hotel Market Recovering, But Distress Still Looms

Fortinet Expands Sunnyvale Footprint With 26K SF Acquisition

Changes Prove Costly As Bay Area Lab Landlords Pursue Conversions