October 14, 2019 News Magazine

Matterport acquires AI special effects startup Arraiy

Real estate computer vision platform startup Matterport is set to acquire Arraiy, an AI startup aiming to automate special effects processing in film.

Arraiy raised $13.9 million according to Crunchbase, most recently a $10 million Series A in March of 2018. Lux Capital and Softbank Ventures Asia led the round. Lux Capital notably also led Matterport’s Series A back in 2013. In comparison, Matterport has raised about $114 million to date.

Arraiy used AI tech to more seamlessly overlay digital content on physically captured spaces. The company had been firmly focused on changing the way digital effects houses in Hollywood made films. While plenty of computer vision startups were aiming to use AI and AR technologies to bring live Snapchat-like AR functionality to different corners of the web, Arraiy was banking on the high-fidelity world of film where special effects production is an expensive, time-intensive process.

Arraiy’s founders previously started Industrial Perception, a robotics startup which Google acquired in 2013.

The startup tackling Hollywood special effects and a startup best known for digitizing real estate properties to give potential buyers 3D tours might not seem like the most idyllic pairing, but the acquisition might allow Matterport to expand its ambitions further beyond its real estate customer base.


Source: TechCrunch

Tags: in Uncategorized
Banner
Related Posts

Don’t worry, ZTE has a 5G phone, too

February 25, 2019

February 25, 2019

Another name to add to the ever-lengthening list of 5G phones hitting Barcelona this week. ZTE just announced the Axon...

Shodan Safari, where hackers heckle the worst devices put on the internet

January 21, 2019

January 21, 2019

If you leave something on the internet long enough, someone will hack it. The reality is that many device manufacturers...

Nvidia’s T4 GPUs are now available in beta on Google Cloud

January 16, 2019

January 16, 2019

Google Cloud today announced that Nvidia’s Turing-based Tesla T4 data center GPUs are now available in beta in its data centers...

Audi’s new Q4 e-tron concept is a compact electric crossover with 280 miles of range

March 5, 2019

March 5, 2019

Audi provided Tuesday an advanced look at what will be its fifth production electric vehicle, a compact crossover concept that...

For less than $10, anyone can make an AI write a fake UN speech

June 7, 2019

June 7, 2019

Using less than $8 and thirteen hours of training time, researchers from the United Nations were able to develop a...

Ubiquitilink advance means every phone is now a satellite phone

February 25, 2019

February 25, 2019

Last month I wrote about Ubiquitilink, which promised, through undisclosed means, it was on the verge of providing a sort...

LG says smart TVs will gain AirPlay 2 and HomeKit support next week

July 23, 2019

July 23, 2019

In addition to Samsung and Vizio, LG announced earlier this year that it would be adding support for Apple’s ecosystem...

WeWork could challenge Starbucks in China with new on-demand service

January 29, 2019

January 29, 2019

The rise of Starbucks in China, like that in the west, is closely linked to its function as a “third...

A nanoparticle injection is all it takes to let these mice see in infrared

February 28, 2019

February 28, 2019

I know it’s everyone’s dream to see outside the wavelengths allotted to our visual systems. Well, as usual, mice have...

Startups Weekly: Zoom CEO says its stock price is ‘too high’

April 20, 2019

April 20, 2019

When Zoom hit the public markets Thursday, its IPO pop, a whopping 81 percent, floored everyone, including its own chief...

A look at new power banks from OmniCharge and Fuse Chicken

March 30, 2019

March 30, 2019

When you’ve been doing this job long enough, you start to develop strange interests (though some might compellingly argue that...

Alphabet’s Sidewalk Labs is developing visual cues to indicate when their tech is monitoring you

April 19, 2019

April 19, 2019

Alphabet’s subsidiary focused on urban tech development, Sidewalk Labs, is now trying to reinvent signage for smart cities. These signs...

Partech is doubling the size of its African venture fund to $143 million

January 31, 2019

January 31, 2019

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next...

Online bank Simple makes things harder by removing bill pay

May 24, 2019

May 24, 2019

With a growing number of challenger banks taking on the U.S. market, one of the original startup banks, Simple —...

CO2 in the atmosphere just exceeded 415 parts per million for the first time in human history

May 12, 2019

May 12, 2019

The human race has broken another record on its race to ecological collapse. Congratulations humanity! For the first time in...

Comments
Leave a Reply

Your email address will not be published. Required fields are marked *