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Matterport Takes Its 3D Maps to the Public Markets

The $2.9 billion startup will get its public market debut via a SPAC on Friday. 

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Matterport is Digitizing the Built World
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Matterport Inc. is set to begin trading Friday on the Nasdaq under the symbol MTTR, after seeing a surge in demand for its 3D mapping products during the pandemic. 

The software company is raising $640 million by merging with special purpose acquisition company Gores Holdings VI Inc. and through a related funding round led by Tiger Global Management, Dragoneer Investment Group and others. The equity of Matterport and Gores Holding VI, backed by billionaire Alec Gores, is valued at $2.9 billion.