Arraiy raised $13.9 million in keeping with Crunchbase, most not too long ago a $10 million Collection A in March of 2018. Lux Capital and Softbank Ventures Asia led the spherical. Lux Capital notably additionally led Matterport’s Collection A again in 2013. Compared, Matterport has raised about $114 million up to now.
Arraiy used AI tech to extra seamlessly overlay digital content material on bodily captured areas. The corporate had been firmly targeted on altering the way in which digital results homes in Hollywood made movies. Whereas loads of laptop imaginative and prescient startups had been aiming to make use of AI and AR applied sciences to carry dwell Snapchat-like AR performance to completely different corners of the online, Arraiy was banking on the high-fidelity world of movie the place particular results manufacturing is an costly, time-intensive course of.
Arraiy’s founders beforehand began Industrial Notion, a robotics startup which Google acquired in 2013.
The startup tackling Hollywood particular results and a startup greatest recognized for digitizing actual property properties to provide potential consumers 3D excursions may not appear to be probably the most idyllic pairing, however the acquisition may permit Matterport to increase its ambitions additional past its actual property buyer base.