CEO Monthly Issue 12 2018

22 CEO MONTHLY / ISSUE 12 2018 , New leadership to drive company’s next phase of growth. Matterport Hires RJ Pittman as Chief Executive Officer Matterport, the world leader in 3D capture technology and data, announced that RJ Pittman has joined the company as Chief Executive Officer. Pittman will assume day-to-day leadership of the Company and will also join Matterport’s Board of Directors. He is a technology industry visionary and veteran, having most recently served as Chief Product Officer for eBay following leadership positions at Google, Apple and Groxis. Bill Brown, formerly CEO of Matterport, will serve in an advisory capacity to Pittman and the organization. The announcement of Pittman’s appointment coincides with a period of significant growth for Matterport, which has built a library of 1.4 million 3D models, with 600 million model views since the company’s inception. “We are approaching a tipping point in market adoption of 3D models to transform how building environments are designed, developed, experienced and managed. The commercial applications are quickly unfolding, and Matterport’s industry-leading technology is well-positioned to drive rapid market expansion,” stated David Gausebeck, Co-Founder and CTO of Matterport. “RJ’s operating experience at scale, paired with his entrepreneurial DNA and deep product vision, will be instrumental to unlocking the full potential of our breakthrough technology and unparalleled 3D media and data. His reputation for driving transformation and creating high-performance teams will invigorate our organization, attract world-class industry talent, and accelerate our next phase of growth.” Matterport has built the world’s most advanced platform for quickly and easily creating, modifying, and distributing 3D models of real-world spaces. The company has amassed the largest repository of 3D space data in the world for industries including real estate, architecture, construction, insurance, hospitality and more. Matterport leverages this data to drive its AI and deep learning algorithms to create unparalleled digital reconstruction of physical spaces, with an understanding of the spaces themselves and the objects within them. “It’s hard not to be extremely impressed with all that Bill and the Matterport team have accomplished over the past several years. Specifically, the company has achieved an industry-leading position and global product-market fit, powered by a unique hardware and software offering that separates the Matterport experience from the pack,” said Pittman. “The Matterport Cloud is an unrivaled dataset of precision 3D environments that represents an enormous opportunity to scale the company’s data services business exponentially. This will open up new strategic partnerships and investments as we realize the full value of this data for a rapidly expanding set of market opportunities around the globe.” Pittman’s career spans startups, venture capital, and the biggest companies in technology. Before joining Matterport, Pittman spent five years leading product, design, engineering, mobile, payments, and brand as CPO for eBay. Prior to eBay, he led the global e-commerce platform for Apple’s online stores and led product innovation for Google’s next-generation consumer search properties. Pittman also served as a co-founder and CEO of Groxis, the advanced search engine technology company that created the industry’s first graphical information interface used by hundreds of prominent content services, including Google, Yahoo, and Amazon. Alongside his career in technology, Pittman has spent more than 20 years following his passion for design, architecture, and real estate development. He has been involved in dozens of innovative real estate projects throughout the U.S. and the U.K., affording him a unique perspective on the profound impact of technology on the built environment. Over the past four years, Matterport has experienced quadruple-digit revenue growth and notable market momentum, including geographic expansion into EMEA and APAC, and vertical market expansion beyond residential real estate to include multifamily and commercial real estate; architecture, engineering, and construction (AEC); insurance; travel and hospitality; and e-commerce, among other industries. Since inception, Matterport has raised more than $70 million from investors including Lux Capital, DCM Ventures, Qualcomm Ventures, Felicis Ventures, and Greylock Partners.