Why Matterport Could Be a Growth Machine
I think one of the most exciting technology stocks today is Matterport (NASDAQ: MTTR), the spatial data company that hit public markets earlier this year. With Matterport, a user can capture the spatial data of a room, building, or public space with either a specialized camera or most smartphone cameras. That builds what the company calls a "dollhouse," which is essentially a virtual model of a space (shown below).
Once the dollhouse is created, the data can be put to a variety of uses. The number of light bulbs can be counted, room size can be calculated, and virtual furniture can even be added. The company is starting to build out some functionality, but this is a platform that will grow as developers learn what to do with that data, which could ultimately drive Matterport's growth for decades.
A Matterport "dollhouse" showing an industrial building. Image source: Matterport.
Source Fool.com
