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The company raised $310 million from Gores Holdings VI and $295 million through PIPE investments. The stock has gained 39.1% in price since its debut.
MTTR sells 3D cameras that facilitate virtual tours of real estate. However, the company gained popularity after launching an iPhone app in May 2020 hat captures 3D models of homes. Regarding this software launch, MTTR Chairman and CEO RJ Pittman said, “We signed more customers in the first three days of the beta launch than the first eight years of the company.”
