Friday, July 23, 2021

Digital mapping startup Matterport will begin trading after a SPAC merger that raised $640M and valued the company at $2.9B; Matterport had $86M in 2020 revenue (Bloomberg)

Bloomberg:
Digital mapping startup Matterport will begin trading after a SPAC merger that raised $640M and valued the company at $2.9B; Matterport had $86M in 2020 revenue  —  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.



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Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (Bloomberg)

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