SUNNYVALE, CA, Oct 4, 2017 – Immersive media technology company Matterport announced the appointment of J.D. Fay as chief financial officer. J.D. will oversee Matterport’s financial operations as the company scales to meet growing demand for its “next gen” cloud-based 3D reality capture and distribution platform. This platform makes creating and using a 3D digital model of a space incredibly easy, fast, and inexpensive.
J.D. has 19 years of experience leading financial teams in both public and private technology companies. Named “CFO of Year” in 2016 along with 10 other CFOs by the Silicon Valley Business Journal, Fay is seasoned at helping companies grow from concept or first product to IPO or sale. To date he’s helped execute initial public offerings (IPO) for two companies and raised nearly $1 billion in equity and debt capital. Prior to Matterport, J.D. was Chief Financial Officer at View, Inc. J.D. holds a J.D., cum laude, from Harvard Law School and is an advisor to nonprofit Open Door Legal.
“This is a key hire for Matterport as we’re growing quickly and want to staff our team with high caliber experienced talent,” said Bill Brown, Matterport CEO. “J.D.’s deep experience in the technology sector, combined with his financial and legal expertise, will help us continue growing our teams and achieving our mission of enabling people to experience places without being there.”
Matterport has experienced quadruple-digit revenue growth in the past 3 years and notable market momentum including geographic expansion to EMEA and APAC and vertical market expansion beyond real estate to include AEC, travel and hospitality and others. Matterport was named the 26th fastest growing company in 2017 by Inc. Magazine and has the world’s largest VR library of real world spaces, with 3D models of over 600,000 spaces which have been visited over 250 million times.
Matterport is an immersive media technology company that delivers an end-to-end system for creating, modifying, distributing, and navigating immersive 3D and virtual reality (VR) versions of real-world spaces on the Web, mobile devices, and VR headsets.