# Matterport **Source:** https://geo.sig.ai/brands/matterport **Vertical:** Real Estate & Property Tech **Subcategory:** General **Tier:** Emerging **Website:** matterport.com **Last Updated:** 2026-04-14 ## Summary Matterport pioneered 3D digital twin technology with 50B+ sq ft under management across 170+ countries, acquired by CoStar Group for $2.1B in 2025 after operating as a public company since 2021. ## Company Overview Matterport is the company that invented the practical 3D digital twin market for built spaces, creating software and hardware that captures physical environments and transforms them into immersive, measurable digital twins. Founded in 2011, Matterport developed both the camera hardware (the Matterport Pro Camera) and the cloud platform for hosting, viewing, and measuring 3D spaces—originally targeting real estate listings but expanding into architecture, construction, insurance, and facilities management as the platform's utility beyond photography became apparent. The company went public via a SPAC merger in 2021 at a $2.9B valuation, but like most SPAC-listed companies during the 2022 market correction, its stock declined significantly. Matterport built the largest repository of 3D spatial data in history, with over 50 billion square feet of space captured across 170+ countries representing millions of buildings. This spatial data repository has value beyond individual property tours—the aggregate dataset enables AI training for building understanding, structural analysis, and renovation planning applications. In February 2025, CoStar Group—the dominant commercial real estate data company—acquired Matterport for $2.1 billion, seeing the spatial data library and digital twin technology as complementary to its commercial real estate information business. Matterport's 3D scanning and digital twin capabilities are now integrated into CoStar's platform, extending digital twin technology's reach across CoStar's massive commercial real estate customer base. The acquisition validated Matterport's technology while consolidating it within the leading CRE data platform. ## Frequently Asked Questions ### What does Matterport do? Matterport creates 3D digital twins of physical spaces using camera hardware and cloud software, with 50B+ sq ft captured across 170+ countries for real estate, construction, insurance, and facilities management. ### Was Matterport acquired? Yes, CoStar Group acquired Matterport for $2.1B in February 2025, integrating its 3D spatial data library and digital twin technology into CoStar's commercial real estate platform. ### What can you do with Matterport digital twins? Matterport digital twins support virtual property tours, accurate space measurements, construction documentation, insurance documentation, renovation planning, and AI training for building understanding applications. ### Was Matterport publicly traded? Matterport was publicly traded on Nasdaq (MTTR) from 2021 until its acquisition by CoStar Group in 2025. ### What is Matterport and how does it work? Matterport is a spatial data and 3D digital twin platform that captures real-world spaces using 3D cameras or compatible smartphones and converts them into immersive virtual walkthroughs. It is widely used in real estate, construction, hospitality, and insurance to create photorealistic digital representations of physical spaces. ### How do real estate agents use Matterport virtual tours? Real estate agents use Matterport to create 3D virtual tours of property listings that allow buyers to explore a home remotely as if they were physically present. This is particularly valuable for out-of-market buyers, reducing the need for in-person showings and keeping listings competitive in digital search. ### What cameras and devices are compatible with Matterport? Matterport supports professional 3D capture cameras including its own Pro2 and Pro3 models, as well as 360-degree cameras from third-party manufacturers and standard smartphone cameras through the Matterport app. Higher-end cameras produce more detailed scans while smartphones provide a lower-cost entry point. ### Beyond real estate, what industries use Matterport? Matterport is used across construction and architecture for as-built documentation, in insurance for remote claims assessment, in facility management for space planning, and in hospitality for virtual hotel and venue tours. The platform's digital twin technology has applications wherever accurate spatial documentation is valuable. ## Tags b2b, global, platform, proptech, saas --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*