Overview

Matterport specializes in creating digital twins of physical spaces, allowing users to capture, edit, and share immersive 3D models through a mobile app that connects to various supported cameras. This technology is utilized by thousands of companies across more than 150 countries in industries such as architecture, engineering, construction, and commercial real estate. Matterport differentiates itself from competitors by offering proprietary technology and services, including Matterport Capture Services, where technicians create digital twins for clients, and selling compatible high-quality cameras. The company also emphasizes sustainability by partnering with BlueStar Recycling for the refurbishment of its products and using its technology to enhance predictive maintenance and streamline traditional processes. Matterport's goal is to lead the digital transformation of the built environment, providing effective solutions for visualizing and managing physical spaces.

Simplify's Take

What believers are saying

• Integration with CoStar enhances AI-driven real estate solutions and market reach.
• Generative AI tools in Fall 2024 release revolutionize property management and marketing.
• ESG initiatives align with corporate sustainability demands, attracting eco-conscious clients.

What critics are saying

• Increased competition in digital twin space threatens Matterport's market share.
• CoStar acquisition may lead to integration challenges and operational disruptions.
• FTC's 'Second Request' could delay merger integration and create regulatory hurdles.

What makes Matterport unique

• Matterport's digital twin technology offers immersive 3D models for diverse industries.
• The Matterport Marketing Cloud streamlines real estate marketing with high-impact digital campaigns.
• Partnerships with firms like Omnix International expand Matterport's global reach.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$793.1M

Above

Industry Average

Funded Over

8 Rounds

Notable Investors:

Tiger GlobalGreylock PartnersBoxGroupY Combinator

Notable Investors:

Tiger GlobalGreylock PartnersBoxGroupY Combinator

$345,000,000

Spac IPO

Jul 2021

Spac IPO funding comparison data is currently unavailable. We're working to provide this information soon!

Spac IPO Funding Comparison

Coming Soon

View all funding stages