Matterport

Matterport

Creates digital twins of physical spaces

About

Matterport creates digital twins of physical spaces through a mobile app that connects to various cameras, allowing users to capture and share immersive 3D models. Their services are widely used in industries like architecture and real estate, and they differentiate themselves by offering Matterport Capture Services, where technicians create digital twins for clients. The company also sells high-quality cameras compatible with their technology and emphasizes sustainability through partnerships for recycling and refurbishment. Matterport's goal is to lead the digital transformation of the built environment.

Company Stage

IPO

Employees

501-1,000

Industries

Energy, Consumer Software, Real Estate

Total Funding

$435.9M

Headquarters

Sunnyvale, California

Founded

2011


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Simplify's Take

What believers are saying

  • Generative AI tools enhance user experience and customer retention.
  • Partnership with Omnix International expands reach in the Middle East.
  • CoStar acquisition provides resources and market access, boosting competitive edge.

What critics are saying

  • AI tools may face data privacy and security challenges.
  • FTC's 'Second Request' could delay CoStar merger, affecting strategic plans.
  • Integration challenges from CoStar acquisition may impact operational efficiency.

What makes Matterport unique

  • Matterport's platform creates immersive digital twins for diverse industries worldwide.
  • The company integrates AI to automate property management and marketing tasks.
  • Matterport's sustainability initiatives attract environmentally conscious clients and investors.

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Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

-14%

Benefits

Comprehensive health plans

Flexible time off

Summer Fridays

401k

Stock options

Continuing education & commuter benefits

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