CoStar closes $1.6B Matterport acquisition ahead of schedule

Virginia-based portal CoStar Group has finished its acquisition of spatial mapping company Matterport. The companies expected to finish the deal by the end of March, putting them 31 days ahead of schedule. Continue reading

Matterport lost $256M in 2024 as it continued scaling before merger

Total revenue was $169.7 million, up 8 percent compared to a year earlier, boosted by its 1.2 million subscribers as the company bolstered its ongoing revenue streams. Continue reading

Matterport Marketing Cloud pushes power of digital twins

Matterport continues its shift into becoming a more comprehensive marketing partner to the real estate industry with the launch of its latest software offering, Matterport Marketing Cloud. Continue reading

Meet iGuide’s most affordable digital twin solution, Planix R1

The new camera system, Planix R1, is designed to be more physically and technically nimble when helping agents create digital twins, executives said Wednesday. And it’s more affordable, too. Continue reading

Latest updates show Matterport’s downmarket move no longer virtual

Digital twin creator Matterport introduced a new lineup of property marketing features to enrich its appeal as a more accessible resource for listing agents and brokers, including a de-furnishing tool and an artificial intelligence listing description … Continue reading

Matterport teams with FBS in first partnership since CoStar purchase

The deal will allow Matterport tours to accompany listing pages, with the dimensions and square footage of each property autofilled in a bid to reduce the risk of faulty data entry, executives say. Continue reading

In the wake of Matterport’s sale, digital twin options are plentiful

Matterport’s sale to CoStar will ignite interest in the value of digital twins and tour marketing, and the options for creating them are many. Continue reading

With Matterport buy, CoStar makes it a ground game

Digital twin creation company Matterport has sold to CoStar, parent of home search experience Homes.com and Zillow’s chief rival. The deal stands to greatly increase the amount of industry data available to the company for use in its appeal to both rea… Continue reading

Matterport pulled in $158M last year, up 16% despite $65.8M loss

The company said it expects to grow total revenue 19 percent to 22 percent this year as it continues its expansion as an industry leader. Continue reading

Latest Matterport release looks to ‘automate the future’

Known as Matterport Property Intelligence, the release contains features now out of beta testing, such as automatic room-by-room labeling and dimensions, color-coded and company-branded floor plans and property reports for fully detailed physical listi… Continue reading