Matterport

Matterport LLC
FormerlyMatterport, Inc. (2011–2025)
Company typeSubsidiary
Nasdaq: MTTR (2021-2025)
ISINUS5770961002
Industry
Founded2011; 14 years ago (2011)
Founders
  • Matthew Bell
  • David Gausebeck
  • Mike Beebe
FateAcquired by CoStar Group
Headquarters,
United States
Number of locations
  • 6 offices
Area served
Worldwide
Key people
  • R.J. Pittman (CEO)
  • James D. Fay (CFO)
  • David Gausebeck (CSO)
Revenue
  • IncreaseUS$170 million (2024)
  • US$158 million (2023)
  • Increase US$83 million (2024)
  • US$70 million (2023)
  • DecreaseUS$257 million (2024)
  • US$199 million (2023)
Total assets
  • Decrease US$544 million (2024)
  • US$577 million (2023)
Total equity
  • Decrease US$397 million (2024)
  • US$529 million (2023)
Number of employees
  • Increase 455 (2024)
  • 438 (2023)
Websitematterport.com
Footnotes / references
[1][2]

Matterport LLC is an American 3D spatial mapping company headquartered in Sunnyvale, California. The company was founded in 2011 as a private startup[3] and subsequently merged with a special-purpose acquisition company in 2021 to commence public trading on the Nasdaq.[4] The current CEO is R.J. Pittman.[5]

Matterport produces cameras used to capture images for 3D mapping of indoor spaces and the creation of digital twins. The company also provides various software as a service for real estate and property management.[6][7]

On April 22, 2024, it was announced that Matterport would be acquired by the CoStar Group for a cash and stock deal valued at approximately US$1.6 billion.[8][9] The acquisition was completed on February 28, 2025.[10]

  1. ^ "Matterport, Inc. 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 26, 2025.
  2. ^ "Matterport, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 27, 2024.
  3. ^ Roush, Wade (May 16, 2013). "Matterport Isn't Playing Games with Kinect-Style 3D Camera". Xconomy. Archived from the original on December 6, 2022. Retrieved April 10, 2022.
  4. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  5. ^ "Matterport Hires RJ Pittman as Chief Executive Officer". Matterport. Retrieved June 4, 2022.
  6. ^ Andrei, Andreea (August 22, 2023). "2023 SaaS Awards Winners | Cloud Computing & SaaS Awards". Retrieved February 24, 2024.
  7. ^ "Matterport Wins Best SaaS Product for Real Estate & Property Management". Matterport. Retrieved February 24, 2024.
  8. ^ "Matterport, the Global Leader in 3D Digital Twins, to be Acquired by CoStar Group". Matterport. April 22, 2024. Retrieved April 22, 2024.
  9. ^ "CoStar Group to Acquire Matterport, the Global Leader in Immersive 3D Digital Twins and Artificial Intelligence for the Real Estate Industry That Makes Properties Intuitive and Interactive Online". CoStar Group Investor Relations. April 22, 2024. Retrieved April 22, 2024.
  10. ^ "CoStar Group Completes Acquisition of Matterport, Ushering in a New Era of 3D Digital Twins and AI-Powered Real Estate Innovation". Matterport. February 28, 2025. Retrieved March 1, 2025.{{cite web}}: CS1 maint: url-status (link)

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