About Matterport
Matterport creates digital twins of physical spaces using 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 also offer Matterport Capture Services where technicians create digital twins for clients. The company differentiates itself by selling high-quality cameras and emphasizing sustainability through partnerships for recycling and refurbishment. Matterport's goal is to lead the digital transformation of the built environment.
Sunnyvale, CaliforniaHeadquarters
2011Year Founded
$435.9MTotal Funding
IPOCompany Stage
Energy, Consumer Software, Real EstateIndustries
501-1,000Employees
Benefits
Comprehensive health plans
Flexible time off
Summer Fridays
401k
Stock options
Continuing education & commuter benefits
Risks
Increased competition from companies like Cupix and NavVis threatens market share.
FTC's 'Second Request' may delay the CoStar acquisition process.
Departure of former CEO and lawsuit settlement could impact investor confidence.
Differentiation
Matterport offers a unique all-in-one 3D data platform for digital twins.
The company integrates AI to enhance property management and marketing solutions.
Matterport's sustainability initiatives include carbon emissions reporting and renewable packaging.
Upsides
Strategic partnerships, like with Omnix, expand Matterport's market reach and service offerings.
Generative AI tools in the Fall 2024 release enhance real estate experiences.
CoStar Group's acquisition provides additional resources and market access.
Funding
Total raised$435.88 M
Latest valuation$2.90 B
StageIPO
SPAC PRIVATE PLACEMENT
6/30/2021$295
$2.90 BSPAC IPO
6/30/2021$345
$2.90 BLATE VC
3/31/2020$39
$195.50 MSERIES D
2/28/2019$48
$325.00 MSERIES C
5/31/2015$35
$175.00 MSERIES A
8/31/2013$3
$14.00 MSEED
12/31/2011$2
$8.00 M