Costar Group, Inc. Matterport, Inc. is a 3D Digital Twin technology provider. The previously announced acquisition of the company has not been made public.
This combination brings together pioneers from two industries to accelerate the adoption of AI-driven digital technology across the global real estate market.
“Costar Group and Matterport have long shared their vision of digitalizing the real estate industry. Today, we are officially united to make that future happen together.” 
“Matterport's cutting-edge 3D capture and AI-powered real estate insights are already changing how residential and commercial real estate are sold and experienced. By integrating Matterport's groundbreaking digital twin technology with vast property data and online marketplaces, we are creating an unparalleled solution for buyers, sellers and tenants to gain deeper insights and explore properties than ever before.”
High speed tracks and scale
Matterport has enabled property owners, buyers and tenants to experience real estate with immersive accuracy from anywhere in the world. With over 14 million space and 50 billion square feet of digital across 177 countries, Matterport is building a huge, accurate library of spatial data, providing real estate professionals with powerful insights and visualization tools.
Matterport Chairman and CEO RJ Pittman added:
“From residential to commercial, our technology is redefining how residential and commercial spaces are discovered, sold and traded. The size and resources of Costar Group allow us to quickly track innovation, deepen AI-driven analytics and bring even greater value to our customers around the world.”
Costar Group and Matterport are committed to investing further in AI, computer vision and machine learning to improve property analytics, optimize operational efficiency, and expanding the use of digital twin technology across the real estate industry.
As demand for remote real estate exploration and data-driven decision-making continues to increase, the merger places the total company at the forefront of next-generation real estate technology.
