Matterport
A spatial-computing company that creates 3D digital twins of physical environments through capture hardware, software, and cloud services.
Last updated August 26, 2026
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Overview
Matterport is an American spatial-mapping and digital-twin technology company headquartered in Sunnyvale, California. Its platform converts physical interiors and other built environments into navigable three-dimensional models that can be viewed, measured, annotated, shared, and incorporated into property and facility workflows. The company serves real-estate brokerages, property managers, construction firms, architects, insurers, retailers, hospitality businesses, and other organizations that need a persistent digital representation of a physical site. Matterport began in 2011 as a private startup founded by Matthew Bell, David Gausebeck, and Michael Beebe. Bell and Gausebeck developed an early room-scanning prototype using PrimeSense camera technology, while Beebe contributed experience in 3D modeling and medical-device design. The company joined Y Combinator in 2012 and initially focused on making high-quality 3D capture faster and less expensive than conventional specialist workflows. Early funding supported development of dedicated cameras and relationships with real-estate and videogame businesses. The company introduced its first commercial camera, the Pro 3D, in 2014. It paired capture hardware with a subscription cloud service and a browser-based player, establishing the hardware-plus-software model that remained central to the brand. Matterport subsequently expanded the product family with the Pro2 in 2017, the lower-cost Pro2 Lite in 2018, and the LiDAR-equipped Pro3 in 2022. Its software also evolved beyond camera ownership: Cloud 3.0 and the Cortex artificial-intelligence processing system enabled users to create models with supported third-party 360-degree cameras, including products from Insta360 and Ricoh. Matterport broadened its platform through floor-plan generation, measurement and annotation tools, developer capabilities, application programming interfaces, and services for property marketing and management. Its digital twins are used to support remote property tours, documentation of existing conditions, construction progress reviews, insurance inspection, facilities planning, and research into robotics and embodied artificial intelligence. Partnerships with Google, Redfin, Facebook AI Research, and Amazon Web Services helped extend the technology into augmented reality, real-estate listings, academic datasets, and industrial digital-twin infrastructure. R.J. Pittman became chief executive officer in 2018, succeeding Bill Brown. In 2021, Matterport merged with Gores Holdings VI, a special-purpose acquisition company, and began trading on Nasdaq under MTTR. The company later acquired Enview, an artificial-intelligence company focused on 3D spatial data, and VHT Studios, a real-estate marketing agency. It undertook workforce reductions in response to cost pressures, including a 2020 pandemic-era reduction and a larger restructuring in 2023. CoStar Group announced an agreement to acquire Matterport in 2024 in a cash-and-stock transaction valued at approximately $1.6 billion. The acquisition closed on February 28, 2025, ending Matterport's period as an independently traded public company. Matterport continues as a CoStar Group subsidiary, with its brand and spatial-data platform positioned as an extension of CoStar's real-estate technology ecosystem.
History
Matterport was established in 2011 by Matthew Bell, David Gausebeck, and Michael Beebe. Bell and Gausebeck had developed an early prototype for capturing three-dimensional imagery inside rooms using PrimeSense camera-on-a-chip technology. Beebe was recruited for expertise in 3D modeling and medical-device design. The startup joined Y Combinator in early 2012, using the accelerator period to refine its capture technology and commercial proposition. During 2012 and 2013, Matterport sought to make indoor 3D mapping more accessible than traditional specialist scanning. It pursued relationships with real-estate businesses and videogame developers and raised seed and early institutional funding to develop a commercial product. In November 2013, Bill Brown became chief executive officer, guiding the company through its first product launch and early expansion. Matterport released the Pro 3D camera on March 13, 2014. The camera was sold as part of a broader system that included subscription cloud processing and a browser-based player. The initial target customers included contractors, architects, and real-estate organizations. Later in 2014, Matterport won Realogy's FWD Innovation Summit and raised a Series B round intended in part to extend its 3D-mapping technology to mobile devices. In 2015, it raised a Series C round and increasingly emphasized software, virtual-reality image stitching, mobile capture, and a developer platform rather than relying exclusively on proprietary camera sales. The product range expanded with the Pro2 in June 2017 and the less expensive Pro2 Lite in February 2018. Matterport also developed software capable of generating floor plans from captured imagery. In December 2018, R.J. Pittman, previously chief product officer at eBay, became chief executive officer. Brown remained associated with the company as a board adviser. Under Pittman, Matterport introduced Cloud 3.0 in January 2019. The service used Cortex, an artificial-intelligence image-processing system, and supported selected third-party 360-degree cameras from manufacturers such as Insta360 and Ricoh. This broadened access to the platform and reduced dependence on Matterport-branded hardware. The COVID-19 pandemic created operational and commercial pressure, and Matterport reduced its workforce by approximately 90 employees in April 2020. In February 2021, the company announced an agreement to merge with Gores Holdings VI, a special-purpose acquisition company. The transaction was valued at approximately $2.9 billion and closed on July 23, 2021, when Matterport began trading on Nasdaq under MTTR. The public-company transition was followed by a legal dispute with former CEO Bill Brown over a bylaw that restricted his ability to trade shares after the merger; a court ruled in Brown's favor in January 2022. Matterport continued expanding through acquisitions and partnerships. It completed the acquisition of Enview in January 2022, adding artificial-intelligence capabilities for 3D spatial data, and acquired VHT Studios in July 2022 to strengthen real-estate marketing services. In August 2022, it launched the Pro3 camera with LiDAR sensing. Matterport also collaborated with Google on Project Tango, with Redfin on 3D real-estate walkthroughs, with Facebook AI Research on the Habitat-Matterport 3D Dataset, and with Amazon Web Services in connection with AWS IoT TwinMaker. In July 2023, Matterport announced a restructuring that eliminated approximately 170 positions. In September of the same year, investors filed litigation alleging insider self-dealing. In April 2024, CoStar Group announced an agreement to acquire Matterport in a cash-and-stock transaction valued at approximately $1.6 billion. The transaction closed on February 28, 2025. Matterport therefore ceased to be an independent Nasdaq-listed company and became an operating subsidiary within CoStar Group, while continuing to develop and market its spatial-capture and digital-twin products.
- 2025
CoStar acquisition closes
[1]Matterport becomes a subsidiary of CoStar Group following completion of the acquisition.
- 2022
Enview acquisition and Pro3 launch
[1]Matterport acquires Enview and launches the LiDAR-equipped Pro3 camera.
- 2021
Matterport becomes publicly traded
[1]The company completes its merger with Gores Holdings VI and begins Nasdaq trading under MTTR.
- 2019
Cloud 3.0 expands platform compatibility
[1]Matterport introduces Cloud 3.0 and Cortex processing, including support for selected third-party 360-degree cameras.
- 2018
R.J. Pittman becomes CEO
[1]Pittman succeeds Bill Brown as chief executive officer.
- 2017
Pro2 launches
[1]The Pro2 introduces improved capture capabilities over the original camera generation.
- 2014
Pro 3D camera launches
[1]Matterport releases its first commercial camera with a subscription cloud service and browser-based model viewer.
- 2012
Matterport joins Y Combinator
[1]The startup enters Y Combinator while developing its room-capture prototype and commercial strategy.
- 2011
Matterport is founded
[1]Matthew Bell, David Gausebeck, and Michael Beebe establish Matterport as a private 3D spatial-mapping startup.
Products and positioning
Matterport positions itself as an enterprise spatial-data and digital-twin platform that combines purpose-built cameras, supported mobile and 360-degree capture devices, automated processing, and cloud-based collaboration. Its principal value proposition is to make detailed 3D documentation of physical spaces usable across property marketing, operations, construction, insurance, and research.
3D spatial-capture camera · 2014
Matterport Pro 3D
Matterport's first commercial camera, launched in 2014. It was designed to capture interior spaces for conversion into navigable 3D models and was sold together with cloud processing and a web-based content player. Its initial professional audiences included contractors, architects, and real-estate companies.
3D spatial-capture camera · 2017
Matterport Pro2
The Pro2, introduced in 2017, was an upgraded dedicated capture camera with improved resolution and geotagging capabilities. It became one of Matterport's best-known professional hardware products and supported the company's real-estate documentation, virtual-tour, and digital-twin workflows.
3D spatial-capture camera · 2018
Matterport Pro2 Lite
The Pro2 Lite was introduced as a lower-cost alternative to the Pro2. It extended access to Matterport's capture ecosystem for users who needed the company's processing and presentation workflow but faced a lower hardware budget.
3D spatial-capture camera · 2022
Matterport Pro3
Launched in 2022, the Pro3 is a later-generation Matterport camera featuring a LiDAR sensor. It is designed for faster and more flexible capture of physical environments and feeds the company's cloud-based digital-twin workflow.
Cloud software and digital-twin platform · 2014
Matterport Cloud
Matterport Cloud provides storage, processing, editing, viewing, sharing, and collaboration functions for captured spaces. The platform supports immersive walkthroughs and spatial information such as measurements, annotations, and floor plans, and is delivered through subscription-based services.
Artificial-intelligence processing software · 2019
Cortex
Cortex is Matterport's image-processing and spatial-understanding software layer. It helps convert capture data into navigable models and related property information, supporting the company's move toward automated processing and compatibility with selected third-party 360-degree cameras.
Controversies
Marketing campaigns
- 2021Habitat-Matterport 3D Dataset
Global · Academic research
Matterport collaborated with Facebook AI Research on a dataset of digital twins from real-world environments for research in embodied artificial intelligence and related fields.
Outcome. Research dataset released.
- 2021AWS IoT TwinMaker partnership
Global · Enterprise
Matterport partnered with Amazon Web Services to make 3D models and spatial data available in the AWS IoT TwinMaker digital-twin environment.
Outcome. Platform partnership established.
- 2014Realogy FWD Innovation Summit
United States
Matterport competed against other early-stage real-estate technology companies and won Realogy's FWD Innovation Summit, increasing visibility among property-industry users.
Outcome. Won the competition.
- 2014Project Tango collaboration
Global
Matterport collaborated with Google on Project Tango, an augmented-reality initiative, to explore applications for spatial capture and 3D environmental understanding.
Outcome. Partnership and technology collaboration.
- 2014Redfin 3D walkthrough collaboration
United States
Matterport worked with Redfin to create a 3D walkthrough feature for real-estate listings, connecting spatial capture with online property discovery.
Outcome. 3D walkthrough capability introduced for listings.
Brand decisions
2024
Agree to acquisition by CoStar GroupM&ABackground
CoStar sought to expand its real-estate technology ecosystem with Matterport's spatial-capture and digital-twin capabilities.
Action taken
CoStar and Matterport announced a cash-and-stock acquisition agreement.
Aftermath
The acquisition closed on February 28, 2025, and Matterport became a CoStar Group subsidiary.
Transaction value. Approximately $1.6 billion (Announced April 2024; completed February 28, 2025)
2023
Implement workforce restructuringStrategyBackground
Matterport pursued cost reductions during its period as a public company.
Action taken
The company announced a restructuring affecting approximately 170 employees, or about 30% of its workforce.
Aftermath
The restructuring reduced the company's workforce; the supplied reference does not provide a later quantified operating outcome.
2022
Acquire EnviewM&ABackground
Matterport sought additional artificial-intelligence capabilities for processing and understanding 3D spatial data.
Action taken
The company completed the acquisition of Enview.
Aftermath
Enview's spatial-data AI capabilities were incorporated into Matterport's broader technology strategy.
Acquisition price. $37 million (Completed January 5, 2022)
2021
Complete SPAC merger and public listingM&ABackground
Matterport pursued public-market access and capital through a merger with Gores Holdings VI.
Action taken
The transaction closed on July 23, 2021, and the company began trading on Nasdaq under MTTR.
Aftermath
Matterport operated as a publicly traded company until its acquisition by CoStar Group in 2025.
Transaction valuation. $2.9 billion announced transaction value (Announced February 2021; completed July 2021)
2019
Expand Cloud 3.0 beyond proprietary camerasStrategyBackground
Matterport sought to lower the entry cost of 3D spatial mapping and broaden adoption beyond customers using its dedicated cameras.
Action taken
The company introduced Cloud 3.0 with Cortex processing and compatibility with selected third-party 360-degree cameras.
Aftermath
The platform became more software-oriented and accessible to users of supported non-Matterport capture devices.
Recent events
Reported
Nodalview and Matterport announce partnership[3]
Nodalview announced a partnership with Matterport that enables agents to use Matterport digital twins on Nodalview's real-estate-focused sales platform.
Reported
Allseated and Matterport announce partnership[4]
Allseated announced a partnership with Matterport, bringing together Allseated's VISION platform and Matterport's 3D technology. The companies said they plan to bring a joint product to market more quickly.
Reported
Matterport receives Comparably Best Company Leadership award[5]
Matterport announced that it was among the Top 50 small/mid-sized companies to receive the 2021 Comparably Best Company Leadership award. The category assessed employee ratings of company executives.
- Unconfirmed
Facebook and Matterport jointly release HM3D dataset[6]
Facebook and Matterport collaborated to open-source the Habitat-Matterport 3D (HM3D) dataset, which is available free for academic and non-commercial research.
Reported
Matterport reports Q1 2021 financial results[7]
Matterport announced financial results for the quarter ended March 31, 2021, reporting total revenue of $26.9 million, up 108% year over year.
Reported
Matterport appoints Soohwan Kim as VP of Investor Relations[8]
Matterport announced the appointment of Soohwan Kim as Vice President of Investor Relations to lead the company's investor-relations strategy and execution.
Reported
Matterport announces Matterport for Enterprise[9]
Matterport announced Matterport for Enterprise, a platform designed to support interoperability and enterprise use of Matterport 3D models, with programs for partners and developers to integrate the models into existing workflows, applications, and systems.
Reported
CORE Group and Matterport announce strategic partnership[10]
CORE Group announced a strategic partnership with Matterport to build a Claims Services Network using Matterport technology and CORE’s provider network.
Reported
Matterport announces smartphone 3D capture capability[11]
Matterport announced Matterport 3D Capture for Smartphones, a capability designed to turn consumer smartphones into 3D capture devices. The first iPhone version was expected to be available in beta by the end of 2019.
Sources12 sources
- 1Matterporten.wikipedia.org
- 2Matterport official websitematterport.com
- 3Nodalview与Matterport宣布合作prnewswire.com
- 4Allseated与Matterport宣布合作prweb.com
- 5Matterport获得Comparably最佳公司领导力奖prnewswire.com
- 6Facebook与Matterport共同发布HM3D资料集ithome.com.tw
- 7Matterport公布2021年第一季度财务业绩prnewswire.com
- 8Matterport任命Soohwan Kim为投资者关系副总裁prnewswire.com
- 9Matterport宣布推出Matterport for Enterpriseprnewswire.com
- 10CORE Group与Matterport宣布建立战略合作伙伴关系prweb.com
- 11Matterport宣布推出智能手机3D捕捉功能prnewswire.com
- 12Matterport Launches Program for Partners to Build and Commercialize Apps and Integrations on its Spatial Data Platformprnewswire.com
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