Matterport
| Basic information | |
|---|---|
| Founded | 2011 |
| Legal Structure | |
| Industry | 3D capture, spatial data, real estate technology |
| Also known as | |
| Official website | https://matterport.com |
Matterport hosts the 3D tours, or digital twins, that its customers capture on its cloud platform, and continued access to those tours depends on keeping a paid plan active. Scans made with Matterport's Pro-series cameras cannot be uploaded to the Free plan,[1] and the company's Platform Subscription Agreement provides that when a subscription ends, a customer's access is deactivated and the customer loses the ability to export previously purchased assets and image data.[2] Matterport, Inc. was founded in 2011 and is headquartered in Sunnyvale, California; it was acquired by CoStar Group in a transaction that completed on February 28, 2025.[3][4][5][6]
Consumer-impact summary
[edit | edit source]- A customer who buys a Matterport Pro-series camera still cannot host the resulting scans without a paid plan. The current price list states that spaces created with the Pro3, Pro2, Pro2 Lite, and Pro1 cameras cannot be uploaded to Free or Starter plans, and that a Professional plan or higher is required to use a Pro3 or Pro2.[1] The Pro3 camera lists at $5,995, and the entry-level Professional 20 plan that unlocks it costs $69 per month.[1]
- Access to hosted tours is conditional on payment. Under Paragraph 11.2 of the Platform Subscription Agreement, on termination or expiry the customer's access and every authorized user's access is deactivated, and the customer "will cease to have any ability to export" previously purchased digital assets or image data.[2] This is a standard feature of a software-as-a-service arrangement, but it means a lapsed plan ends both viewing and export.
- The price list states that a paid account that is canceled cannot be reactivated to a Free plan; the former customer can only create a new Free account under a different email address.[1]
Incidents
[edit | edit source]May 2025 subscription pricing restructure
[edit | edit source]- Main article: Matterport May 2025 subscription pricing restructure
In May 2025, after CoStar Group completed its acquisition, Matterport changed its subscription tiers and the rules governing which spaces remain active under each plan. Hosting scans from the Pro1, Pro2, Pro2 Lite, and Pro3 cameras now requires a Professional plan or higher under the post-restructure price list.[1] Customers who bought hardware costing up to $5,995 found that keeping their captured spaces online depended on a recurring fee, and the Platform Subscription Agreement removes export ability once a plan lapses.[2]
Products
[edit | edit source]Matterport sells 3D-capture hardware and a tiered cloud platform that hosts the resulting models.
- Pro-series cameras. The product line includes the Pro1, Pro2, Pro2 Lite, and the LiDAR-based Pro3. CoStar's 2024 announcement described the Pro3 as Matterport's "flagship LiDAR-based Pro3 camera which is capable of high-precision indoor and outdoor capture".[5] The Pro3 lists at $5,995.[1]
- Cloud platform and capture software. The 2014 product launch described a platform built from the camera, Matterport's cloud services, and a web player that lets a model be shared without downloading files or using CAD software.[3] Capture is also supported through smartphones and compatible 360 cameras.[4]
- Subscription plans. Hosting runs on Free, Starter, Professional, Business, and Enterprise tiers. Pro-series scans require a Professional plan or higher; Professional pricing starts at $69 per month for the Professional 20 plan.[1]
Corporate history
[edit | edit source]Matterport was founded in 2011 and was part of Y Combinator's winter 2012 class. Its co-founders include Chief Strategy Officer Matt Bell and Chief Technology Officer Dave Gausebeck.[3] The company's 2014 product launch put the Matterport Pro 3D Camera, its cloud services, and a web player on the market for capturing photorealistic 3D models of interior spaces.[3]
The company went public through a merger with Gores Holdings VI, a special-purpose acquisition company. The companies announced the closing of the business combination on July 22, 2021, and the combined company began trading on Nasdaq under the ticker MTTR on July 23, 2021.[4] The closing release carried a Sunnyvale, California dateline, which the company gives as its headquarters.[4]
On April 22, 2024, CoStar Group (NASDAQ: CSGP) announced a definitive agreement to acquire Matterport in a cash-and-stock deal valued at $5.50 per share, reflecting an estimated $1.6 billion enterprise value; under the terms, Matterport stockholders would receive $2.75 in cash and $2.75 in CoStar Group stock for each share.[5] CoStar completed its acquisition of Matterport (NASDAQ: MTTR) on February 28, 2025.[6] In the completion release, Matterport reported that more than 14 million spaces and 50 billion square feet had been digitized across 177 countries on its platform.[6]
See also
[edit | edit source]References
[edit | edit source]- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "Matterport Price List". Matterport. 2026-05-13. Retrieved 2026-05-26.
- ↑ 2.0 2.1 2.2 "Matterport Platform Subscription Agreement". Matterport. 2026-03-01. Retrieved 2026-05-26.
- ↑ 3.0 3.1 3.2 3.3 "Matterport Brings 3D Media Platform to Market". Matterport. 2014-03-13. Retrieved 2026-05-26.
- ↑ 4.0 4.1 4.2 4.3 "Matterport And Gores Holdings VI Announce Closing of Business Combination". Matterport; Gores Holdings VI (via PR Newswire). 2021-07-22. Retrieved 2026-05-26.
- ↑ 5.0 5.1 5.2 "CoStar Group to Acquire Matterport, the Global Leader in Immersive 3D Digital Twins and Artificial Intelligence for the Real Estate Industry". CoStar Group. 2024-04-22. Retrieved 2026-05-26.
- ↑ 6.0 6.1 6.2 "CoStar Group Completes Acquisition of Matterport, Ushering in a New Era of 3D Digital Twins and AI-Powered Real Estate Innovation". Matterport (via Business Wire). 2025-02-28. Retrieved 2026-05-26.