Matterport, Inc./DE: management transactions · United States · SEC (Form 4)

About Matterport, Inc./DE

Matterport, Inc./DE (ticker: MTTR) was a U.S. technology company focused on 3D capture and digital twins for the built environment, including real estate, facilities, construction, insurance, retail, and hospitality. Historically listed on the U.S. market NASDAQ in the United States, Matterport built its identity around turning physical spaces into photorealistic, dimensionally accurate digital replicas that could be viewed, measured, and analyzed remotely through a web browser. The company was incorporated in 2011 and headquartered in Sunnyvale, California. At the center of the business was a spatial data platform powered by proprietary AI software, notably Cortex, which helped convert scans from a range of capture devices into interactive digital twins. Matterport’s offering combined software, cloud-based subscription services, and hardware designed to simplify 3D content creation. Key products included the Pro3 Camera, Pro2 Camera, and Matterport Axis. Over time, the company positioned itself not just as a visualization vendor, but as a data layer for buildings, enabling property marketing, remote inspections, documentation, collaboration, and operational decision-making. Matterport’s competitive positioning came from being an early mover in digital twins for buildings and from the scale of its spatial data library. In its most recent public reporting before the acquisition, the company said it had digitized more than 50.7 billion square feet and had approximately 14.1 million spaces under management at the end of 2024. That scale supported its claim to be a leading platform in the digitization and datafication of the built world. Its commercial value proposition was straightforward: help customers reduce site visits, improve marketing and transaction workflows, document assets more precisely, and extract actionable insights from properties and spaces. Geographically, Matterport operated with a global customer base, but the United States remained its core revenue market. The company disclosed that no country outside the United States accounted for more than 10% of revenue in recent years, underscoring the domestic concentration of monetization even as the technology had international applicability. Matterport’s business model was designed to serve a broad set of end markets across residential and commercial real estate, facilities management, architecture, engineering and construction (AEC), insurance and repair, and travel and hospitality. A major recent development fundamentally changed the equity story: on February 28, 2025, CoStar Group completed its acquisition of Matterport. CoStar stated that the combination would accelerate investment in AI, computer vision, and machine learning, and extend digital twin applications across real estate. For investors, MTTR’s standalone public-market chapter effectively ended with that transaction, but the company’s technology remains strategically relevant within the broader U.S. NASDAQ-listed CoStar ecosystem.