Matterport: Pioneer in 3D Digital Twins and its Acquisition by CoStar Group
Corporate Profile and Recent Evolution
Identity and Acquisition Milestone 2025
Matterport, Inc., founded in 2011 by Matt Bell and Dave Gausebeck, has established itself as the global standard in creating digital twins by digitizing the built environment. Headquartered in Sunnyvale, California, the company led the reality capture market until February 2025, at which time it was acquired by CoStar Group (NASDAQ: CSGP) in a transaction valued at approximately $2.1 billion.
This acquisition represents a massive convergence between spatial data capture and the world's largest real estate database. Under the wing of CoStar, Matterport operates as a key business unit, integrating its immersive visualization technology into global real estate markets and analytics platforms. The merger seeks to enhance informed decision-making through 3D models that serve both the marketing and technical management of assets.
Technological Ecosystem: Pro3 Hardware and LiDAR
LiDAR Scanning Technical Specifications
The core of Matterport's construction hardware is the Pro3 camera, a scanner based on Class 1 LiDAR technology that enables accurate capture both indoors and outdoors in direct sunlight. This device offers a scanning range of up to 100 meters and an accuracy of ±20 mm at a distance of 10 meters, capturing 1.5 million points per scan in less than 20 seconds per position.
For architecture and engineering professionals, the Pro3 facilitates as-built documentation of large infrastructures using a 134.2 megapixel photo sensor. GPS integration and automatic cloud 3D data registration capability eliminate the need for manual registration markers, generating high-density textured meshes ready to be processed in design and construction workflows.