Matterport (NASDAQ:MTTR) (NASDAQ: MTTR) operates a spatial data platform that transforms physical spaces into immersive digital twins. The company’s core offering centers on 3D scanning hardware and cloud-based software, enabling users to capture, edit and share highly detailed models of real-world environments. These digital twins find applications across a range of industries, including real estate, construction, insurance, hospitality and retail, providing stakeholders with a comprehensive view of property interiors without the need for on-site visits.
At the heart of Matterport’s technology is its proprietary LiDAR-enabled cameras and mobile scanning solutions, which work in tandem with advanced photogrammetry algorithms. Users can upload the captured data to Matterport’s cloud platform, where it’s processed and rendered into interactive models. The resulting outputs—such as floor plans, virtual tours and measurement tools—help clients streamline workflows, enhance remote collaboration and drive decision-making with accurate spatial information.
Founded in 2011 and headquartered in Sunnyvale, California, Matterport has expanded its presence globally, serving customers in North America, Europe, Asia-Pacific and beyond. The company maintains regional offices and partnerships to support local deployment and customer success. Over the years, Matterport has cultivated a diverse customer base, ranging from real estate brokers and renovation contractors to insurance adjusters and corporate facilities managers, all of whom leverage 3D models to improve efficiency and reduce costs associated with travel and manual site inspections.
Under the leadership of CEO RJ Pittman and a seasoned executive team, Matterport continues to invest in research and development to advance its spatial computing capabilities. The company actively integrates artificial intelligence and machine learning technologies to automate feature recognition within its digital twins, further enhancing functionality and user experience. By focusing on interoperability and open data formats, Matterport aims to establish its platform as the industry standard for capturing and managing digital representations of physical spaces.
