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Matterport Announces the Acceleration of Over Five Million Spaces with its Market Leading Platform

Construction Tech Review | Thursday, May 13, 2021

Matterport Announces the Acceleration of Over Five Million Spaces with its Market Leading Platform

The number of Matterport digital twins has more than doubled since May 2020, fueled by a string of innovations and more accessible solutions for everyone, including the freely available Matterport for iPhone.

FREMONT, CA: Matterport, the leading spatial data company driving the digital transformation of the built world, announced that hundreds of thousands of customers worldwide have brought five million buildings and spaces online with its market-leading platform to more effectively access, manage and utilize them. Over 15 billion square feet of space, more than five times the number of buildings in New York City, have been transformed into Matterport digital twins -- everything from homes, offices, schools, factories, retail stores, hotels, apartments, vacation properties, museums, galleries, yachts, and even aircraft. Digital engagement has been rapidly increasing, with more than 2 billion views of digital twins served from all over the world.

Matterport makes it easy for anyone to quickly capture a physical space and turn it into an accurate and immersive digital twin, unlocking a powerful new way for businesses and other users to manage their spaces, virtually collaborate with colleagues, and engage with customers without going onsite.

Architecture, engineering, and construction firms like Burns & McDonnell shave months off of projects with accelerated decision making and project management.

Retailers like Herman Miller produce immersive experiences that engage customers and increase sales.

Residential real estate companies like Engel &Volkers provide virtual access to all of their listings. In a recent study with Redfin, 78 percent of buyers chose to view properties virtually with 3D tours, and 71 percent said they would buy a property sight-unseen.

Amazing museums like Handel & Hendrix in London or historical sites like the spectacular Pharaoh Ramesses VI Tomb in Egypt allow visitors worldwide to explore them anytime and at their own pace in stunning clarity and detail.

Schools like the Van Maerlant provide students and parents a virtual way to understand how the school is preparing for reopening post-COVID, bringing great comfort and confidence to their communities.

Restoration companies like ATI and Belfor can estimate losses four times faster with a dimensionally accurate, high-fidelity digital twin of the impacted space.

Global commercial real estate firms like Savills not only show properties more efficiently but help clients plan and optimize them for return-to-work initiatives. Office spaces like the Freedom Tower in New York City can be virtually staged based on social distancing guidelines.

"Matterport is fundamentally changing our understanding of the buildings and spaces in which we live, work, and play, by turning them into data. Digitizing a space unlocks new ways to engage, access, manage, and use it even when it's on the other side of the world from us," said RJ Pittman, CEO of Matterport. "Real estate, in all its forms, is the largest asset class in the world, with an estimated value of over $230 trillion yet still remains largely offline. Today's milestone reflects the enormous scale advantage that we have worked hard to achieve over the past decade. Digitizing the built world with our velocity and precision takes unprecedented science and data to accomplish successfully. Driven by our big innovations still to come and the sheer magnitude of the offline world, we are just scratching the surface of arguably the biggest opportunity of the next decade."

With over two billion virtual views of Matterport digital twins and tens of millions of digital measurements taken to date, the adoption of the company's digital twins continues to increase across the globe. Homeowners can confirm whether new furniture will fit before making a purchase, and planners can collaborate online to arrange spaces for a safe return to schools and workspaces. Travel time and expenses are reduced, and convenience is increased with Matterport's powerful tools for viewing, measuring, customizing, space planning, and collaborating -- all accessible online from any device anywhere in the world.

Last week, the Matterport Capture app was made available to billions of Android customers in 175 countries, dramatically expanding Matterport's market reach. Now, an additional 85 percent of the global smartphone installed base can connect their devices to the Matterport Pro2 camera and a variety of 360 cameras from Ricoh and Insta360. In addition, the company announced that it has expanded the capabilities of Matterport Capture Services™, an online services platform that delivers a convenient turnkey solution for enterprises that need to digitize tens of thousands of real estate assets globally, simultaneously, and with speed. All of these innovations accelerate Matterport's rapid global expansion and further establishes the company as the ubiquitous provider of 3D capture solutions.

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