Matterport’s Next Chapter as Part of CoStar Group

Dear Customers, Partners, and Friends,

I’m excited to share that Matterport is now officially a part of CoStar Group. You can read this morning’s press release here.

Today marks a defining moment—not just for our companies, but for the future of real estate and property technology. This isn’t just about joining forces; it’s about expanding what’s possible. Together, we’re reimagining how properties are digitized, experienced, understood, and put to work—using AI to transform everything from marketing and management to operations in ways that once seemed out of reach.

Matterport has always been about more than 3D digital twins. Our mission is to transform how people and businesses engage with physical spaces—whether for marketing, planning, design, operations, or analysis. Now, with CoStar Group’s scale, resources, and data-driven expertise, we’re accelerating that vision—advancing AI-powered insights, optimizing workflows, and revolutionizing digital property intelligence on a global scale.

And that’s the driving force behind this new chapter.

From the beginning, we’ve pushed the boundaries of what’s possible. It started with the launch of our first Pro camera in 2014, transforming how spaces are captured. Today, we’re taking it even further with breakthroughs like Property Intelligence, which uses AI to extract deep insights from digitized properties, and defurnish, which declutters a 3D space instantly with just a click. Innovation has always been at the heart of Matterport, and we’re just getting started.

Now, with CoStar Group, we are taking that vision even further with our joint mission to digitize the built world and help people find properties, insights, and connections that improve their lives and their businesses. 

By investing further in AI, computer vision, 3D, and digital twin technology, we are poised to deliver smarter, more immersive experiences, streamline operations, and create new capabilities that empower businesses across industries where property and space play a critical role. This union positions us at the leading edge of the next generation of property and spatial technology—where data-driven decision-making, automation, and intelligent insights will redefine how the world interacts with spaces.

As of today, Matterport continues to operate as a business unit within CoStar Group under my leadership. While change brings new opportunities, our unwavering commitment to our customers and partners remains the same. We are here to serve you, to innovate with you, and to help you achieve more than ever before.

I’m deeply grateful to our community of customers, partners, photographers, capture technicians, and creators around the world who have supported us along the way for more than a decade. Together we’ve put a Matterport digital twin in practically every country in the world, and now it’s time to fill them in with more! From everyone at Matterport, thank you for being part of this journey. As we embark on this next chapter with CoStar Group, we’re excited to push the boundaries of what’s possible in the digitized world, bringing new breakthroughs, seamless experiences, and even greater value to you. If you have any questions about your contract or services, your Matterport contacts and partners remain here to support you. 

Matterport was built on bold ideas and transformative technology, and that pioneering spirit will continue to propel us forward. The best is yet to come.

With excitement and gratitude,  - RJ