CoStar Group Completes Acquisition of Matterport, Ushering in a New Era of 3D Digital Twins and AI-Powered Real Estate Innovation
CoStar Group (NASDAQ: CSGP) has completed its acquisition of Matterport (NASDAQ: MTTR), a leader in 3D digital twin technology. The merger combines CoStar's property data and online marketplaces with Matterport's innovative 3D capture and AI-powered insights.
Matterport has digitized over 14 million spaces and 50 billion square feet across 177 countries, creating the world's largest spatial data library. The combined company aims to accelerate the adoption of digital twin technology in both commercial and residential real estate sectors.
The acquisition targets a significant market opportunity, with over four billion residential and commercial buildings globally representing a $327 trillion asset class. The companies plan to further invest in AI, computer vision, and machine learning to enhance property analytics and operational efficiency.
CoStar Group (NASDAQ: CSGP) ha completato l'acquisizione di Matterport (NASDAQ: MTTR), leader nella tecnologia dei gemelli digitali 3D. La fusione combina i dati immobiliari e i mercati online di CoStar con la tecnologia innovativa di cattura 3D e le intuizioni potenziate dall'IA di Matterport.
Matterport ha digitalizzato oltre 14 milioni di spazi e 50 miliardi di piedi quadrati in 177 paesi, creando la più grande libreria di dati spaziali al mondo. L'azienda combinata mira ad accelerare l'adozione della tecnologia dei gemelli digitali nei settori immobiliare commerciale e residenziale.
L'acquisizione punta a un'importante opportunità di mercato, con oltre quattro miliardi di edifici residenziali e commerciali a livello globale che rappresentano una classe di attivi da 327 trilioni di dollari. Le aziende prevedono di investire ulteriormente in IA, visione artificiale e apprendimento automatico per migliorare l'analisi immobiliare e l'efficienza operativa.
CoStar Group (NASDAQ: CSGP) ha completado su adquisición de Matterport (NASDAQ: MTTR), líder en tecnología de gemelos digitales 3D. La fusión combina los datos de propiedades y los mercados en línea de CoStar con la innovadora captura 3D y las percepciones impulsadas por IA de Matterport.
Matterport ha digitalizado más de 14 millones de espacios y 50 mil millones de pies cuadrados en 177 países, creando la biblioteca de datos espaciales más grande del mundo. La empresa combinada tiene como objetivo acelerar la adopción de la tecnología de gemelos digitales en los sectores inmobiliario comercial y residencial.
La adquisición apunta a una oportunidad de mercado significativa, con más de cuatro mil millones de edificios residenciales y comerciales a nivel mundial que representan una clase de activos de 327 billones de dólares. Las empresas planean invertir más en IA, visión por computadora y aprendizaje automático para mejorar el análisis de propiedades y la eficiencia operativa.
코스타 그룹 (NASDAQ: CSGP)는 3D 디지털 트윈 기술의 선두주자인 매터포트 (NASDAQ: MTTR)를 인수 완료했습니다. 이번 합병은 코스타의 부동산 데이터와 온라인 마켓플레이스를 매터포트의 혁신적인 3D 캡처 및 AI 기반 통찰력과 결합합니다.
매터포트는 177개국에서 1400만 개 이상의 공간과 500억 평방피트를 디지털화하여 세계 최대의 공간 데이터 라이브러리를 만들었습니다. 결합된 회사는 상업 및 주거용 부동산 분야에서 디지털 트윈 기술의 채택을 가속화하는 것을 목표로 하고 있습니다.
이번 인수는 전 세계적으로 40억 개 이상의 주거 및 상업 건물을 대상으로 하며, 이는 327조 달러 자산 클래스를 나타냅니다. 두 회사는 부동산 분석 및 운영 효율성을 향상시키기 위해 AI, 컴퓨터 비전 및 머신러닝에 추가로 투자할 계획입니다.
CoStar Group (NASDAQ: CSGP) a finalisé l'acquisition de Matterport (NASDAQ: MTTR), un leader dans la technologie des jumeaux numériques 3D. La fusion combine les données immobilières et les marchés en ligne de CoStar avec la technologie de capture 3D innovante et les insights alimentés par l'IA de Matterport.
Matterport a numérisé plus de 14 millions d'espaces et 50 milliards de pieds carrés dans 177 pays, créant ainsi la plus grande bibliothèque de données spatiales au monde. La société combinée vise à accélérer l'adoption de la technologie des jumeaux numériques dans les secteurs de l'immobilier commercial et résidentiel.
L'acquisition cible une opportunité de marché significative, avec plus de quatre milliards de bâtiments résidentiels et commerciaux dans le monde, représentant une classe d'actifs de 327 billions de dollars. Les entreprises prévoient d'investir davantage dans l'IA, la vision par ordinateur et l'apprentissage automatique pour améliorer l'analyse immobilière et l'efficacité opérationnelle.
CoStar Group (NASDAQ: CSGP) hat die Übernahme von Matterport (NASDAQ: MTTR) abgeschlossen, einem führenden Anbieter von 3D-Digital-Twin-Technologie. Die Fusion kombiniert die Immobiliendaten und Online-Marktplätze von CoStar mit der innovativen 3D-Erfassung und den KI-gestützten Erkenntnissen von Matterport.
Matterport hat über 14 Millionen Räume und 50 Milliarden Quadratfuß in 177 Ländern digitalisiert und die größte räumliche Datenbibliothek der Welt geschaffen. Das kombinierte Unternehmen hat sich zum Ziel gesetzt, die Einführung der Digital-Twin-Technologie in den Bereichen Gewerbe- und Wohnimmobilien zu beschleunigen.
Die Übernahme zielt auf eine bedeutende Marktchance ab, da es weltweit über vier Milliarden Wohn- und Gewerbegebäude gibt, die eine Vermögensklasse von 327 Billionen Dollar repräsentieren. Die Unternehmen planen, weiter in KI, Computer Vision und maschinelles Lernen zu investieren, um die Immobilienanalytik und die Betriebseffizienz zu verbessern.
- Access to world's largest spatial data library with 14M digitized spaces
- Entry into $327T global real estate asset market
- Enhanced AI and digital twin capabilities
- Integration of 3D technology with existing property data platforms
- None.
Insights
CoStar Group's acquisition of Matterport represents a strategic expansion of its technological capabilities in the real estate information sector. By integrating Matterport's 3D digital twin technology with its extensive property data and marketplace platforms, CoStar positions itself to deliver enhanced visualization capabilities across its product suite, potentially commanding premium pricing.
The transaction aligns with CoStar's historical growth strategy of acquiring complementary technology platforms to strengthen its market position. What's particularly notable is the spatial data advantage this brings - Matterport's library of over 14 million digitized spaces provides CoStar with valuable proprietary content that competitors cannot easily replicate.
While the announcement doesn't disclose financial terms, this acquisition fits CoStar's pattern of investing in technologies that enhance its core information services. The focus on AI and machine learning capabilities signals CoStar's intention to develop higher-value analytical products, potentially leading to expanded subscription offerings and stronger customer retention.
The global real estate market's size (
This acquisition positions CoStar at the forefront of real estate's digital transformation through the integration of complementary technologies. Matterport's 3D spatial mapping capabilities create an executable data layer that CoStar can merge with its extensive property information database, enabling new analytical possibilities beyond what either company could achieve independently.
The technical synergies are compelling - Matterport's computer vision and spatial recognition technology can now be applied across CoStar's vast property catalog. This enables automated extraction of property features from visual data, creating richer, more accurate listings without manual intervention. The AI applications mentioned likely include automated property measurement, feature detection, and condition assessment - all enhancing CoStar's core information products.
What's technically significant is the scale advantage - with 50 billion square feet already digitized across 177 countries, the combined entity possesses a spatial data moat that would take competitors years to replicate. This positions CoStar to develop proprietary AI models trained on the world's largest digital property dataset.
The untapped opportunity remains substantial - the article notes that most of the world's buildings remain undigitized. By combining Matterport's capture technology with CoStar's distribution channels, they're positioned to accelerate digital twin adoption across commercial and residential real estate sectors.
CoStar Group and Matterport to deepen their focus in AI, computer vision, and machine learning, advancing property insights and driving the growth of digital twin technology across the global commercial and residential real estate sector
“CoStar Group and Matterport have long shared a vision of digitizing the real estate industry, and today, we officially unite to realize that future together,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “Matterport’s cutting-edge 3D capture and AI-powered property insights have already transformed how residential and commercial properties are marketed and experienced. By integrating Matterport’s groundbreaking digital twin technology with our vast property data and online marketplaces, we are creating an unparalleled solution for buyers, sellers, and renters to explore properties with greater depth and insight than ever before."
Matterport pioneered 3D digital twins, enabling property owners, buyers, and renters to experience properties with immersive accuracy from anywhere in the world. With over 14 million spaces and 50 billion square feet digitized across 177 countries, Matterport has built the world’s largest and most precise spatial data library, empowering real estate professionals with powerful insights and visualization tools.
“This is an exciting milestone for Matterport, as we join forces with CoStar Group to accelerate our impact on the global real estate industry,” said RJ Pittman, Chairman and CEO of Matterport. “From residential to commercial, our technology is redefining how residential and commercial spaces are discovered, marketed, and transacted. With CoStar Group’s scale and resources, we can fast-track innovation, deepen AI-driven analytics, and deliver even greater value to our customers worldwide.”
CoStar Group and Matterport are committed to further investing in AI, computer vision, and machine learning to improve property analytics, optimize operational efficiency, and broaden the use of digital twin technologies throughout the real estate industry. As the demand for remote property exploration and data-driven decision-making continues to grow, this merger positions the combined company at the forefront of the next generation of real estate technology.
The opportunity ahead is vast—there are more than four billion residential and commercial buildings on the planet, roughly twice as many as there are websites on the internet today. Yet, the vast majority of these spaces remain largely undigitized. With the property sector representing a
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is the global leader in commercial real estate information, analytics, and online marketplaces. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands include STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the
CoStar Group’s websites attracted over 134 million average monthly unique visitors in the fourth quarter of 2024, serving clients around the world. Headquartered in
Forward-Looking Statements This press release contains forward-looking statements regarding the anticipated benefits of the merger, investment in Matterport’s technology, and expansion of digital twin applications. These statements involve risks and uncertainties, including but not limited to market conditions, competitive pressures, and regulatory factors. Actual results may differ materially. CoStar Group and Matterport disclaim any obligation to update forward-looking statements, except as required by law.
Advisors
J.P. Morgan Securities is serving as financial advisor and Latham & Watkins LLP is serving as legal advisor to CoStar Group.
Qatalyst Partners is serving as financial advisor and Foley & Lardner LLP is serving as legal advisor to Matterport.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250228873241/en/
News Media:
Matthew Blocher
Vice President
CoStar Group Corporate Marketing & Communications
(202) 346-6775
mblocher@costar.com
Investor Relations:
Rich Simonelli
Head of Investor Relations
CoStar Group Investor Relations
(202) 346-5649
getrich@costar.com
Source: CoStar Group
FAQ
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