Welcome to our dedicated page for Matterport news (Ticker: MTTR), a resource for investors and traders seeking the latest updates and insights on Matterport stock.
Matterport, Inc. (Nasdaq: MTTR) is a leading spatial data company dedicated to digitizing and indexing the built world. Leveraging its innovative 3D media platform, Matterport enables users to create accurate and immersive digital twins of physical spaces. This groundbreaking technology can be utilized across various stages of a building's lifecycle, including design, construction, operation, and marketing.
With its proprietary technology, Matterport has revolutionized the industry by introducing affordable subscription tiers and supporting a wide range of capture devices, including the advanced Pro3 camera. This strategy has democratized 3D capture technology, resulting in a remarkable 75x growth in subscribers over five years, reaching over one million users today. This success underscores Matterport's leadership in the 3D capture and digital twin market.
The company primarily generates revenue through subscription fees, comprising 60% of its total revenue. Matterport’s SaaS-driven approach has significantly enhanced user engagement and adoption rates, fostering revenue growth through renewals, upsells, and new services like Property Intelligence. The company's commitment to innovation and community engagement has cultivated a vibrant user base that leverages the platform for various applications, from property marketing to facilities management, and beyond.
Matterport continues to drive growth and expansion with AI-powered offerings. The Winter 2024 Release introduced automated features that transform data extraction from properties, laying the groundwork for future advancements in property insights. Upcoming generative AI solutions promise to further innovate by allowing users to reimagine and redesign spaces within their digital twins.
Recent achievements include collaborations with major entities like Crunch Fitness and BMO, enhancing brand uniformity and operational efficiencies through Matterport’s digital twin platform. These partnerships exemplify Matterport's ability to provide scalable and precise solutions for diverse industries.
Founded in 2011, Matterport remains at the forefront of the digital transformation of the built world. The company continues to pioneer advancements in 3D capture technology, making it an indispensable tool for millions of buildings across 177 countries. For more information about Matterport and its services, visit matterport.com.
Matterport, Inc. (Nasdaq: MTTR) has been adopted by Cushman & Wakefield Japan to enhance property marketing through its 3D virtualization technology. This collaboration, stemming from a previous global agreement, allows Cushman & Wakefield to provide virtual tours, increasing engagement by over 300% compared to traditional methods. The technology offers clients real-time project monitoring and reduces travel needs, ensuring safety during the pandemic. Key leaders from both companies emphasize the competitive edge and long-term value of implementing this digital solution in a challenging market.
Matterport announces that its Pro2 cameras for creating digital twins are now available for quick purchase via Amazon’s 1-Click ordering and Prime delivery in the UK, France, Italy, and Spain. This expansion enhances consumer access to Matterport’s technology, which transforms buildings into immersive, digital experiences. The Pro2 camera captures 3D data and 4K HDR images, aiding various sectors, including real estate and construction. With faster shipping and easy returns through Amazon, Matterport aims to reach new customers effectively.
Matterport, a leader in spatial data technology, has partnered with Superyacht Creative to enhance sales in the luxury superyacht industry through photorealistic 3D digital twins. This collaboration allows superyacht builders and owners to showcase vessels effectively, resulting in quicker sales. The integration of 3D digital twins provides buyers with immersive experiences, streamlining the purchasing process and improving visibility. Companies utilizing this technology report increased operational efficiency and the ability to meet rising demand, showcasing Matterport's growing influence beyond real estate.
Matterport, Inc. (Nasdaq: MTTR) has appointed Seth Finkel as VP of Public Sector to enhance its strategy and revenue growth in government markets. With over 25 years of experience, Finkel will lead Matterport's initiative to digitize U.S. government facilities using its advanced 3D capture technology. The company is also developing a Government Cloud (GovCloud) to meet regulatory requirements. This move aims to provide government agencies with secure, immersive digital solutions that facilitate operational efficiency and enhance public service delivery.
Matterport, Inc. (Nasdaq: MTTR) is expanding its Capture Services On-Demand to 22 new cities across the U.S. and four in the U.K., totaling 51 U.S. cities. This service allows quick scheduling of trained technicians to create 3D digital twins of properties, enhancing workflow efficiency for various industries. Customers report significant benefits, including faster property listings and improved engagement. Pricing transparency and easy scheduling are key features, driving demand for the service.
Matterport, Inc. (Nasdaq: MTTR) has partnered with In-Q-Tel to develop a compliant Government Cloud (GovCloud) offering, targeting federal agencies such as the Department of Defense and FEMA. The partnership aims to enhance the adoption of Matterport's spatial data technology for applications across various government sectors, improving emergency response and infrastructure management. The company will utilize AWS GovCloud to ensure compliance with strict security standards, enabling federal agencies to digitize critical assets. This development opens up new use cases and strengthens Matterport’s position in the public sector.
Matterport, Inc. (Nasdaq: MTTR) announced a strategic partnership with In-Q-Tel to develop a compliant Government Cloud (GovCloud) offering aimed at federal agencies. This collaboration facilitates the adoption of Matterport's technology for diverse applications, enhancing the security and operational capabilities of agencies like the Department of Defense and FEMA. By digitizing assets such as infrastructure and critical facilities, Matterport aims to provide federal agencies with immersive 3D digital twins, improving emergency response and operational efficiency. The platform will comply with rigorous cybersecurity standards.
Matterport, Inc. (Nasdaq: MTTR) has launched an open beta for Notes, a real-time collaboration tool integrated into Matterport digital twins, designed to enhance productivity for teams. This innovative tool allows users to communicate, share files, and manage tasks directly within 3D spaces, benefiting various sectors, including residential and commercial real estate, architecture, and retail. The launch aims to streamline workflows and improve decision-making across remote locations, ultimately driving efficiency and collaboration among stakeholders.
Matterport, Inc. (Nasdaq: MTTR) has announced its participation in two virtual investor conferences. The Deutsche Bank Technology Conference is scheduled for September 9, 2021, at 3:50 p.m. EDT, while the Piper Sandler Global Technology Conference will take place on September 13, 2021. Both presentations will be webcast live and archived on Matterport's investor relations website. Matterport specializes in turning physical spaces into digital twins, enhancing the value and accessibility of buildings worldwide.
Matterport launched TruePlan for Xactimate, enabling insurance professionals to create editable 3D diagrams swiftly, enhancing operational efficiency. This integration allows users to order a TruePlan from 3D models with one click, streamlining claims processing. TruePlan has garnered recognition, winning the 2021 Contractor’s Choice Award for Product of the Year. The collaboration aims to improve customer satisfaction by reducing estimation time, costs, and increasing productivity, positioning Matterport favorably in the insurance and restoration sectors.
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