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Matterport - About the company

Matterport is an acquired company based in Sunnyvale (United States), founded in 2011 by Dave Gausebeck and Mike Beebe. It operates as a Provider of cloud and AI-based virtual tour solutions for construction professionals. Matterport has raised $163M in funding from investors like Qualcomm Ventures, DCM Ventures and Lux Capital. The company has 428 active competitors, including 84 funded and 15 that have exited. Its top competitors include companies like Hexagon, Hover and Flipspaces.

Company Details

Provider of cloud and AI-based virtual tour solutions for construction professionals. It offers a mobile application that enables users to 3D scan using the mobile phone camera, as well as create, customize, and publish 3D models. It also offers 3D scanning systems and 3D cameras. It combines data to create one complete 3D model, which can be viewed, modified, annotated and shared using any computer and mobile phone.
Social
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Email ID
*****@matterport.com
Phone Number
+1 **********
Key Metrics
Founded Year
2011
Location
Sunnyvale, United States
Stage
Acquired
Total Funding
$163M in 13 rounds
Latest Funding Round
Ranked
Annual Revenue
$136M as on Dec 31, 2022
Employee Count
497 as on Dec 31, 2022
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by CoStar Group (Apr 22, 2024)
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Matterport's acquisition details

Matterport got acquired by CoStar Group on Apr 22, 2024 at an acquisition amount of $1.6B. It was facilitated by Latham & Watkins, Qatalyst Partners, Foley & Lardner and 1 more.
Click here to take a look at Matterport's acquisition in detail

Matterport's funding and investors

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Matterport has raised a total funding of $163M over 13 rounds. Its first funding round was on Mar 13, 2012.

Matterport has 38 institutional investors including Qualcomm Ventures, DCM Ventures and Lux Capital. Gordon Segal and 1 other are Angel Investors in Matterport.

Here is the list of recent funding rounds of Matterport:
Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
Jul 24, 2020
$52.4M
Series D
3202967
4691732
-
Mar 05, 2019
$48M
Series D
4767776
9185011
May 01, 2018
Undisclosed
Series C
6605021
4953772
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Matterport's founders and board of directors

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The founders of Matterport are Dave Gausebeck and Mike Beebe. Bill Brown and Rj Pittman are the CEOs of Matterport.
Here are the details of Matterport's key team members:

Matterport's employee count trend

Matterport has 497 employees as of Dec 22. The total employee count is 39.0% more than what it was in Dec 21. Here is Matterport's employee count trend over the years:
Employee count trend for Matterport
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Matterport's Competitors and alternates

Top competitors of Matterport include Hexagon, Hover and Flipspaces. Here is the list of Top 10 competitors of Matterport, ranked by Tracxn score:
Overall Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Matterport
Matterport
2011, Sunnyvale (United States), Acquired
Provider of cloud and AI-based virtual tour solutions for construction professionals
$163M
81/100
2nd
Logo for Hexagon
Hexagon
1980, Stockholm (Sweden), Public
A digital conglomerate company providing sensor, software, and autonomous solutions
-
74/100
3rd
Logo for Hover
Hover
2011, San Francisco (United States), Series D
App for 3D CAD property modeling
$142M
70/100
4th
Logo for Flipspaces
Flipspaces
2011, Mumbai (India), Series C
Provider of integrated office design, build, and product supply services
$48.5M
68/100
5th
Logo for Polycam
Polycam
2020, San Francisco (United States), Series A
Provider of LiDAR based scanning software
$22M
56/100
6th
Logo for ALL3D
ALL3D
2019, San Francisco (United States), Series A
Provider of AI-based 3D scanning and animation solutions
$8.84M
54/100
7th
Logo for iStaging
iStaging
2007, Taipei (Taiwan), Seed
Online augmented and virtual reality platforms and devices built for businesses
$5M
51/100
8th
Logo for IGUIDE
IGUIDE
2012, Kitchener (Canada), Unfunded
SaaS-based BIM and 3D modelling solutioins for the construction sector
-
-
50/100
9th
Logo for OGSystems
OGSystems
2004, Chantilly (United States), Acquired
Provider of aerial photogrammetry and data processing solutions
-
50/100
10th
Logo for Foyr
Foyr
2014, Hyderabad (India), Series A
Provider of cloud-based interior design software platform
$9.66M
49/100
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Looking for more details on Matterport's competitors? Click here to see the top ones

Matterport's Investments and acquisitions

Matterport has made 1 investment in Perchwell and acquired VHT Studios and Virtual Walkthrough. Here is the list of these investments and acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Jul 07, 2022
Acquisition
1998
Rosemont, United States
Dec 08, 2021
Investments
2015
New York City, United States
Jul 14, 2016
Acquisition
2009
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Reports related to Matterport

Here is the latest report on Matterport's sector:

News related to Matterport

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Media has covered Matterport for a total of 27 events in the last 1 year, 7 of them have been about company updates and 3 about partnerships.
CoStar Completes $1.6 Billion Matterport AcquisitionOnline Market PlacesMar 03, 2025CoStar Group, Matterport
CoStar Group Acquires MatterportCoveragerMar 01, 2025Matterport, CoStar Group
Matterport Announces Fourth Quarter 2024 Financial ResultsGlobeNewswireFeb 27, 2025Matterport
Matterport Non-GAAP EPS of -$0.02, revenue of $43.8MSeeking AlphaFeb 26, 2025Matterport
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FAQ's about Matterport

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