Matterport is a leading spatial data company specializing in the digitization of physical spaces into immersive 3D digital twins. Their platform enables users to capture, manage, and share digital representations of real-world environments, enhancing operations across various industries, including real estate, construction, and facilities management. Matterport's technology facilitates accurate and interactive virtual experiences, streamlining property marketing, design, and maintenance processes. In April 2024, CoStar Group announced plans to acquire Matterport in a cash-and-stock deal valued at approximately $1.6 billion, aiming to bolster its digital real estate services. This strategic move underscores Matterport's significant role in transforming how physical spaces are experienced and managed digitally.