CoStar Group announced the successful completion of its acquisition of Matterport, Inc., a global leader in 3D digital twin technology. This combination aims to accelerate the adoption of AI-driven digital twin technology across the global real estate landscape.
Matterport has digitized over 14 million spaces and 50 billion square feet across 177 countries, creating the world’s largest and most precise spatial data library. Integrating this technology with CoStar’s property data and online marketplaces will provide unparalleled solutions for exploring properties.
CoStar Group and Matterport are committed to further investing in AI, computer vision, and machine learning to improve property analytics and optimize operational efficiency. This merger positions the combined company at the forefront of digitizing the world's real estate, a $327 trillion asset class, by bringing AI-powered intelligence and 3D digital twins to the built world.
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