Smart Buildings

Matterport Digital Twin Business and 2022 Financials Examined

In this Research Note, we examine Matterport, the U.S. digital twin business, based on 2022 financial results, investor presentations, 10K Annual Report and recent press releases. Since its founding in 2011, Matterport, headquartered in Sunnyvale, California, has been a first mover in digitizing, accessing and managing buildings, spaces and places online, with their 3D capture technology and AI-powered insights. Their platform uses spatial data collected from a wide variety of digital capture devices to transform physical buildings and spaces into dimensionally accurate, photorealistic digital twins that provide their subscribers with access to previously unavailable building information and insights. Millions of buildings have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. The company, which initially sold 3D cameras, has since expanded its services to capturing 360-degree images for diverse stakeholders across the built world. The Matterport platform is designed […]

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