CoStar Group (NASDAQ: CSGP) Completes Acquisition of Matterport (NASDAQ: MTTR) to Revolutionize Real Estate with 3D Digital Twin Technology

2 min read | March 02, 2025 08:55 PM PST | By Team Kalkine Media

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CoStar Group (NASDAQ: CSGP) Completes Acquisition of Matterport (NASDAQ: MTTR) to Revolutionize Real Estate with 3D Digital Twin Technology — Image source: Shutterstock

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Highlights:

CoStar acquires Matterport to access the world’s largest spatial data library of 14 million digitized spaces.

Merger targets a $327 trillion global real estate asset class, enhancing property analytics.

Integration of 3D digital twin technology with CoStar’s property data platforms.

CoStar Group (NASDAQ:CSGP), a leading provider of commercial real estate data and analytics, has completed its acquisition of Matterport (NASDAQ:MTTR), a trailblazer in 3D digital twin technology. This merger combines CoStar's vast property data and online marketplaces with Matterport's innovative 3D capture capabilities and AI-powered insights. The integration is set to redefine the real estate industry by driving the adoption of cutting-edge digital twin technology across both the commercial and residential sectors.

Matterport has digitized over 14 million spaces and 50 billion square feet across 177 countries, creating the world's largest spatial data library. With this extensive digital asset, the combined company aims to revolutionize how real estate professionals manage and analyze properties, offering deep insights into building layouts, conditions, and operations. This acquisition opens up a significant market opportunity, as there are over four billion residential and commercial buildings globally, representing a $327 trillion asset class.

Looking ahead, CoStar Group and Matterport plan to further invest in artificial intelligence (AI), computer vision, and machine learning to enhance property analytics, streamline operations, and improve decision-making processes. By integrating Matterport’s 3D technology with CoStar’s comprehensive property data platforms, the companies expect to offer unprecedented operational efficiency and analytics capabilities to real estate professionals around the world.

The merger also offers the potential to accelerate the adoption of digital twins in the real estate market, enabling more immersive property viewing experiences and data-driven property

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