CoStar Group acquires Matterport, Inc.

CoStar Group acquired Matterport, Inc. for $5.50 per share ($2.75 cash plus $2.75 in CoStar stock), an estimated $1.6 billion of enterprise value, a transaction completed in February 2025, structured as combination of cash and stock.

Matterport, Inc. operates in Property technology / 3D digital twins and AI, is based in Sunnyvale, California. Matterport, founded in 2011, pioneered 3D capture technology that creates dimensionally accurate photorealistic virtual tours, or digital twins, of any property. Its patented technology, flagship LiDAR-based Pro3 camera, and Cortex AI engine power the world's largest spatial data library with over 14 million spaces and 50 billion square feet digitized across 177 countries. CoStar acquired Matterport in a cash-and-stock transaction to accelerate AI-driven digital twin technology across its product lines.

Increase the development and deployment of advanced AI and digital twin technology across all of CoStar Group's product lines, uniting Matterport's 3D capture and AI with CoStar's property data and marketplaces.

By integrating Matterport's groundbreaking digital twin technology with our vast property data and online marketplaces, we are creating an unparalleled solution for buyers, sellers, and renters to explore properties with greater depth and insight than ever before.Andy Florance, Founder and Chief Executive Officer, CoStar Group

Advisory firms were not disclosed for this transaction.

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