Matterport says that hundreds of thousands of customers around the world have brought five million buildings and spaces online with its platform to more effectively access, manage and utilize them. Over 15 billion square feet of space, more than five times the number of buildings in New York City, have been transformed into Matterport digital twins -- everything from homes, offices, schools, factories, retail stores, hotels, apartments, vacation properties, museums, galleries, yachts and even aircraft. Digital engagement has been rapidly increasing with more than 2 billion views of digital twins served from all over the world. The number of Matterport digital twins has more than doubled since May 2020, fueled by a string of innovations and more accessible solutions for everyone, including the freely available Matterport for iPhone.
“Matterport digital twins are compelling and facilitate conversations among stakeholders across regions,” says Patrick McGrath, CIO at Savills. “Even when everyone is local, Matterport reduces the time it takes to understand a property - from multiple days and site visits to a couple of hours on a call.” McGrath adds that these benefits won’t end with the pandemic, and Savills will continue to use Matterport in multiple ways to serve their clients. “Frankly, in today’s environment, I don’t see how an advisor can have an effective conversation about real estate without Matterport.”
“Matterport is fundamentally changing our understanding of the buildings and spaces in which we live, work, and play, by turning them into data. Digitizing a space unlocks new ways to engage, access, manage, and use it even when it’s on the other side of the world from us,” said RJ Pittman, CEO of Matterport. “Real estate, in all its forms, is the largest asset class in the world, with an estimated value of over $230 trillion yet still remains largely offline. Today’s milestone reflects the enormous scale advantage that we have worked hard to achieve over the past decade. Digitizing the built world with our velocity and precision takes unprecedented science and data to accomplish successfully. Driven by our big innovations still to come and the sheer magnitude of the offline world, we are just scratching the surface of arguably the biggest opportunity of the next decade.”