Matterport has successfully mapped over 14 million spaces across 177 countries, reaching a pivotal point in its operations. Partnering with CoStar Group is set to bolster Matterport's influence in the real estate sector, allowing them to leverage CoStar's extensive resources to innovate faster. The companies aim to invest in artificial intelligence, computer vision, and machine learning to refine property analytics and streamline operations. CoStar Group showed a revenue increase in 2024, generating $2.74 billion despite a decline in net income, showcasing the dynamic landscape of the real estate market.
Matterport has now mapped over 14 million spaces in 177 countries, which marks a significant milestone as they partner with CoStar Group to enhance their global presence.
RJ Pittman, CEO of Matterport, emphasized the collaborative effort with CoStar Group will fast-track innovation in AI-driven analytics, ultimately delivering enhanced value to customers.
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