CoStar Group completed the acquisition of Matterport for $1.6bn.

CoStar Group, a provider of online real estate marketplaces, information and analytics in the property markets, completed the acquisition of Matterport, an American 3D spatial mapping company, for $1.6bn. “CoStar Group and Matterport have long shared a vision of digitizing the real estate industry, and today, we officially unite to realize that future together. Matterport’s cutting-edge 3D capture and AI-powered property insights have already transformed how residential and commercial properties are marketed and experienced. 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, CoStar Group Founder and CEO.