WGAN Forum Podcast

How CoStar Acquiring Matterport Affects Real Estate Photographers that Offer Matterport Commentary and analysis by: Dan Smigrod Founder and Managing Editor We Get Around Network and WGAN-TV Atlanta, Georgia If you are like most of the 18,000+ monthly readers of the We Get Around Network Forum — a real estate photographer that offers Matterport to help sell, lease or rent residential and commercial real estate — you are likely wondering if the news Monday (April 22, 2024) that Matterport has entered into a definitive agreement to be acquired by CoStar Group is good news for you. Congratulations. You won the lottery. For real estate photographers that offer Matterport, the symbiotic relationship - like bees and flowers - of Matterport and CoStar will result in: 1. Increased demand for Matterport digital twins from CoStar clients not presently using Matterport 2. Increased demand for Matterport digital twins from CoStar clients using Matterport 3. Increase demand for Matterport digital twins from non-CoStar clients 4. Higher Add On prices for Matterport digital twins as we know them today 5. leverage Matterport’s spatial data 6. More demand for professional images, video and aerial services 7. More demand for related digital marketing services such as 3D/360/2D virtual staging 8. More Matterport Partners offering integrations for residential and commercial real estate 9. Matterport seamless integrations among Matterport, CoStar brands and enterprise clients CoStar excels at creating, acquiring and growing property marketplaces for selling, leasing, renting and managing residential and commercial real estate. And, as a result of being a very big client of Matterport for nearly 10 years — CoStar’s research shows that its marketplace listings with Matterport digital twins increases time spent viewing listings. That likely translates to: 1. Sellers using Matterport virtual tours get more offers, sooner resulting in more money 2. Real Estate agents and brokers win more and bigger premium listings 3. Buyers, lessors and renters have more confidence making decisions We Get Around Network Forum readers likely have used these talking points for years to help sell Matterport as an Add On for marketing and managing properties. According to the CoStar media release on Monday, “CoStar Group operates some of the most effective and widely recognized real estate information solutions and online property marketplaces in the world including Apartments.com, LoopNet, CoStar, and Homes.com, all of which feature Matterport’s 3D virtual tours. CoStar Group was one of the first adopters of Matterport’s technology, and currently has almost 300,000 Matterport digital twins available in the CoStar information product and online property marketplaces. Advertisers on CoStar Group marketplaces clearly recognize the value of Matterport virtual tours. In March 2024, there were over 7.4 million views of Matterport 3D Tours on Apartments.com, with consumers spending 20% more time viewing an apartment listing when Matterports were available. CoStar Group intends to utilize Matterports in a similar fashion on Homes.com to further enhance the most comprehensive agent, seller and buyer friendly residential portal on the market.” CoStar — a company that did 16 times gross revenue ($2.46 billion) versus Matterport’s gross revenue ($157.7 million) in 2023 — has the scale to aggressively market Matterport digital twins. Costar will likely, aggressively: 1. feature Matterport — and Matterport AI powered features — in all its marketplace listings 2. offer Matterport as an Add On 3. Include in its marketing bundles, Matterport’s Capture Services or the all-in-one offering from its VHT Studios subsidiary 4. Advertise in the 2025 Super Bowl its Homes.com and Apartments.com marketplaces highlighting listings with Matterport digital twins. 5. Sell Matterport to its enterprise clients leverage the Matterport SDK for seamless integrations 6. Consider a pricing model such as free Matterport digital twin with your [CoStar platform] listing. (The photographer still gets paid.) For clarification, think about how razor blade companies make money on selling blades and photocopier companies making money selling toner or ink cartridges. 7. Seek innovative ways to add value to Matterport clients While Matterport pumped the brakes in the last 12 months — laying off 30 percent of its workforce to achieve profitability in 2024 —CoStar will remove the brakes and step on the Matterport gas pedal. For example, CoStar will increase Matterport hiring for: 1. Research and Development 2. AI and Machine Learning 3. Property Intelligence product development 4. Autonomous capture (drones, robots) 5. SDK integrations among CoStar clients using CoStar brands (marketplaces) with Matterport 6. Marketing and Sales 7. Matterport SDK Partner Program (Please see my related We Get Around Network Forum topic: How Matterport Can Succeed Faster with a $25 Million Fund for SDK Partners) According to CoStar Founder and CEO Andy Florance – as quoted in the CoStar media release Monday – “CoStar Group intends to support and invest in research and development opportunities to further develop Matterport’s spatial technology, including the application of AI and machine learning to extract information from the 3D spatial data library as well as using generative artificial intelligence to imagine and reimagine physical spaces.” While I had predicted that Hexagon (Will Matterport be Acquired by Hexagon?) or Google (Why Google Will Acquire Matterport?) would likely acquire Matterport, my initial impression is that Matterport being acquired by CoStar for property marketing and intelligence is a great fit. During the Matterport 2023 Earnings Call, Matterport Chief Financial Officer JD Fay said, “residential real estate represented approximately 50% of subscription revenue in Q4.” I imagine that property marketing for commercial real estate and travel and hospitality represent significant subscription revenue of the remaining 50 percent of subscription revenue. These verticals are also sweet spots among CoStar Group brands and for real estate photographers offering Matterport. Additionally, CoStar has — and likely will — continue to acquire marketplaces in other countries. Matterport operates globally and in multiple languages. So, the symbiotic relationship extends to these international marketplaces as well. While the We Get Around Network community has expressed both excitement and concerns about the pending acquisition, it’s clear to me that real estate photographers that offer Matterport to help sell, lease, rent and manage residential and commercial real estate are all winners. Among the comments: “You should all post on your local news feeds and Facebook profiles that the reason CoStar [plans to] acquired Matterport is because 3D tours really work,” said We Get Around Network Forum Member @GETMYVR For real estate photographers that are using different 3D/360 platforms, the CoStar acquisition of Matterport will grow the market share of other hosting platforms too. I also anticipate that CoStar will enable other 3D and 360 hosting platforms to seamlessly publish to CoStar brands. Costar + Matterport = A rising tide lifts all boats. The more listings to sell, lease, rent or manage properties that include a Matterport digital twin, the more those selling, leasing, and renting will ask agents if they will include a Matterport virtual tour in their listing and the agent, broker or property manager will need to say yes to get the business. And, another digital twin hosting platform may check that box: either because the platform offers benefits that Matterport does not offer or their virtual tour is “good enough” for the agent to win listings. . I am old enough to remember when MLS real estate listings were just text. Today, all listings include photos and some listings have digital twins. That gap will narrow with the help from CoStar: the soon-to-be new 800 pound gorilla in our digital twin space. Plus, if buyer agents disappear as a result of the recent NAR lawsuits, digital twins become that more important for digital property marketing. As a result of the CoStar definitive agreement to acquire Matterport — and the NAR lawsuits — table stakes for residential and commercial real estate listings may soon include photos and digital twins. That said, real estate photographers will need to be patient. It could take until the end of 2024 for the CoStar acquisition of Matterport to actually happen; and then potentially years to seamlessly integrate Matterport team and technology with the various CoStar brands. I can’t wait for the future to arrive. How about you? What are your thoughts about how the planned CoStar acquisition of Matterport will affect you? Please post your thoughts in the We Get Around Network Forum: www.WeGetAroundNetwork.com

CoStar Group to Acquire Matterport, the Global Leader in Immersive 3D Digital Twins and Artificial Intelligence for the Real Estate Industry that makes Properties Intuitive and Interactive Online The Transaction is Expected to Increase the Development and Deployment of Advanced AI and Digital Twin Technology Across All of CoStar Group’s Product Lines WASHINGTON, DC – April 22, 2024 - CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets announced today that it has reached a definitive agreement to acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise value. Under the terms and subject to the conditions of the agreement, Matterport stockholders will receive $2.75 in cash and $2.75 in shares of CoStar Group common stock for each share of Matterport common stock. Founded in 2011, Matterport pioneered the development of the first 3D capture solution to deliver dimensionally accurate, photorealistic virtual tours or “digital twins” for any type of property. Matterport’s proprietary and patented technology enables anyone to digitize a property using a variety of camera technologies including cameras found on most smartphones. Matterport also produces a line of innovative 3D capture devices, including the company’s flagship LiDAR-based Pro3 camera which is capable of high-precision indoor and outdoor capture. At the center of the solution is Cortex, a powerful artificial intelligence software engine that automatically generates the 3D digital twin and virtual tour while providing property insights like detailed property dimensions, room layouts, and more. Matterport's 3D technology is utilized in nearly every sector of real estate, spanning residential, commercial, hospitality, retail, and industrial spaces, among others. Over the years, Matterport has curated what is considered the largest and most precise collection of spatial property data worldwide, with over 12 million spaces captured in 177 countries, and representing more than 38 billion square feet of digital property under management. Contributing to this growth, Matterport has established a global network of several thousand photographers, capture services technicians, and service partners producing hundreds of thousands of new 3D digital twins for properties each month. CoStar Group operates some of the most effective and widely recognized real estate information solutions and online property marketplaces in the world including Apartments.com, LoopNet, CoStar, and Homes.com, all of which feature Matterport’s 3D virtual tours. CoStar Group was one of the first adopters of Matterport’s technology, and currently has almost 300,000 Matterport digital twins available in the CoStar information product and online property marketplaces. Advertisers on CoStar Group marketplaces clearly recognize the value of Matterport virtual tours. In March 2024, there were over 7.4 million views of Matterport 3D Tours on Apartments.com, with consumers spending 20% more time viewing an apartment listing when Matterports were available. CoStar Group intends to utilize Matterports in a similar fashion on Homes.com to further enhance the most comprehensive agent, seller and buyer friendly residential portal on the market. “CoStar Group and Matterport have nearly identical mission statements of digitizing the world’s real estate. I look forward to welcoming Matterport to the CoStar Group family and believe that we will be stronger together, in pursuit of our common mission,” said Andy Florance, Founder and CEO of CoStar Group. “The world has changed and today a Matterport is the new open house or property tour. People now select their next home, apartment, office, store, hotel, or warehouse on their mobile device often without ever visiting the property. There is no better way to remotely experience space than via Matterport. CoStar Group intends to support and invest in research and development opportunities to further develop Matterport’s spatial technology, including the application of AI and machine learning to extract information from the 3D spatial data library as well as using generative artificial intelligence to imagine and reimagine physical spaces.” RJ Pittman, Chair and CEO of Matterport said, “We are thrilled to join forces with Costar Group, a long-standing customer and partner with a shared vision for transforming global real estate through technology and digitization. This transaction is another significant milestone that acknowledges the groundbreaking work Matterport has accomplished in 3D digital twin technology and AI-driven property intelligence. With CoStar Group's expansive reach and scale in property research and analytics and our joint commitment to innovation, we believe that this powerful combination will transform how properties are marketed, sold, and managed worldwide. Importantly, it offers Matterport's stockholders the opportunity to participate in the value creation and future growth prospects of our combined efforts.” The transaction, which is expected to be completed during the year, is subject to the approval of Matterport stockholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. The transaction has been unanimously approved by the Matterport Board of Directors. Directors, Officers and certain other stockholders of Matterport, representing approximately 15% of Matterport’s fully diluted shares, have entered into voting agreements to support the transaction. The transaction is subject to a 10% symmetrical collar based on a CoStar Group share price of $86.02 as the midpoint. Matterport is headquartered in Sunnyvale, California and has approximately 440 employees. Revenue for the year ending December 31, 2023, was $158 million, representing growth of 16% on a year over year basis compared to 2022. CoStar Group plans to provide additional information about the Matterport acquisition during their earnings conference call at 5:00pm ET on April 23, 2024. ABOUT COSTAR GROUP, INC. CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attracted over 160 million unique monthly visitors in September 2023. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, CoStarGroup.com. ABOUT MATTERPORT Matterport, Inc. (NASDAQ: MTTR) is the World’s #1 Digital Twin Platform leading the digital transformation of the built world. Our groundbreaking platform turns buildings into data to make every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at matterport.com and browse a gallery of digital twins. ADDITIONAL INFORMATION AND WHERE TO FIND IT This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed transaction, CoStar intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Matterport that also constitutes a prospectus of CoStar and other documents regarding the proposed transaction. The definitive proxy statement/prospectus will be delivered to stockholders of Matterport. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus (when available) and other relevant documents filed by CoStar and Matterport with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by CoStar with the SEC will also be available on CoStar’s website at https://matterport.com. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION. PARTICIPANTS IN THE SOLICITATION CoStar, M

Matterport, the Global Leader in 3D Digital Twins, to be Acquired by CoStar Group SUNNYVALE, California, Monday, April 22, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ: MTTR), The spatial data company leading the digital transformation of the built world, announced today that it has entered into a definitive agreement with CoStar Group, Inc., a leading provider of online real estate marketplaces, information and analytics in the property markets, pursuant to which CoStar Group will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representing an equity value of approximately $2.1 billion and an enterprise value of approximately $1.6 billion based on the closing price for CoStar Group common stock on April 19, 2024. Under the terms and subject to the conditions of the agreement, which has been unanimously approved by Matterport’s Board of Directors, Matterport stockholders will receive $2.75 in cash and $2.75 in shares of CoStar Group common stock for each share of Matterport common stock. Founded in 2011, Matterport pioneered the development of the first 3D capture solution to deliver dimensionally accurate, photorealistic virtual tours or “digital twins” for any type of property. Matterport’s proprietary and patented technology enables anyone to digitize a property using a variety of camera technologies including cameras found on most smartphones. Matterport also produces a line of innovative 3D capture devices, including the company’s flagship LiDAR-based Pro3 camera which is capable of high-precision indoor and outdoor capture. At the center of the solution is Cortex, a powerful artificial intelligence software engine that automatically generates the 3D digital twin and virtual tour while providing property insights like detailed property dimensions, room layouts, and more. Matterport's 3D technology is utilized in nearly every sector of real estate, spanning residential, commercial, hospitality, retail, and industrial spaces, among others. Over the years, Matterport has curated what is considered the largest and most precise collection of spatial property data worldwide, with over 12 million spaces captured in 177 countries, and representing more than 38 billion square feet of digital property under management. Contributing to this growth, Matterport has established a global network of several thousand photographers, capture services technicians, and service partners producing hundreds of thousands of new 3D digital twins for properties each month. CoStar Group operates some of the most effective and widely recognized real estate information solutions and online property marketplaces in the world including Apartments.com, LoopNet, CoStar, and Homes.com, all of which feature Matterport’s 3D virtual tours. CoStar Group was one of the first adopters of Matterport’s technology, and currently has almost 300,000 Matterport digital twins available in the CoStar information product and online property marketplaces. Advertisers on CoStar Group marketplaces clearly recognize the value of Matterport virtual tours. In March 2024, there were over 7.4 million views of Matterport 3D Tours on Apartments.com, with consumers spending 20% more time viewing an apartment listing when Matterports were available. CoStar Group intends to utilize Matterport in a similar fashion on Homes.com to further enhance the most comprehensive agent, seller and buyer friendly residential portal on the market. “CoStar Group and Matterport have nearly identical mission statements of digitizing the world’s real estate. I look forward to welcoming Matterport to the CoStar Group family and believe that we will be stronger together, in pursuit of our common mission,” said Andy Florance, Founder and CEO of CoStar Group. “The world has changed and today a Matterport is the new open house or property tour. People now select their next home, apartment, office, store, hotel, or warehouse on their mobile device often without ever visiting the property. There is no better way to remotely experience space than via Matterport. CoStar Group intends to support and invest in research and development opportunities to further develop Matterport’s spatial technology, including the application of AI and machine learning to extract information from the 3D spatial data library as well as using generative artificial intelligence to imagine and reimagine physical spaces.” RJ Pittman, Chair and CEO of Matterport said, “We are thrilled to join forces with CoStar Group, a long-standing customer and partner with a shared vision for transforming global real estate through technology and digitization. This transaction is another significant milestone that acknowledges the groundbreaking work Matterport has accomplished in 3D digital twin technology and AI-driven property intelligence. With CoStar Group's expansive reach and scale in property research and analytics and our joint commitment to innovation, we believe that this powerful combination will transform how properties are marketed, sold, and managed worldwide. Importantly, it offers Matterport's stockholders the opportunity to participate in the value creation and future growth prospects of our combined efforts.” The transaction, which is expected to be completed during the year, is subject to the approval of Matterport stockholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. Directors, Officers and certain other stockholders of Matterport, representing approximately 15% of Matterport’s fully diluted shares, have entered into voting agreements to support the transaction.  The transaction is subject to a 10% symmetrical collar based on a CoStar Group share price of $86.02 as the midpoint. --- Matterport media release continues in the We Get Around Network Forum: https://www.wegetaroundnetwork.com/topic/19745/page/1/matterport-the-global-leader-in-3d-digital-twins-to-be-acquired-by-costar/  

SUNNYVALE, California, Tuesday, April 16, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading digital twin platform for the built world, announced it has partnered with Crunch Fitness, one of the largest fitness companies in North America, to use Matterport’s leading digital twin and photography services to ensure brand consistency across marketing materials for its U.S. franchise locations. Headquartered in New York City, Crunch has over 450 gyms worldwide, serving a diverse community of more than 2.5 million members. Known for its reputation for innovation in the fitness community, Crunch invested in Matterport’s state-of-the-art property marketing solutions to offer single-source brand marketing materials across its portfolio of gyms. With this agreement, Matterport will offer Crunch clubs access to nationwide photography, digital twins, and aerial drone photography services to produce rich media content that encourages prospective gym-goers to start their fitness journey with Crunch. In seeking to achieve brand uniformity and streamline photography work, Crunch decided to partner with Matterport due to the company’s network of expert photographers, global capture technicians for its unique digital twin technology, and its overall scale. Beyond virtual tours, Matterport’s digital twins are capable of providing affordable all-in-one property marketing packages that span HDR photos, 4K video, and floor plans – all of which can be generated from a single digital twin. “We are always seeking ways to further enhance and evolve the franchise experience,” said Kate Weis, Vice President of Franchise Marketing, Crunch Fitness. “Being able to partner with Matterport, the leading company in the digital photography space, and offer our franchise network such high-level visual assets will continue to move the needle for our franchisees.” “We are thrilled to help Crunch create a more consistent experience across promotional materials that encourages members from every community to participate in fitness,” said Jay Remley, Chief Revenue Officer, Matterport. “With our expert photography services and the immersive power of Matterport’s digital twins, Crunch Fitness is primed to extend its excellence as a leader in the fitness world across all of its marketing assets.” Matterport helps customers achieve better access as well as understand and utilize properties through its next-generation 3D digital twin solutions for Property Marketing, Facilities Management, and Design and Construction Management. Learn more about the company’s solutions at: www.matterport.com About Crunch Fitness Crunch is a gym that believes in making serious exercise fun by fusing fitness and entertainment and pioneering a philosophy of 'No Judgments.' Crunch serves a fitness community for all kinds of people with all types of goals, exercising all different ways, working it out at the same place together. Today, we are renowned for creating one-of-a-kind group fitness classes and unique programming for our wildly diverse members. Headquartered in New York City, Crunch serves 2.5 million members with over 450 gyms worldwide in 41 states, the District of Columbia, Australia, Canada, Costa Rica, Portugal, Puerto Rico, and Spain. Crunch is rapidly expanding across the U.S. and around the globe. About Matterport Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking digital twin platform turns buildings into data to make every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at: www.matterport.com ©2024 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners. --- Source: Matterport via Globe Newswire

www.ZUANT.com | www.ZUANT3D.com  -- How do you add live video and text chat within a Matterport digital twin? – What kind of real-time insights are possible from a Matterport virtual tour? Stay tuned! On WGAN-TV Live at 5 (5 pm ET on Thursday, 4 April 2024, our topic is: ✓ WGAN-TV | How to Use Matterport + ZUANT3D for Live Video and Chat Function and Live Receptionist My guests are: 1. ZUANT Chief Executive Officer Peter Gillet (@petergillett) (www.ZUANT3D.com | www.ZUANT.com) 2. ZUANT Marketing Specialist Sam Wolford (@samwoolford) (www.ZUANT3D.com | www.ZUANT.com) Topics Include 1. What is ZUANT3D Radar? 2. What are ZUANT3D Live Video or Text Chat Sessions? 3. What is a dual-hosted ZUANT3D Live Video Session? 4. What is ZUANT3D Engagement Tracking (Dashboard)? 5. How Zuant3D integrates with various CRM platforms? 6. How does someone request a Live Video or Text Session within a Materport tour powered by ZUANT3D? 7. Where are the chat conversations stored to follow up on? [Cloud]? 8. How would other clients and industries benefit from having a ZUANT3D Live Receptionist in their tours? 9. Can you explain the ZUANT3D Call Centre Network (20)? 10. How does a ZUANT3D Live Video or Text Chat Session add value to a Matterport Scan? --- Free ZUANT3D Offer ✓ Up to 5 Experiences (Matterport tours powered by ZUANT3D) ✓ Visitor Activity Tracking ✓ Lead Generation ✓ Email Notification --- Here is an example of Sales Lead Generation Form in a Matterport Tour powered by ZUANT3D.com ... => Example of Lead Generation Form in a Matterport Tour powered by ZUANT3D.com --- Zuant Contact Info Websites: www.ZUANT.com and www.ZUANT3D.com Landing Page: www.ZUANT3D.com Book a Demo: Contact Us Email: sales@zuant.com | info@zuant.com Phone: 866-616-4958 WGAN Forum: @petergillett @samwoolford

Matterport Surpasses One Million Subscribers, Extending Its Industry Leadership in Digital Twin Technology with Compelling SaaS Growth With 75x subscriber growth in just 5 years, the milestone reflects the company’s 3D capture ubiquity and SaaS-driven digital twin platform strategy SUNNYVALE, California, Tuesday, April 2, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), a pioneering leader in the digital twin and 3D capture space, proudly announces a monumental achievement in its company history, reaching one million subscribers to its digital twin cloud platform. This significant milestone underscores Matterport's unwavering commitment to innovation and its strategic Capture Ubiquity initiative, which has propelled the company into a new era of growth and success. In 2019, Matterport embarked on a bold journey to democratize 3D capture technology for everyone. By introducing affordable subscription tiers, supporting low-cost capture devices and smartphones, and launching the advanced Pro3 camera, Matterport has made 3D capture accessible to a broad audience. This approach has not only disrupted the industry but has also resulted in an impressive 75x subscriber growth in just five years, growing from 13,000 subscribers in late 2018 to over one million today. A Testament to Matterport’s SaaS Strategy This achievement is a testament to Matterport's market leadership in the 3D capture and digital twin industry. By significantly expanding its user base, Matterport has accelerated its subscription revenue growth and set the stage to achieve cash flow break-even from operations this year, enhancing the company's financial resilience and growth potential. The company’s SaaS-first approach has driven subscription revenue to 60% of total revenue, from less than 50% from just one year ago. The increase in subscribers correlates with heightened user engagement and adoption rates, further driving the company's revenue through subscription renewals, upsells, and the introduction of new services, such as Matterport’s Property Intelligence, that are tailored to the needs of a growing and diverse customer base. Fostering Innovation and Community Engagement Matterport's success is deeply rooted in its commitment to innovation and community engagement. The Capture Ubiquity strategy not only expanded the technology's accessibility but also fostered a thriving community of users who are integral to the ecosystem's growth. This user-centric approach has led to increased engagement, with users frequently utilizing the platform for various applications, from Property Marketing to Facilities Management, Design and Construction and beyond, further solidifying Matterport's position as a critical tool for numerous uses and industries. Continued Growth and Expansion Driven by AI-Powered Offerings Looking forward, Matterport believes that it is poised for continued growth and expansion as a result of deepened investments in the next-generation of its digital twins. In February, the company launched a collection of AI-powered features as part of its inaugural Winter 2024 Release: Automating the Future, transforming how people and businesses can extract data from properties. The datafication of built environments is laying the foundation for the next decade of advancements in property insights, enabling property stakeholders of all kinds – from buyers, sellers, and agents, to designers, builders and property managers – to maximize the value of any space. The acceleration of this work has also paved the way for the company’s upcoming generative AI solutions leveraging the organization’s experience in machine learning and data science to automatically reimagine and redesign a space within the digital twin. Initial features are expected to be available in beta with select customers later this year. A Celebration of Achievement and a Look to the Future Matterport celebrates this milestone with a company-wide toast to all of its employees, a nod to the company's culture of recognizing achievements and fostering a sense of community among its employees and users. This celebration is not only a reflection of the company's past successes but also a beacon of optimism for the future. “We created the category for automated, photorealistic, and dimensionally accurate 3D digital twins in 2011, and we are the industry leader today with over one million subscribers and climbing. This extraordinary milestone is a testament to the courage, innovation, and tireless dedication of our incredible team that is charting our future from all over the world,” said RJ Pittman, Chairman and CEO of Matterport. "Matterport isn't just leading, it's revolutionizing the way we interact with the built world, harnessing our versatile digital twin technology to unlock unprecedented possibilities across industries. With each digital twin we create, we're not only mapping the present but also paving the way for a future where digital transformation defines the very fabric of our physical world." For more information about Matterport and how you can be part of the next million subscribers, visit: www.Matterport.com About Matterport Matterport, Inc. (Nasdaq: MTTR) is the World’s #1 Digital Twin Platform* leading the digital transformation of the built world. Our groundbreaking platform turns buildings into data to make every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at: www.Matterport.com ©2024 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners. *Largest digital twin cloud hosted platform for the built world sq.ft. scanned. Data on file. --- Source: Matterport via Globe Newswire

SUNNYVALE, California, Tuesday, March 26, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), announced that Kikkoman Corporation, the world’s leading soy sauce producer, has used Matterport's Digital Twin Platform to create a digital twin of the company’s historic Goyogura soy sauce brewery. Originally established in 1939 as a dedicated facility supplying soy sauce to the Imperial Household Agency of Japan, the Goyogura brewery produces some of Kikkoman’s premium series of soy sauces, including the ‘Goyogura Shoyu’ and the D2C exclusive brand, 'Kikkoman Honten'. Although the brewery was moved to the current location in 2011 due to its age, it is still constructed with original elements of the historic facility like wooden barrels, stone walls, and gates, continuing to preserve its traditional brewing methods to supply the Imperial Household Agency with its world-renowned soy sauces. Using Matterport’s Property Marketing solution, Kikkoman aims to offer factory tours to consumers so that it can be shared with the world. Enriched with notes, guides and videos, the digital twin serves as an educational resource for understanding and preserving the traditions and culture of soy sauce production. The company is also considering Matterport’s Facilities Management solution for maintenance, repairs and measuring the space to reduce equipment management costs and time on site. By minimizing the need for personnel to physically enter and inspect the facility, the company would be able to save time and effort for hygiene management. The Goyogura brewery was captured quickly with Matterport’s Capture Services and the Pro3, minimizing disruption to the facility's operations and ensuring low-impact on the historic equipment. Equipped with lidar and RGB sensors, Matterport’s Pro3 produces both photo-realistic 3D tours and photos as well as detailed point cloud data that can be used for BIM (.ifc, .rvt) and CAD (.dwg) files. “As part of the branding of the ‘Goyogura Shoyu’ and the ‘Kikkoman Honten’ series, we believed that allowing customers to see the traditional brewing methods of the production site would create interest in the craftsmanship of our brewing process,” said Kaname Tsuji, Manager of the EC Strategy Group, Products Management Division. “Having seen the accuracy and smoothness of the technology, we considered Matterport capable of conveying the reality of the Goyogura brewery, providing access to areas of the facility which visitors cannot step in. We hope that through this special access, including views of the interior of our cedar brewing barrels, which are usually seen through glass, we will delight our customers as part of our exhibitions and communication on the D2C exclusive 'Kikkoman Honten'.” “We are honored that Kikkoman, a symbol of Japanese food culture, is using our services,” said Howard Xiao, President and Operating Officer of Matterport Japan K.K. “We hope that by utilizing Matterport, the charm and craftsmanship of traditional soy sauce production will be passed on to generations to come, not only in Japan but also overseas. We also look forward to supporting Kikkoman’s consideration of uses in the future, such as our Facilities Management solutions, using the power of our digital twin platform as part of this journey.” The 'Goyogura Shoyu Brewery' is part of Matterport Japan’s 'Connecting Culture and the Future with Digital Twins' project, which aims to digitize and widely share Japan's cultural properties and historical buildings such as Aso Shrine, Tenzan Sake Brewery and others. To learn more about Matterport’s solutions for property marketing, facilities management, or design and construction management, visit: www.Matterport.com About Matterport Matterport, Inc. (Nasdaq: MTTR) is the World’s #1 Digital Twin Platform* leading the digital transformation of the built world. Our groundbreaking platform turns buildings into data to make every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at: www.Matterport.com ©2024 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners. *Largest digital twin cloud hosted platform for the built world sq.ft. scanned. Data on file. Source: Matterport via Globe Newswire

https://WGAN.info/VSI --- -- Is there an easier, faster and more affordable virtual staging solution? -- When you shoot empty homes would you like to wow your real estate agent clients? -- Would you like to see a demo of virtual staging in less than 10 seconds? Stay tuned ... On WGAN-TV Live at 5 (5 pm ET) on Thursday, March 21, 2024, my guest will be Virtual Staging AI Co-Founder and CEO Michael Bonacina. Our show topic: ✓ WGAN-TV | Intro to Virtual Staging of Real Estate Photos powered by Virtual Staging AI (VSI) Michael will show us how to: ✓ virtually stage - in 10 seconds - using AI powered by Virtual Staging AI ✓ virtually declutter a space - in 10 seconds - using AI powered by Virtual Staging AI ✓ use different virtual staging furniture options Among the questions that I will ask Michael about the "world's first virtual staging algorithm powered by artificial intelligence" are: ✓ Why should a photographer offer virtual staging? ✓ Why a photographer that is presently outsourcing virtual staging should try Virtual Staging AI? ✓ What are the benefits of virtual staging from a real estate agent's perspective? ✓ What are suggested pricing strategies for real estate photographers to charge real estate agents? ✓ Why should virtual staging be included in a real estate photographer's bundles? ✓ Should virtual staging - and virtual decluttering - be offered as an Add On (or no charge)? ✓ How does virtual staging differentiate a real estate photographer? ✓ What does "Decluttering Included" mean? ✓ What does "Unlimited Revisions" mean? ✓ How did Virtual Staging AI get started? ✓ How many clients does Virtual Staging AI have? ✓ How to get the best virtual staging results with Virtual Staging AI? ✓ Talk about: "World's first virtual staging algorithm powered by artificial intelligence." ✓ Talk about: "Developed at Harvard Innovation Labs." Special Offer for We Get Around Network Standard Members ✓ Receive the free use of Virtual Staging AI (VSI) Standard Plan for 12 months ✓ WGAN Standard Member? Receive VSI Benefit (To receive the password, please Private Message @DanSmigrod) ✓ Virtual Staging AI Standard Plan includes: -- 25 photos per month -- Unlimited renders -- All room types and styles -- Decluttering included -- No watermark -- 10 seconds turnaround -- Image storage forever According to the Virtual Staging AI Website ✓ Increased Buyer Interest - Virtual staging has a positive impact on 83% of buyers. ✓ Get Higher Offers - Homes with virtual staging sell on average for 25% more. ✓ Sell Faster - Staging homes sell 73% faster than their non-staged counterparts. ✓ Stand Out From the Competition - Convince more homeowners by using the latest technology

Matterport 3D Digital Twins Power Asia’s Largest Virtual Art Exhibition Platform, ARTOGO SUNNYVALE, California, Tuesday, March 19, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), announced that ARTOGO, the largest virtual exhibition platform in Asia, is utilizing Matterport as its 3D technology of choice to revolutionize the arts sector. Founded in April 2021, ARTOGO’s online art platform offers immersive digital experiences powered by Matterport, allowing users to explore international art exhibitions from anywhere at any time. Collaborating with major art museums, galleries, museums, and historical sites throughout Asia, the company offers a comprehensive approach to digital art exhibits which covers content licensing, editorial planning, shooting, modeling, production, distribution, and ticket sales. After exploring various digital solutions, ARTOGO chose Matterport’s Digital Twin Platform to bring art to life in immersive 3D, hosting more than 450 virtual exhibits that have drawn in more than four million views. In addition to Matterport’s digital twin technology which powers ARTOGO’s virtual exhibits, ARTOGO utilizes Matterport’s developer tools to create unique, online experiences that are tailored to the needs of the arts and culture sector. “When we first began exploring the digital experience of online exhibitions in 2019, we looked at many different ways to digitalise exhibitions and create a platform where the public could browse at will,” said Howard Yang, Cofounder and CEO at ARTOGO. “After assessing different solutions, it was clear that Matterport’s 3D technology was the right choice. Through our use of the Matterport digital twins, we have elevated the digital visitor experience to such heights that it now attracts paying customers.” The online pay-to-visit model is a huge boon for the arts and cultural sector, creating a new stream of revenue with significant potential to attract visitors from around the world. In 2024, ARTOGO plans to launch more than 20 paid experiences for exhibitions around the world, anticipating these experiences will reach a new milestone of 100,000 ticket sales. "Historically, art has been exclusive to a very select few. ARTOGO is proving that with our immersive 3D technology, art can be shared, preserved, and appreciated in a format that is much more accessible to all walks of life,” said Jay Remley, Chief Revenue Officer, Matterport. “ARTOGO is driving innovation in the arts across Asia and defining the premium digital exhibition experience that people are finally willing to pay for. We look forward to supporting their growth to make it easier for people to engage with art, design and culture, globally.” Matterport has partnered with leading institutions to digitize the world’s most exclusive and unique art and design collections to make them accessible to the world. This has included the digitization of Design Miami/ Basel, Design Miami/ and the Miami Design District, as well as the first-of-its-kind digital presentation of the private collection of Robin Eley x David Korins for its gallery opening. Matterport helps customers better access, understand and utilize properties through its next-generation 3D digital twin solutions for Property Marketing, Facilities Management and Design and Construction Management. Read the full case study with ARTOGO and learn more about the company’s solutions at: www.matterport.com About Matterport Matterport, Inc. (Nasdaq: MTTR) is the World’s #1 Digital Twin Platform [data on file.] leading the digital transformation of the built world. Our groundbreaking platform turns buildings into data to make every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at: www.matterport.com ©2024 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners. *Largest digital twin cloud hosted platform for the built world sq.ft. scanned. Source: Matterport via Globe Newswire

Matterport Partners with Resi, the UK's Top Home Extension Company, to Revolutionize Home Extension Surveys with Matterport's Pro3 and Digital Twin Technology Resi adopts Matterport technology, slashing survey times by 25% and reducing capture hardware costs by 85% SUNNYVALE, California, Tuesday, March 12, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) announced today that Resi, the UK’s leading home extension company, has made Matterport’s Pro3 and Digital Twin Platform its technology of choice for surveying homes. Founded in 2016 with the vision of opening up fast, affordable, high-quality architectural services for every UK home, Resi is the UK’s leading home extension company having completed more than 7,000 projects to date. In design and construction, inaccurate or incomplete documentation is responsible for an estimated 48% of rework, making accurate measurements vital to set a project up for success.1 To improve accuracy, productivity and quality, Resi explored several laser scanning providers, determining Matterport’s Pro3 was its preferred surveying solution due to its scalability and price. “When we started exploring Matterport as a solution, we encountered a lot of skepticism as to whether the accuracy would stand up to traditional laser scanners. We did significant due diligence comparing measurements against our existing equipment, and we found it delivers the accuracy we need,” said Lisa Westmacott, Special Projects Lead, Resi. “We’re now in our customer's homes for less time (which is great for them!) and we spend less time in the processing phase, it’s a win-win. Our aim is to enable all homeowners to extend their homes easily, and Matterport helps us to do just that.” Compared to traditional laser scanners, Resi has reduced average survey time by 25% with Matterport, while reducing 85% of the hardware costs. In addition to reducing time on task surveying, the significantly faster processing time has enabled Resi team members to complete more jobs in less time, amounting to the equivalent of an extra day onsite per week as a result of these productivity gains. “The Pro3 Camera was designed from the ground up to provide our design and construction customers with a capture solution for faster, more reliable job completion, along with powerful new AI features to automate tedious precision measurement tasks,” said Jay Remley, Chief Revenue Officer, Matterport. “Resi has quickly become one of the largest names in home extensions and we’re proud to help them continue that success with the speed and accuracy of the Pro3 and the power of our intelligent Digital Twins.” Matterport’s digital twins deliver unmatched 3D visual clarity for design and construction professionals, helping streamline project management across every phase of the building lifecycle. Read the full case study with Resi, and visit: wwww.Matterport.com to learn more about the company’s digital twin solutions for Design and Construction Management. About Matterport Matterport, Inc. (Nasdaq: MTTR) is the World’s #1 Digital Twin Platform* leading the digital transformation of the built world. Our groundbreaking platform turns buildings into data to make every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at: www.matterport.com ©2024 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners. *Largest digital twin cloud hosted platform for the built world sq.ft. scanned. Data on file. Footnote 1. Digital Twins in the Construction Industry: A Perspective of Practitioners and Building Authority Source: Matterport via Globe Newswire

Matterport and KnowHow Partner to Accelerate Worker Training and Onboarding for Digital Twin Solutions in the Restoration Sector SUNNYVALE, California, Wednesday, March 6, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), and KnowHow, a leading software platform to onboard, skill up, and equip workforces in the restoration industry, announced a partnership to deliver comprehensive ‘just-in-time’ online system training for Matterport’s Digital Twin Platform to all KnowHow customers. On average, turnover rate in construction and restoration is roughly 21%, with employees 24 or younger as high as 64%.1 As restoration crews face ongoing turnover, teams are increasingly turning to technologies like KnowHow to upskill employees that are new to the industry, or inexperienced for a specific job. Through this partnership, KnowHow will offer its vast network of restoration professionals comprehensive training for Matterport's entire solution, from operating the Pro series cameras to capturing and documenting spaces effectively, ensuring optimal use of Matterport's Digital Twin Platform in their projects. KnowHow is the leading software for onboarding and equipping workers in the restoration industry, supporting owners, franchisors, general managers, project managers, and field staff with digital, on the job training. With more than 150,000 step-by-step processes created by restoration staff, KnowHow provides its customers with intuitive training that ensures every worker has easy access to the knowledge they need to succeed in their role. “Matterport is consistently ranked by restoration leaders as one of the industry’s top tools for photo documentation of job sites in our State of the Industry survey,” said Leighton Healey, Chief Executive Officer of KnowHow. “KnowHow helps customers get full horsepower out of tools like Matterport, ensuring staff know when and how to use it, regardless of their level of experience or language preference. This partnership reinforces Matterport’s fierce commitment to empowering their customers with all the tools they need to be successful in their role, and KnowHow’s dedication to building a confident workforce.” Matterport’s digital twin technology transforms physical buildings and spaces into photorealistic 3D replicas. For the restoration industry, these easy to navigate 3D spaces deliver accurate, transparent, and fair documentation that save crews time, cuts costs, and helps them complete jobs much faster. As part of Matterport's Winter 2024 Release: Automating the Future, Matterport launched Property Intelligence, its proprietary collection of AI-powered features that provides customers with access to automated measurements, layouts, editing, and reporting capabilities generated from a Matterport digital twin of their property. This can assist restoration professionals with better cost estimates for maintenance, reduce time spent traveling to site for additional detail, as well as increase collaboration with customers to ensure better project clarity that ultimately drives the best results. "In an industry with consistent turnover, KnowHow is leading the charge in shrinking the skill gap for restoration professionals,” said Jay Remley, Chief Revenue Officer, Matterport. “KnowHow is an ideal partner to evangelize our solutions for the restoration industry, helping crews succeed quickly with confidence when using our digital twin solutions to help them complete jobs faster, more effectively.” Matteport’s best practices and procedures are available to every new and existing KnowHow customer, on their desktop or mobile devices via the KnowHow app. With KnowHow’s step-by-step walkthroughs, restoration teams can get up to speed on Matterport’s services faster than ever. --- Matterport media release continues in the We Get Around Network Forum: https://www.wegetaroundnetwork.com/topic/19599/page/1/matterport-and-knowhow-partner-to-accelerate-worker-training-and-onboarding/

Special Offer for We Get Around Network Forum Readers (and WGAN-TV Live at 5 Viewers) -- Free REALSEE Galois 3D LiDAR Camera Kit when you pre-pay $5,499 for 200 3D Virtual Tours Hosted for 6 Months -- Offer includes: Download All 16K Panoramas from 200 Tours -- Additional Hosting as Low as $7.50 per 3D Virtual Tour for 3 Months The REALSEE Galois 3D LiDAR Camera Kit Includes -- REALSEE Galois 3D LiDAR Camera -- Charging Kit (includes your country specific charging plug) -- Tripod -- Backpack -- Battery -- Quick Release Clamp Offer valid now until midnight (EST) Tuesday, April 19, 2024 for We Get Around Network Forum readers. Offer includes 1,200 credits that may be used for hosting 200 tours for 6 months or 400 tours for 3 months (Each credit is good for 1 month REALSEE hosting.) Unused credits valid for up to 24 months. For details, please see: home.REALSEE.ai/activity/WGAN --- -- are you seeking a LiDAR Camera that pairs with a non-subscription 3D virtual tour hosting Platform? -- do you want to receive 2D floor plans for free (using a DIY tool)? -- do you want to be able to download 16K high-resolution panoramas? On WGAN-TV Live at 5 (at 5 pm UK / noon ET) on Thursday, 29 February 2024, our topic is: WGAN-TV | Intro to REALSEE Galois LiDAR Camera/Scanner and REALSEE 3D Digital Twin Hosting Service Our subject matter expert is Nick Powell, Owner of Nick Powell Photography based in Worthing, England, United Kingdom. (Nearly two hours South of London.) In addition to real estate photography, Nick offers bespoke 360º virtual tours and Google Street View. Nick has been taking the REALSEE Galois LiDAR Camera/Scanner for a spin and creating helpful videos for real estate photographers/3D digital creators to understand the REALSEE LiDAR camera and platform. [please see videos above] I will ask Nick for his insights regarding: 1. REALSEE Galois 3D LiDAR Camera 2. REALSEE Platform REALSEE Features -- No Monthly Subscription (Top Up Anytime) -- Unlimited Free Floor Plans (via DIY Tool) -- Unlimited Free Interactive Floor Plans -- AI Camera Removal; Add 360 Video -- Download All 16K Panoramas from 200 Tours -- Free: Capture, Upload, Edit, Preview, Storage -- Ricoh Media Tags: Add Video to TV Sets -- Publish to Google Street View

Matterport Chairman and CEO RJ Pittman Named Inman 2024 Power Player Underscoring The Transformative Impact Of Digital Twins On Real Estate Recognizing outstanding accomplishments across the residential real estate industry, the 2024 Inman Power Players list highlights leaders, executives, founders and innovators that are playing a key role in shaping the industry’s future SUNNYVALE, California, Tuesday, February 27, 2024 (GLOBE NEWSWIRE) -- RJ Pittman, CEO and Chairman of Matterport, Inc. (Nasdaq: MTTR) was named to Inman’s Power Players class for the second consecutive year. Inman, one of real estate's leading sources of journalism, recognizes outstanding accomplishments each year across the residential real estate industry. In its second year, the Inman 2024 Power Players list highlights leaders, executives, founders and innovators that are playing a key role in shaping the industry’s future. Today, there are more than 4 billion buildings in the world, representing a value north of $327 trillion. Real estate is the largest asset class in the world, and yet in the era of digital transformation and artificial intelligence, the majority of the world’s building stock remains offline and underutilized. Matterport has spent more than a decade transforming buildings into data, with more than 35 billion square feet of space digitally captured and growing every day. As the company continues to roll out innovative solutions for Property Marketing, Design & Construction, and Facilities Management, Matterport is leveraging this building data to infuse each of its solutions with intelligent, automated features that simplify the process of designing, building, managing or marketing a property. As part of Matterport's Winter 2024 Release: Automating the Future, the company launched several breakthrough products and services representing the latest in innovation and AI for Matterport’s Digital Twin Platform. This included the launch of Property Intelligence, a collection of AI-powered features that unlocks information and data about a property that has never been so easily available thanks to the power of automation and AI at Matterport. “It’s an honor to be recognized again among so many of my peers– many of which are our customers – underscoring the transformative impact Matterport’s digital twins have had on real estate,” said RJ Pittman, Chairman and CEO, Matterport. “Matterport has been central to the digitization of this industry, and our role will only grow as our AI-powered solutions begin to take center stage to unlock the full value and potential of the built world.” See the full list of Inman’s 2024 Power Player honorees, here. To learn more about Matterport’s digital twin solutions, visit: www.matterport.com About Matterport Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking digital twin platform turns buildings into data to make every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at: www.matterport.com ©2024 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners. Footnote $327 trillion: Estimates from Savills World Research and Matterport --- Source: Matterport via Globe Newswire

WGAN-TV on Location at Geo Week 2024 | Pitch the Press Event Mosaic Co-Founder Jeffrey Martin at Geo Week 2024 Shows Mobile Mapping Camera Transcript - How's it going? My name's Jeffrey Martin. I'm the Co-Founder and CEO of Mosaic. We are a mobile-mapping camera company. Our general thesis is that as computing improves and various algorithms improve, it becomes less and less important to use high-end LiDAR, which is extremely expensive, cumbersome, and hard to use. Companies such as Trimble, Hexagon, and others are stuck in an innovator's dilemma. And we are coming after you because we don't need these extremely expensive lasers anymore. You can achieve even better results in a fraction of the time of data collection using photogrammetry. And in many cases, you can get even more detailed 3D model using photogrammetry. So while we do use LiDAR as well, we take a camera-first point of view. So both with the devices that go on the cars as well as the device on my back, we have extremely high-resolution cameras with very high image quality with a very high level of synchronization and a very good calibration of the optical properties of the cameras that allow users to derive measurements and create 3D models, point clouds, and textured meshes with ease.

In this episode of WGAN-TV, recorded on location at Geo Week 2024 in Denver, WGAN-TV Managing Editor and Host Dan Smigrod talks with Cupix Vice President of Product Marketing Chuck Pfeffer. Chuck talks about the Cupix 3D technology platforms, CupixWorks and CupixVista, exploring their applications in construction management, project monitoring, and beyond. Key Points Discussed CupixWorks: A cloud-based collaborative platform designed primarily for construction management. It enables users to capture, visualize, and track progress in 3D using off-the-shelf 360-degree cameras. This platform supports frequent data capture, integrates various data types (including laser scans and drone data), and facilitates clash detection and issue management through BIM coordination. CupixVista: A forthcoming pay-per-scan solution that simplifies the process of converting 360-degree camera footage into 3D point clouds and textured meshes. This tool is geared towards DIY scanning for a variety of applications, from surveying to facility management, offering a cost-effective alternative to traditional laser scanning methods. Technology and Cameras: Discussion on the use of advanced photogrammetry, SLAM algorithms, and AI to create detailed point clouds and textured meshes from 360 video. Cupix primarily utilizes cameras like the Ricoh THETA X and Insta360 models, emphasizing their affordability and accessibility for users. Market Applications: Insights into the "sweet spots" for Cupix's technology, including construction project management, facility renovations, and documentation for insurance purposes. The versatility of Cupix's platforms opens up opportunities for real estate photographers, service providers, and AEC professionals to enhance their workflows and decision-making processes. Future Directions: Chuck shares his vision for the future of data collection and analysis, emphasizing the ease and accuracy of Cupix's solutions. The conversation also touches on the potential expansion into crime scene documentation and insurance claim support, showcasing the wide-ranging applications of 3D technology. Conclusion Chuck Pfeffer's insights offer a glimpse into the innovative world of 3D technology and its transformative impact on construction management, documentation, and a host of other industries. With Cupix's user-friendly platforms, professionals across various fields can harness the power of 3D data to streamline their operations, enhance accuracy, and drive decision-making. Thank You to Our Guest A special thank you to Chuck Pfeffer for joining us at Geo Week 2024 and sharing the exciting developments at Cupix. Stay tuned for more insights and innovations from the forefront of 3D technology. For more episodes and exclusive content, visit the We Get Around Network Forum and watch the WGAN-TV Podcast. --- (WGAN-TV Show notes written by ChatGPT-4. Lightly edited by Dan Smigrod)