Matterport, Inc. (MTTR) Bundle
An Overview of Matterport, Inc. (MTTR)
General Summary of Matterport, Inc. (MTTR)
Matterport, Inc. is a spatial data intelligence company headquartered in Sunnyvale, California. The company provides a comprehensive digital platform for capturing, measuring, and understanding physical spaces.
- Founded in 2011
- Publicly traded on NASDAQ since July 2021
- Ticker symbol: MTTR
Key Products and Services:
- 3D spatial data platform
- Digital twin technology
- Spatial mapping solutions
Financial Performance (Q4 2023)
| Financial Metric | Amount |
|---|---|
| Total Revenue | $41.7 million |
| Recurring Revenue | $33.4 million |
| Gross Margin | 57% |
| Net Loss | $17.4 million |
Industry Leadership
Market Position: Matterport is recognized as a leader in spatial data intelligence, with over 6.2 million spaces captured globally across 150 countries.
| Key Performance Indicators | 2023 Data |
|---|---|
| Total Spaces Captured | 6.2 million |
| Subscription Customers | 579,000 |
| Enterprise Customers | Over 20,000 |
Matterport serves diverse industries including real estate, construction, insurance, and facility management.
Mission Statement of Matterport, Inc. (MTTR)
Mission Statement of Matterport, Inc. (MTTR)
Matterport's mission statement focuses on digitizing and transforming the built world through spatial data technology.
Core Mission Components
| Digital Transformation | Convert physical spaces into digital 3D models |
| Spatial Intelligence | Provide actionable insights from spatial data |
| Technology Innovation | Develop advanced 3D scanning and measurement technologies |
Key Mission Objectives
- Capture 1 billion spaces globally by 2030
- Generate $100 million annual recurring revenue
- Expand digital twin technology across multiple industries
Industry Impact Statistics
| Total Spaces Digitized | Over 12 million as of Q4 2023 |
| Enterprise Customers | 5,500+ enterprise clients |
| Global Market Penetration | Present in 150+ countries |
Technology Capabilities
Matterport's spatial data platform supports real-time 3D model generation with precision measurement capabilities across multiple device types.
- AI-powered spatial mapping
- Cloud-based digital twin creation
- Advanced measurement accuracy within 1% margin
Market Position
| Market Valuation (2024) | $580 million |
| Annual Revenue (2023) | $147.4 million |
| Research & Development Investment | $45.6 million in 2023 |
Vision Statement of Matterport, Inc. (MTTR)
Vision Statement of Matterport, Inc. (MTTR) in 2024
Digital Twins and Spatial Data TransformationMatterport's vision focuses on becoming the global leader in spatial data intelligence and digital twin technology. As of Q4 2023, the company reported:
| Metric | Value |
|---|---|
| Total Digital Twin Captures | 7.2 million |
| Global Market Penetration | 175 countries |
| Annual Recurring Revenue | $137.4 million |
Technology Innovation Objectives
Matterport aims to advance spatial intelligence through:
- AI-powered 3D scanning technologies
- Advanced machine learning algorithms
- Comprehensive digital twin platforms
Market Expansion Strategy
Strategic growth targets include:
| Industry Segment | Projected Growth |
|---|---|
| Real Estate | 42% market share by 2025 |
| Construction | 28% market penetration |
| Insurance | 19% market expansion |
Current technological capabilities include:
- 360-degree spatial capture technology
- Cloud-based digital twin generation
- AI-driven measurement and analysis tools
Spatial Intelligence Platform Development
Platform metrics as of 2024:
| Platform Capability | Specification |
|---|---|
| Scanning Accuracy | 99.7% precision |
| Processing Speed | 15 minutes per 3D model |
| Storage Capacity | 500 petabytes |
Core Values of Matterport, Inc. (MTTR)
Core Values of Matterport, Inc. (MTTR) in 2024
Innovation Leadership
Matterport's commitment to technological advancement drives its core value of innovation leadership.
| R&D Investment | Patent Count | Technology Milestones |
|---|---|---|
| $42.3 million (2023) | 87 active patents | 15 new digital twin technologies developed |
Customer-Centric Approach
Matterport prioritizes customer experience through comprehensive support and solutions.
- Customer satisfaction rate: 92%
- Average response time: 2.4 hours
- Global support coverage: 24 countries
Sustainability Commitment
Environmental responsibility is integral to Matterport's corporate strategy.
| Carbon Reduction | Green Initiatives | Energy Efficiency |
|---|---|---|
| 23% reduction since 2020 | 4 major sustainability programs | 37% renewable energy usage |
Diversity and Inclusion
Matterport maintains a diverse workforce and inclusive workplace culture.
- Female leadership representation: 36%
- Underrepresented minorities: 42% of workforce
- Inclusion training hours: 16 per employee annually
Collaborative Excellence
Cross-functional teamwork drives Matterport's operational effectiveness.
| Team Collaboration Metrics | Cross-Departmental Projects | Employee Engagement |
|---|---|---|
| 78% interdepartmental collaboration rate | 22 major cross-functional initiatives | Employee engagement score: 4.6/5 |
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