Mission Statement, Vision, & Core Values of Matterport, Inc. (MTTR)

Ever wondered what drives a company that's revolutionizing how we interact with the spaces around us? With 50.7 billion square feet digitized in 2024, a 33% year-over-year increase, Matterport Inc. is transforming the built world. But what exactly is their guiding star?

What principles steer their innovative approach, and what future do they envision? Let's explore the mission, vision, and core values that shape this spatial data leader, especially as they achieved a record $99.6 million in subscription revenue in 2024, marking a 14% increase from the previous year. How do these elements align to propel Matterport forward?

Matterport, Inc. (MTTR) An Overview of

Matterport, Inc. (MTTR), established in 2011, has become a significant player in spatial data, focusing on digitizing and indexing the physical world. The company's technology allows users to create accurate, dimensionally precise 3D digital twins of spaces. These digital twins are used across various industries, including real estate, construction, retail, and facilities management. Matterport's offerings include:

• 3D Capture: Using proprietary cameras and software to create digital twins.
• Cloud Platform: A subscription-based service for hosting, managing, and analyzing digital twins.
• Solutions: Tailored applications for different industries, such as virtual tours for real estate and progress tracking for construction.

As of April 2025, Matterport continues to expand its reach, providing tools that enhance how people interact with and manage physical spaces remotely. The company's innovative approach has led to its recognition as a leader in the digital transformation of the built world.

In its latest financial reports, Matterport has demonstrated substantial growth, driven primarily by its subscription services. The company reported record-breaking revenue, with a significant portion attributed to subscription revenue. This growth is fueled by increasing adoption of its platform across various sectors and geographies. Key highlights include:

• Revenue Growth: Significant year-over-year increase in total revenue, driven by subscription growth.
• Subscription Revenue: A substantial portion of total revenue, indicating the success of Matterport's subscription-based business model.
• Market Expansion: Growth in international markets, reflecting the global demand for digital twin technology.

Matterport's financial performance reflects its ability to capitalize on the growing need for digital solutions in managing and visualizing physical spaces. These financial results underscore the company's strong market position and growth potential.

Matterport stands out as a leader in the spatial data and digital twin industry. Its innovative technology and comprehensive platform have made it a go-to solution for businesses looking to enhance their operations through digital transformation. The company's success is rooted in its ability to provide accurate, scalable, and versatile digital twins that cater to a wide range of applications. To delve deeper into Matterport's financial health and gain key insights for investors, explore: Breaking Down Matterport, Inc. (MTTR) Financial Health: Key Insights for Investors.

Matterport, Inc. (MTTR) Mission Statement

Matterport's mission is to digitize the built world. This entails creating a comprehensive and accessible digital representation of physical spaces, enabling a wide array of applications across various industries.

The core components of Matterport's mission statement can be broken down into three key elements:

• Digitization: Transforming physical spaces into digital formats.
• Built World: Focusing on structures and environments created by humans.
• Accessibility: Making these digital representations widely available and usable.

Digitization is the foundational aspect of Matterport's mission. It involves capturing the physical dimensions, textures, and details of a space using specialized scanning technology. This process results in a digital twin, a virtual replica that mirrors the real-world environment. The company's technology creates accurate and immersive 3D models, which can be used for various purposes, such as virtual tours, property marketing, and construction management.

The emphasis on the built world indicates that Matterport is primarily concerned with spaces that have been constructed or modified by humans. This includes residential properties, commercial buildings, industrial facilities, and infrastructure projects. By focusing on the built environment, Matterport tailors its solutions to meet the specific needs of industries such as real estate, architecture, engineering, and construction.

Accessibility is the final critical component of Matterport's mission. The company aims to make its digital twins easily accessible and usable for a broad audience. This involves providing user-friendly tools and platforms that allow individuals and organizations to view, interact with, and derive value from the digital representations of physical spaces. Matterport's commitment to accessibility ensures that its technology can be widely adopted and integrated into various workflows.

Matterport's focus on innovation is substantiated by its financial commitment to research and development. In 2024, Matterport's research and development expenses totaled $73.5 million, representing 49% of total revenue. This investment underscores the company's dedication to advancing its technology and expanding its capabilities in spatial data capture and analysis. Exploring Matterport, Inc. (MTTR) Investor Profile: Who’s Buying and Why?

Matterport, Inc. (MTTR) Vision Statement of

Matterport's mission is to digitize every space, aiming to transform how people understand and utilize buildings. This involves creating a comprehensive digital twin platform that enhances efficiency, collaboration, and decision-making across various industries. The company's focus extends from residential to commercial properties, construction sites, and beyond, with the goal of making every space more accessible and valuable through technology.

Matterport's vision is supported by a set of core values that emphasize innovation, customer success, and a commitment to excellence. These values guide the company's operations and strategic decisions, ensuring alignment with its overarching mission. Matterport fosters a culture of continuous improvement and collaboration, both internally and with its partners, to drive advancements in spatial technology and deliver exceptional value to its customers.

For insights into Matterport's financial standing, see: Breaking Down Matterport, Inc. (MTTR) Financial Health: Key Insights for Investors

Digitizing Every Space

Matterport aims to digitize every space, creating a comprehensive digital twin platform that transforms how people interact with and utilize buildings. This involves capturing and creating accurate 3D models of physical spaces, making them accessible and useful for a variety of applications. The company's technology enables users to virtually walk through spaces, measure dimensions, and visualize renovations, all from a remote location.

This aspect of Matterport's vision is particularly relevant to industries such as real estate, construction, and facilities management. In real estate, digital twins can enhance property listings, allowing potential buyers to explore properties remotely. In construction, they facilitate project monitoring and collaboration among stakeholders. For facilities management, digital twins provide a detailed record of building infrastructure, aiding in maintenance and operational efficiency.

Matterport's efforts in digitizing spaces are reflected in its growing customer base and expanding library of digital twins. As of the fiscal year 2024, the company reported a significant increase in the number of spaces under management, demonstrating the increasing demand for its technology. The company's platform supports various industries, with a focus on scalability and ease of use.

Enhancing Efficiency and Collaboration

Matterport's platform aims to enhance efficiency and collaboration across various industries by providing tools that streamline workflows and improve communication. By creating digital twins of physical spaces, the company enables stakeholders to collaborate remotely, reducing the need for on-site visits and improving decision-making. This is particularly valuable in industries where collaboration is essential, such as construction and real estate.

Matterport's collaboration tools include features such as annotations, measurements, and virtual tours, which allow users to share information and insights in real-time. These tools are designed to improve communication among team members, reduce errors, and accelerate project timelines. For example, in construction, architects, engineers, and contractors can use Matterport's platform to review plans, identify potential issues, and track progress, all from a remote location.

The company's focus on efficiency and collaboration is evident in its partnerships with other technology providers. Matterport integrates with various software platforms, such as Autodesk and Procore, to provide seamless workflows for its customers. These integrations enable users to access Matterport's digital twins directly from their existing tools, further enhancing efficiency and collaboration.

Transforming Industries

Matterport's vision extends beyond digitizing spaces and enhancing collaboration; it aims to transform entire industries by providing a new way of interacting with the built world. The company's technology has the potential to disrupt traditional workflows and create new opportunities for innovation. By making spaces more accessible and valuable through technology, Matterport is driving a shift towards a more digital and data-driven approach to managing and utilizing buildings.

One example of this transformation is the use of digital twins in the insurance industry. Insurance companies can use Matterport's platform to assess property damage remotely, reducing the need for on-site inspections and accelerating the claims process. This not only improves efficiency but also enhances the customer experience by providing faster and more accurate assessments.

Matterport's impact on industries is also reflected in its growing ecosystem of developers and partners. The company provides APIs and SDKs that allow developers to build custom applications on top of its platform, further expanding its capabilities and reach. This open approach fosters innovation and ensures that Matterport's technology can be adapted to meet the specific needs of different industries.

Matterport, Inc. (MTTR) Core Values of

As of April 2025, Matterport, Inc. (MTTR) operates with a clearly defined mission, vision, and set of core values that guide its strategic decisions and company culture. These elements reflect the company's commitment to innovation, customer success, and creating value for its stakeholders. Matterport's mission is to digitize and index the built world, and transform the way people interact with places. This mission drives the company's focus on developing cutting-edge spatial data technology and expanding its platform to serve a wide range of industries. The company's vision is to create a world where every space is understood and accessible, enhancing how people experience and interact with their environments. This vision reflects Matterport's ambition to revolutionize the built world through its innovative technology.

Matterport's core values are integral to its identity, influencing its operations and interactions with customers, partners, and employees. While specific core values are not explicitly detailed in the provided search results, we can infer key values based on Matterport's actions and strategic priorities. These include innovation, customer focus, integrity, and collaboration. Here’s an overview of what those values mean for Matterport:

Innovation:

Innovation is at the heart of Matterport's operations. The company continuously invests in research and development to enhance its spatial data platform and introduce new features. Matterport's commitment to innovation is evident in its development of advanced AI-powered tools and its expansion into new markets and applications. For instance, the introduction of Matterport Axis, a smartphone-compatible solution for capturing 3D spaces, demonstrates the company's focus on making its technology more accessible and user-friendly. Furthermore, Matterport's ongoing development of digital twin technology showcases its dedication to pushing the boundaries of what's possible in spatial data capture and analysis.

Customer Focus:

Matterport places a high priority on customer satisfaction, aiming to provide solutions that meet the evolving needs of its diverse user base. The company actively seeks customer feedback and uses it to improve its products and services. Matterport's customer-centric approach is reflected in its comprehensive support resources, including detailed documentation, tutorials, and responsive customer service. The company's focus on delivering value to its customers is also evident in its flexible pricing plans and its commitment to providing scalable solutions that can grow with its customers' needs. Matterport reported a revenue of $167.7 million for the fiscal year 2024, demonstrating its focus on expanding its customer base and increasing adoption of its platform .

Integrity:

Matterport is committed to conducting business with the highest ethical standards, ensuring transparency and accountability in all its operations. The company values trust and strives to build long-term relationships with its stakeholders based on honesty and mutual respect. Matterport's dedication to integrity is reflected in its commitment to data privacy and security, as well as its adherence to all applicable laws and regulations. The company's focus on ethical business practices helps to foster a culture of trust and integrity among its employees, customers, and partners.

Collaboration:

Matterport recognizes the importance of teamwork and collaboration in achieving its goals. The company fosters a collaborative work environment where employees are encouraged to share ideas, support each other, and work together to solve complex problems. Matterport also actively collaborates with external partners, including technology providers, industry experts, and research institutions, to drive innovation and expand its reach. The company's collaborative approach is evident in its partnerships with leading companies in the real estate, construction, and retail industries, as well as its participation in industry events and conferences. These collaborations enable Matterport to leverage the expertise and resources of others to accelerate its growth and deliver even greater value to its customers.

Matterport's commitment to these core values is evident in its strategic initiatives, operational practices, and overall company culture. By prioritizing innovation, customer focus, integrity, and collaboration, Matterport aims to create a sustainable and successful business that benefits all its stakeholders. To gain more insights into Matterport, Inc. (MTTR) investor profile, you can explore this resource: Exploring Matterport, Inc. (MTTR) Investor Profile: Who’s Buying and Why?