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Matterport Launches Property Intelligence

Home Industry News
By RISMedia Staff
February 20, 2024, 10 am
Reading Time: 3 mins read

Matterport, Inc. has launched Property Intelligence, a 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. These new features bolster the company’s property marketing, design and construction, and facilities management solutions for automating key elements of home listings, construction projects, and factory floor operations. 

“Since day one, our mission has been to fundamentally transform how people understand and access the built world. Our 3D digital twin technology set the industry standard for the virtual tour, and now we’re delivering unprecedented information and customization capabilities to our customers for any type of property anywhere in the world,” said RJ Pittman, chairman and CEO of Matterport. “Across the globe, Matterport serves nearly one billion virtual tours each year to let people walk through their potential dream home, manage a chain of retail stores, or operate their manufacturing facilities remotely. Our advancements in AI, automation, and property insights save our customers valuable time and help them make smarter decisions for their businesses and better serve their clients.”

As part of Matterport’s Winter 2024 Release: Automating the Future, the company stated they are introducing a series of new Showcase plugins that streamline property navigation and expert connections for users. Compass and Minimap plugins help visitors intuitively navigate large spaces with new visual cues, while the new Business Card and Quick Link plugins provide key contact details and additional property information inside the digital twin experience. Real estate agents can brand virtual tours, while property and facility managers can insert key information in the form of a card anywhere in the virtual space, including operations manuals, restaurant menus, reservation pages, and more. 

To better serve real estate agents and property marketers, Matterport stated they also have upgraded its RICS-standard schematic floor plans with options such as color floor plans, branding, multiple languages, and the ability to add or remove furniture. These new floor plans help agents attract qualified buyers while saving time by reducing site visits.

Announced in beta last December, the Matterport CAD file add-on is now available, which converts Matterport digital twin point clouds into editable CAD drawings for any space in several formats, including DWG and DXF files, according to a release. This add-on introduces a powerful CAD file export feature, offering construction and design teams a seamless solution to the traditionally labor-intensive tasks of documenting existing conditions and manually tracing files. The CAD file add-on streamlines the process of as-built documentation and speeds up project timelines.

Matterport stated they are also sharing a preview of Project Genesis, their upcoming generative AI release that leverages the organization’s experience in machine learning and AI to automatically reimagine and redesign a space within the digital twin. Initially, customers will be able to de-furnish an entire space, remove items from the property, or clean out the clutter. Next, customers will be able to reimagine an entire property with AI-generated interior design styles and furnishings. The project is slated to enter its first beta with select customers later this year. 

For more information, visit https://matterport.com/releases/2024-winter.

Tags: AIArtificial IntelligenceMatterportProperty AnalyticsProperty IntelligenceReal Estate TechnologyTech
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