Foley & Lardner LLP represented Matterport, the global leader in 3D digital twin technology, in its sale to CoStar Group, a leading provider of online real estate marketplaces, information, and analytics in the property markets. This acquisition brings together two industry pioneers to accelerate the adoption of AI-driven digital twin technology across the global real estate landscape.
Matterport pioneered 3D digital twins, enabling property owners, buyers, and renters to experience properties with immersive accuracy from anywhere in the world. With over 14 million spaces and 50 billion square feet digitized across 177 countries, Matterport has built the world’s largest and most precise spatial data library, empowering real estate professionals with powerful insights and visualization tools.
CoStar Group and Matterport are committed to further investing in AI, computer vision, and machine learning to improve property analytics, optimize operational efficiency, and broaden the use of digital twin technologies throughout the real estate industry. As the demand for remote property exploration and data-driven decision-making continues to grow, this merger positions the combined company at the forefront of the next generation of real estate technology.
The Foley team was led by partners Louis Lehot and Brandee Diamond, with support from SEC partner Jessie Lochmann, antitrust partner Ben Dryden, securities litigation partner Beth Boland, compensation and benefits partners Leigh Riley and Casey Knapp, tax partner Rishi Sodhi, technology transactions of counsel Alan Pate, special corporate counsel Kelly Boyd, and senior antitrust counsel Ian Hampton. The team also included associates Trevor Mullin, Robin Zhang, Saige Gallop, Sarah Waste, Sonia Kothari, Richard Flannery, Rachel Horewitz, and Jacqueline Beveridge.
Further details can be found here.