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Matterport Inc   (MTTR)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 

Matterport Inc's Customers Performance

MTTR

 
MTTR's Source of Revenues During the corresponding time, Matterport Inc recorded revenue increase by 4.21 % year on year, sequentially revenue fell by -2.57 %. While revenue at the Matterport Inc 's corporate clients

List of MTTR Customers




for the same period Matterport Inc recorded revenue increase by 4.21 % year on year, sequentially revnue fell by -2.57 %.

List of MTTR Customers





Matterport Inc's Comment on Sales, Marketing and Customers



We primarily sell to enterprises, ranging from Fortune 100 companies to small- and medium-sized businesses. Our subscriber base is global and spans numerous categories, as we have expanded beyond the residential and commercial real estate verticals to AEC, travel and hospitality, repair and insurance, and industrial, facilities and retail.
The biggest companies in each of the verticals we serve represent billions of square feet of property that could become part of Matterport?s global spatial data library. We expect our global subscriber base to continue to grow rapidly as Matterport continues to establish itself as the digital standard of the built world and an integral component of managing a building?s lifecycle.
Matterport?s fundamental go-to-market model is built upon a subscription first, capture device agnostic approach. We have invested aggressively to unlock a scalable subscription flywheel for subscriber adoption with multiple on-ramps to Matterport and a variety of ways to expand subscriber engagement. We will continue to invest in these subscription first on-ramps and cross-sell opportunities to accelerate our growth. The key benefit to this approach is to offer our current and future subscriber a frictionless, cost effective way to start and then scale with Matterport. Our subscription plans are priced from free for a single space captured with an iPhone to custom plans tailored to large scale enterprise subscriber needs.
We have developed a scalable go-to-market process built upon the strength of our platform and an efficient approach that opens our sales funnel to reach across industries and geographies, targeted at large enterprise subscribers, small businesses and mid-market opportunities. We have deployed a multi-channel sales approach to efficiently reach each of our subscriber segments, from small businesses to enterprise-level subscribers. In general, we employ a direct sales approach for subscribers with the largest number of spaces or square feet under management, a channel partner approach to expand our reach where channel partners offer strong networks in particular verticals or geographies, and an online self-service approach for a frictionless, convenient entry point to Matterport for all potential subscribers. This structure allows us to effectively and efficiently market our solutions to businesses of all sizes across the world.

Online direct sales and downloads. We are increasing our investment across our online distribution channel to make it easy and frictionless for our subscribers to get started and grow with Matterport. Our software, a variety of subscription plans, and multiple capture device options are available online for purchase today. Our Matterport for iPhone capture solution requires just a simple app download and free account sign up to get started, enabling enterprises, small businesses and individual property owners to experience the Matterport solution in just minutes.
Direct sales. With sales teams distributed across the United States, Europe and Asia, we strive to increase adoption among large enterprise subscribers across various end markets, including residential and commercial real estate, facilities management, retail, AEC, insurance and repair, and travel and hospitality. Matterport?s direct sales teams have domain expertise in specific industries, and are organized by verticals in order to address the unique needs of our subscribers. We also have a dedicated technical support team that works closely with subscribers to ensure that the Matterport application programming interface can be integrated seamlessly with each enterprise system.
Subscriber success. Our account management teams work directly with our subscribers and our sales teams to onboard subscribers, articulate the value and scope of our services and drive engagement and cross-selling of our products and services.
Channel sales. In addition to our online and direct sales efforts, we maintain a robust ecosystem of channel partnerships, which enable us to reach a wider network of enterprise and small business subscribers. Our channel partners are technology and systems integrators with domain expertise in key industries and deep understanding of the unique requirements of their respective markets. Training and education are a cornerstone of our partnerships, and we work closely with our channel partners to ensure they are knowledgeable in addressing our subscribers? requirements. For example, our channel partners help make our 3D cameras available to subscribers in a wide range of industries and geographies. Our partners in the specialized immersive technology space introduce real estate and travel and hospitality subscribers to Matterport?s spatial data platform to address their unique 3D capturing needs. Specialty construction contractors connect with Matterport through their suppliers to improve the efficiency of construction projects with the help of digital twins.


  News about Matterport Inc Contracts

Kikkoman Harnesses Matterport's Digital Twin Platform to Preserve Japanese Food Culture and Enhance Revenue Growth

In a bid to preserve Japanese food culture and enhance revenue growth, Kikkoman, the world's leading soy sauce producer, has partnered with Matterport Inc. and leveraged their Property Marketing solution. This collaboration has allowed Kikkoman to digitize its historic soy sauce production line, ensuring the preservation of traditional methods while embracing technological advancements.Revenue Growth and Cost Reduction:In the Q3, Matterport Inc.'s corporate clients experienced a reduction in their costs of revenue by 0.78% compared to the previous year. However, sequentially, costs of revenue grew by 1.4%. In terms of revenue, Matterport Inc. witnessed a year-on-year increase of 5.01%, with sequential growth...

Matterport's Revolutionary 3D Digital Twins Transforming the Virtual Art Exhibition Landscape and Corporate Revenue Growth

In recent years, Matterport Inc has been making significant strides in the realm of virtual reality, specifically with its groundbreaking technology called digital twins. This technology has not only revolutionized the way virtual art exhibitions are experienced but has also contributed to notable revenue growth for Matterport and its corporate clients. This article will explore how Matterport's digital twin platform, used by ARTOGO, is reshaping the art exhibition industry and driving financial success for businesses.Unlocking a World of Virtual Art:ARTOGO, a virtual art exhibition platform powered by Matterport's digital twin technology, has become Asia's largest virtual art hub, captivating millions of vi...

Matterport's Pro3 and Digital Twin Technology: Revamping Surveys, Sales, and Government Operations

Revolutionizing Multiple Industries: Matterport's Pro3 and Digital Twin Technology in Home Extensions, Hospitality Marketing, and the US Public SectorIn an era where innovation is constantly shaping our world, Matterport, a leading 3D capture technology company, continues to make waves across industries with its Pro3 camera and Digital Twin technology. The company's partnerships with Resi, Visiting Media, and Arcadus have not only transformed the way home extension surveys, hospitality sales, and the US public sector operate but are also revolutionizing the overall customer experience.Resi, the UK's top home extension company, has recently adopted Matterport's technology, resulting in a 25% reduction in surv...

Transformative Impact of Digital Twins on Real Estate Explored by Matterport CEO RJ Pittman, Recognized as Inman 2024 Power Player

Matterport, a leading company in the digital twin technology space, has made significant strides in the real estate industry under the leadership of its Chairman and CEO, RJ Pittman. Pittman's accomplishments have recently been acknowledged by Inman, as he was named a Power Player in their 2024 list, highlighting his role in shaping the future of the residential real estate sector.In the third quarter, Matterport's corporate clients experienced a slight reduction of 0.78% in their costs of revenue, as compared to the previous year. However, sequentially, costs of revenue grew by 1.4%. On the other hand, Matterport Inc recorded a year-on-year revenue increase of 5.01%, with a sequential revenue growth of 2.4...

University of Manchester Utilizes Matterport Digital Twins to Revolutionize Student Onboarding at Martin Harris Centre for Music and Drama


In a groundbreaking move, the University of Manchester has partnered with Matterport, a leading provider of digital twin technology, to transform the onboarding process for students at the prestigious Martin Harris Centre for Music and Drama. Matterport's Facilities Management solution has played a pivotal role in developing an innovative virtual induction and training tool that allows students to familiarize themselves with the facility before accessing rehearsal rooms.
This collaboration comes at a time when Matterport Inc's corporate clients have recorded a reduction of 0.78% in their costs of revenue compared to the previous year. On the other hand, revenue for these clients increased by 5.01% y...




Matterport Inc's Comment on Sales, Marketing and Customers


We primarily sell to enterprises, ranging from Fortune 100 companies to small- and medium-sized businesses. Our subscriber base is global and spans numerous categories, as we have expanded beyond the residential and commercial real estate verticals to AEC, travel and hospitality, repair and insurance, and industrial, facilities and retail.
The biggest companies in each of the verticals we serve represent billions of square feet of property that could become part of Matterport?s global spatial data library. We expect our global subscriber base to continue to grow rapidly as Matterport continues to establish itself as the digital standard of the built world and an integral component of managing a building?s lifecycle.
Matterport?s fundamental go-to-market model is built upon a subscription first, capture device agnostic approach. We have invested aggressively to unlock a scalable subscription flywheel for subscriber adoption with multiple on-ramps to Matterport and a variety of ways to expand subscriber engagement. We will continue to invest in these subscription first on-ramps and cross-sell opportunities to accelerate our growth. The key benefit to this approach is to offer our current and future subscriber a frictionless, cost effective way to start and then scale with Matterport. Our subscription plans are priced from free for a single space captured with an iPhone to custom plans tailored to large scale enterprise subscriber needs.
We have developed a scalable go-to-market process built upon the strength of our platform and an efficient approach that opens our sales funnel to reach across industries and geographies, targeted at large enterprise subscribers, small businesses and mid-market opportunities. We have deployed a multi-channel sales approach to efficiently reach each of our subscriber segments, from small businesses to enterprise-level subscribers. In general, we employ a direct sales approach for subscribers with the largest number of spaces or square feet under management, a channel partner approach to expand our reach where channel partners offer strong networks in particular verticals or geographies, and an online self-service approach for a frictionless, convenient entry point to Matterport for all potential subscribers. This structure allows us to effectively and efficiently market our solutions to businesses of all sizes across the world.

Online direct sales and downloads. We are increasing our investment across our online distribution channel to make it easy and frictionless for our subscribers to get started and grow with Matterport. Our software, a variety of subscription plans, and multiple capture device options are available online for purchase today. Our Matterport for iPhone capture solution requires just a simple app download and free account sign up to get started, enabling enterprises, small businesses and individual property owners to experience the Matterport solution in just minutes.
Direct sales. With sales teams distributed across the United States, Europe and Asia, we strive to increase adoption among large enterprise subscribers across various end markets, including residential and commercial real estate, facilities management, retail, AEC, insurance and repair, and travel and hospitality. Matterport?s direct sales teams have domain expertise in specific industries, and are organized by verticals in order to address the unique needs of our subscribers. We also have a dedicated technical support team that works closely with subscribers to ensure that the Matterport application programming interface can be integrated seamlessly with each enterprise system.
Subscriber success. Our account management teams work directly with our subscribers and our sales teams to onboard subscribers, articulate the value and scope of our services and drive engagement and cross-selling of our products and services.
Channel sales. In addition to our online and direct sales efforts, we maintain a robust ecosystem of channel partnerships, which enable us to reach a wider network of enterprise and small business subscribers. Our channel partners are technology and systems integrators with domain expertise in key industries and deep understanding of the unique requirements of their respective markets. Training and education are a cornerstone of our partnerships, and we work closely with our channel partners to ensure they are knowledgeable in addressing our subscribers? requirements. For example, our channel partners help make our 3D cameras available to subscribers in a wide range of industries and geographies. Our partners in the specialized immersive technology space introduce real estate and travel and hospitality subscribers to Matterport?s spatial data platform to address their unique 3D capturing needs. Specialty construction contractors connect with Matterport through their suppliers to improve the efficiency of construction projects with the help of digital twins.








MTTR's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Matterport Inc 1,261.42 159.09 -181.36 485
Berkshire Hathaway Inc 492,047.10 349,271.00 77,710.00 0
SUBTOTAL 492,047.10 349,271.00 77,710.00 -


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