Matterport backs global digital twin competition

SUNNYVALE, Calif. - Matterport, Inc. (NASDAQ:MTTR), a $1.67 billion market cap company known for its digital twin technology and spatial data capture, has announced its sponsorship of the 2025 Digital Twins Awards (DTAs). According to InvestingPro data, the company has demonstrated solid growth with revenue increasing 3.82% over the last twelve months. The DTAs, now in their fourth year, recognize innovative uses of Matterport’s technology across various industries, including real estate, arts, culture, and education.

Submissions for the DTAs opened today and will be accepted through February 28, 2025. The competition, which drew participation from over 170 countries last year, celebrates the creativity and expertise of Matterport users and partners, from developers to photographers. This year, the awards have introduced a new category for the best scan using non-professional series devices like smartphones and DSLRs.

RJ Pittman, Chairman and CEO of Matterport, emphasized the DTAs’ role in sparking new ideas and demonstrating the potential of digital twins to transform real-world spaces. The company’s market position appears strong, with InvestingPro data showing an impressive 128.82% stock return over the past year, currently trading near its 52-week high of $5.28. The awards aim to honor the global community’s skill and innovation in digital twin projects completed in 2024.

Participants can enter one project per category, with expert judges set to shortlist the top five nominees in each. The winners will be announced on April 4, 2025, and will receive prizes including Matterport hardware and subscriptions, totaling a prize pool of $28,000 USD.

The public will also have a chance to vote for their favorite digital twins from March 14-28, 2025, further engaging the global community in celebrating these technological achievements.

Matterport’s platform has been instrumental in digitizing millions of spaces worldwide, aiding in various aspects of the building lifecycle. The company’s contribution to the DTAs underscores its commitment to advancing the use of spatial data and digital twins.

For more information on the DTAs and submission guidelines, interested parties can visit the official awards website. This announcement is based on a press release statement from Matterport, Inc.

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