The Top 9 Finest AI Real Estate Startups for 2024
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A revolution in the real estate industry has been brought about by the introduction of artificial intelligence (AI) and the growth of AI firms focused on the industry. Thanks to this innovative technology, the daily operations of developers, homeowners, appraisers, and mortgage lenders have all witnessed significant changes.
This article looks at how innovative Real Estate AI startups and companies have developed over the past five years and how AI is being used to improve the speed and efficiency of real estate transactions.
The Real Estate Industry's Use of AI: Its Growth and Promise
Famous AI Startups in Real Estate
The Real Estate Industry's Use of AI: Its Growth and Promise
Since AI systems are becoming more and more popular across many industries, real estate organizations have welcomed them with tremendous enthusiasm. As a result of implementing AI solutions, over half of real estate firm owners claimed lower operating expenditures, and an amazing 63% reported more revenue. These findings are based on a McKinsey study.
Generative AI is expected to see tremendous growth in the real estate industry. The market is anticipated to grow at a robust compound annual growth rate (CAGR) of 11.2% between 2023 and 2032, reaching a size of around $924.2 million by that time.
Though there is excitement around Real Estate AI Startups, existing organizations' strategic considerations and investor mindset are still necessary to properly utilize the promise of AI in the real estate sector.
Despite the fact that proptech venture capital (VC) has poured more money into real estate AI startups—more than $8 billion in debt and equity in the first half of 2022—the true impact of AI won't be felt until this technology is integrated into the operations of big residential firms.
Famous AI Startups in Real Estate
To paint a complete picture of the rapidly expanding real estate market, we have gathered a list of exceptional examples of how companies are utilizing artificial intelligence (AI) to disrupt and revolutionize the real estate industry. This list also includes the inventive contributions of Real Estate AI startups.
Hryro.ai is the webpage for Hyro.
Domain: Software Engineering
Founded in 2018, the company employs 51-200 people.
based in the United States in New York
Hyro is a leader in international communication, capable of facilitating hundreds of AI-powered talks simultaneously.
The business employs AI to address problems in real estate:
Artificial Real Estate Hyro
Conversational AI is transforming the real estate industry thanks to a forward-thinking company named Hyro. Through its voice and AI chat interfaces, Hyro provides a seamless customer experience even in the absence of human staff.
To address various real estate concerns, these advanced interfaces incorporate capabilities like property matching, appointment scheduling, lead collection and follow-up, and accurate customer service based on real-time data changes.
Financing: Having completed seven investment rounds thus far, the most recent being a $20 million Series B transaction on May 30, 2023, Hyro has been able to raise a substantial capital.
Inta
Is the website Entera.ai.
Real estate sector; 51–200 workers; founded in 2018
based in the United States in New York
Real estate investing is being revolutionized by Entera, a leading SaaS and services platform for Enterprise and Mid-Market Single Family Investors, which provides seamless solutions for the purchase, sale, and management of assets.
The business employs AI to address problems in real estate:
Access a Dashboard.
In order to confront real estate challenges head-on, the company leverages artificial intelligence. By employing intelligent analytics and automating processes, Entera uses their cutting-edge platform to assist customers in the search, purchase, and management of single-family homes.
With over twenty years of experience, Entera's technology supports over 1,000 transactions every month in over twenty U.S. markets. This robust platform enables investors to make informed decisions and make the most out of their real estate investment.
Financials: Entera has successfully raised a substantial amount of capital through two investment rounds. The last round of Series A funding, which ended on June 29, 2021, raised an amazing $32 million.
www.localizeos.com is the LocalizeOS website.
Domain: Software Engineering
Founded in 2019, the company employs 51-200 people.
based in the United States in New York
Developed by LocalizeOS, a New York City startup with operations in South Florida, Chicago, and New York City, with plans to grow into other major U.S. metro regions, this is the most advanced operating system for real estate.
The business employs AI to address problems in real estate:
CompileOS
LocalizeOS leverages AI to address real estate-related issues with their innovative Hunter app. The Hunter app works like a concierge messaging service, continually engaging leads from real estate agents using a blend of artificial and human intelligence.
It compiles important information such as the budget and pre-approval status into a comprehensive profile of potential buyers. Hunter tells users when a buyer is ready to book property showings and provides periodic updates on the status of their leads.
In order to give agents useful insights and enhance lead management in the cutthroat real estate market, LocalizeOS uses artificial intelligence (AI). This allows agents to make educated decisions and maximize their productivity. 20% more transactions are closed by agents using LocalizeOS than by agents not using the platform.
Finances: Localize successfully concluded a $25 million Series C investment round, which it announced on August 4, 2021.
Prick
Check out getplunk.com.
Domain: Investment Administration
This 2019-founded business employs 11 to 50 people.
Main office: Washington's Bellevue
Plunk, a game-changing company, is at the forefront of real-time, AI-powered home analytics. Their technology has the potential to drastically alter how homeowners, real estate brokers, and investors evaluate and decide on residential real estate.
The business employs AI to address problems in real estate:
Clap
By utilizing their Homeowner Management System, Plunk and Milestones.ai collaborate to tackle the problems that the real estate industry faces by offering homeowners AI-powered remodeling advice. The integration of Plunk's Remodel Value and Project Recommendations can provide homeowners with valuable insights.
Project Recommendations categorize improvements based on the expected value addition to a specific property, whereas Plunk's Remodel Worth function assesses a home's worth following extensive renovations.
Using Plunk's real-time home analytics platform, homeowners can receive advise on how to raise the value of their property by using artificial intelligence. The platform covers over 104 million houses nationwide.
Capital: On November 11, 2022, Plunk closed a profitable venture round; the details are not yet disclosed.
Most probably. Artificial intelligence
Perhaps.ai
Domain: Property
Company was started in 2018 and employs 11 to 50 people.
Austin, Texas serves as the headquarters.
Presumably, artificial intelligence was developed because the real estate industry desired to have access to it as a service. Impact models, forecast models, and smart data upgrades are provided to the sector to provide it the knowledge it needs to allocate resources appropriately.
The business employs AI to address problems in real estate:
Most likely. Artificial intelligence (AI) addresses real estate-related problems by adding the powerful ChatGPT language model to their library of models created especially for the industry. Based on predictive analytics, their Likely Seller model determines homeowners who are most likely to sell their property in the near future, while their Likely Foreclosure model identifies homeowners who may be in danger of going into foreclosure.
Probably by mixing ChatGPT with really advanced AI models. AI assists real estate brokers in creating marketing campaigns that are both highly successful and highly targeted. The language model's ability to understand natural language and generate responses that seem human-like allows specialists to craft context-specific sales copy that resonates with potential clients on a human level.
Finance: A seed round of financing in AI raised $225,000 on August 31, 2021, most likely.
AI that was built
builtai.co is the URL.
Domain: Software Engineering
started in 2021; employs 11 to 50 people.
based in London, United Kingdom as its headquarters
Established in London, Built AI is a proptech company founded by Jeffrey Ng, Firoz Noordeen, and Natan Lempert. Via an online platform known as software-as-a-service, the company offers data-driven insights to real estate investors.
The business employs AI to address problems in real estate:
By utilizing artificial intelligence (AI) and natural language processing (NLP), Built AI solves real estate challenges in the commercial sector by extracting pertinent information from user-uploaded property brochures. The platform uses natural language processing (NLP) to efficiently assess property data and give investors in commercial real estate relevant information.
The startup’s technology aims to cut down on the amount of time investors must spend analyzing properties by automating the extraction and analysis of relevant data from brochures. Following that, a business strategy is developed using this data, incorporating estimated rates of return for potential investments.
By providing transparent data that was not previously available, Built AI's technology improves the evaluation of commercial real estate deals.
Financials: In three different funding rounds, Built AI has secured financing. The most current seed round was held on July 31, 2022, and raised $2.5 million.
CrexCapital.io is the website of CREX Capital.
Domain: Investment Administration
Company size: 2–10 personnel
Launched: 2022
With its headquarters in Berlin, Germany
With a combined 50 years of experience in banking and commercial real estate financing, Marc Wohlschlaeger, Dr. Maciej Merkel, and Michael Wetzel formed CREX Capital.
How does CREX Capital utilize AI to tackle real estate problems? The company aims to revolutionize commercial real estate finance by offering a full end-to-end lending infrastructure and creating the concept of a regulated real estate neobank. Their technology responds to the deficiencies in CRE finance by providing a banking-level solution that combines AI-driven reasoning with the evaluation of environmental, social, and governance (ESG) effects.
Laborious procedures, expensive costs, redundancy, and opacity are common features of the conventional CRE financing process. The consequences of this inefficiency include high transaction costs and a heavy reliance on middlemen. CREX Capital aims to entirely transform this environment by reducing costs by more than 50%, expediting transactions from months to only days, and streamlining the procedure.
Financials: CREX Capital raised funds in a convertible note transaction on February 6, 2023. It's still unclear just how much financing will be provided.
DataFlik's webpage is located at dataflik.com
Domain: Property
started in 2020; employs 2–10 people.
headquartered in Columbus, Ohio
Using DataFlik, an AI-powered platform, the real estate industry may benefit from List Stacking and Predictive Modeling services.
The business employs AI to address problems in real estate:
Cutting-edge marketing and data analytics solutions are provided by DataFlik, an AI company focused on real estate, to address industry issues. Real estate buyers and wholesalers can more accurately target their marketing efforts using their machine learning system, which was developed by NineTwoThree Venture Studio, as it can reliably identify motivated house sellers.
These machine learning algorithms process vast amounts of data from multiple sources, including the US Census, National Recorder and Tax Assessor Databases, and Credit Bureau data, to provide more precise lists. For its customers, DataFlik's machine learning (ML)-generated lists have yielded eight times higher returns on investment (ROI) than traditional lists made by human research.
Due to the startup’s focus on data analytics and predictive modeling, real estate agents might increase their marketing strategies. DataFlik's List Stacking and Predictive Modeling help maximize sales while reducing marketing expenses by finding homeowners who are most likely to sell.
funds: It is unknown how much DataFlik has raised in funding rounds.
Zora
Visit the website getzuma.com.
Domain: Software Engineering
started in 2021; employs 11 to 50 people.
California's Santa Monica serves as the headquarters.
An AI-powered company called Zuma is situated in Santa Monica, California. They provide lead scheduling software for landlords and real estate owners.
The business employs AI to address problems in real estate:
Zuma's lead scheduling software includes features including lead volume management, lead verification, lead scheduling, communication management, and automatic follow-up. Because Zuma automates these processes, real estate brokers may save manual labor, save time, and improve lead conversion rates.
Using artificial intelligence (AI) and machine learning, the company created an automated sales person who interacts with every new lead. Speaking with leads, this AI-powered agent provides personalized assistance and support.
Notable angel investors have recognized and supported Zuma, including Y-Combinator, Day One Ventures, Liquid 2 Ventures (Joe Montana's fund), Soma Capital, and other leading donors.
fund-raising: Three different fundraising rounds have raised money for Zuma, according to Crunchbase. The seed round of funding, which raised $6.7 million, took place on November 18, 2021.
Website: odaportal.com / Oda Studio
Domain: Real Estate Technology
This 2019-founded business employs 11 to 50 people.
California's Los Angeles serves as the headquarters.
Innovative photo enhancement, virtual staging, and digital asset management solutions are the company Oda Studio's areas of expertise in the real estate industry.
The business employs AI to address problems in real estate:
By Oda Studio
They offer photo augmentation, virtual staging, and digital asset management services using their proprietary artificial intelligence technology.
Property photos are assessed for both technical and aesthetic qualities by Oda Studio's AI technology through the use of machine learning models. They can discern between different portions of the image and the objects in the room by applying segmentation techniques. Moreover, they use cutting-edge GAN models for image restoration and offer numerous layers of customized improvements based on the content of the image.
Financing: Y Combinator and MIT-backed Oda Studio raised $2.8 million on December 8, 2021.
To sum up
As seen by the top-funded startups in 2024, artificial intelligence is a booming field in real estate. These forward-thinking businesses demonstrate how artificial intelligence (AI) has the power to completely revolutionize a number of real estate-related sectors, opening the door for further development.
Also, Appic Softwares is a real estate development business that can assist you in developing a solution that will stand the test of time. A paradigm shift in the real estate industry has been brought about by the advent of real estate artificial intelligence (AI) companies, such as RoccaBox, which was developed by our skilled team of proptech developers. Thanks to this innovative technology, the daily operations of developers, homeowners, appraisers, and mortgage lenders have all witnessed significant changes.
This article looks at how innovative Real Estate AI startups and companies have developed over the past five years and how AI is being used to improve the speed and efficiency of real estate transactions.
The Real Estate Industry's Use of AI: Its Growth and Promise
Famous AI Startups in Real Estate
The Real Estate Industry's Use of AI: Its Growth and Promise
Since AI systems are becoming more and more popular across many industries, real estate organizations have welcomed them with tremendous enthusiasm. As a result of implementing AI solutions, over half of real estate firm owners claimed lower operating expenditures, and an amazing 63% reported more revenue. These findings are based on a McKinsey study.
Generative AI is expected to see tremendous growth in the real estate industry. The market is anticipated to grow at a robust compound annual growth rate (CAGR) of 11.2% between 2023 and 2032, reaching a size of around $924.2 million by that time.
Though there is excitement around Real Estate AI Startups, existing organizations' strategic considerations and investor mindset are still necessary to properly utilize the promise of AI in the real estate sector.
Despite the fact that proptech venture capital (VC) has poured more money into real estate AI startups—more than $8 billion in debt and equity in the first half of 2022—the true impact of AI won't be felt until this technology is integrated into the operations of big residential firms.
Famous AI Startups in Real Estate
To paint a complete picture of the rapidly expanding real estate market, we have gathered a list of exceptional examples of how companies are utilizing artificial intelligence (AI) to disrupt and revolutionize the real estate industry. This list also includes the inventive contributions of Real Estate AI startups.
Hryro.ai is the webpage for Hyro.
Domain: Software Engineering
Founded in 2018, the company employs 51-200 people.
based in the United States in New York
Hyro is a leader in international communication, capable of facilitating hundreds of AI-powered talks simultaneously.
The business employs AI to address problems in real estate:
Artificial Real Estate Hyro
Conversational AI is transforming the real estate industry thanks to a forward-thinking company named Hyro. Through its voice and AI chat interfaces, Hyro provides a seamless customer experience even in the absence of human staff.
To address various real estate concerns, these advanced interfaces incorporate capabilities like property matching, appointment scheduling, lead collection and follow-up, and accurate customer service based on real-time data changes.
Financing: Having completed seven investment rounds thus far, the most recent being a $20 million Series B transaction on May 30, 2023, Hyro has been able to raise a substantial capital.
Inta
Is the website Entera.ai.
Real estate sector; 51–200 workers; founded in 2018
based in the United States in New York
Real estate investing is being revolutionized by Entera, a leading SaaS and services platform for Enterprise and Mid-Market Single Family Investors, which provides seamless solutions for the purchase, sale, and management of assets.
The business employs AI to address problems in real estate:
Access a Dashboard.
In order to confront real estate challenges head-on, the company leverages artificial intelligence. By employing intelligent analytics and automating processes, Entera uses their cutting-edge platform to assist customers in the search, purchase, and management of single-family homes.
With over twenty years of experience, Entera's technology supports over 1,000 transactions every month in over twenty U.S. markets. This robust platform enables investors to make informed decisions and make the most out of their real estate investment.
Financials: Entera has successfully raised a substantial amount of capital through two investment rounds. The last round of Series A funding, which ended on June 29, 2021, raised an amazing $32 million.
www.localizeos.com is the LocalizeOS website.
Domain: Software Engineering
Founded in 2019, the company employs 51-200 people.
based in the United States in New York
Developed by LocalizeOS, a New York City startup with operations in South Florida, Chicago, and New York City, with plans to grow into other major U.S. metro regions, this is the most advanced operating system for real estate.
The business employs AI to address problems in real estate:
CompileOS
LocalizeOS leverages AI to address real estate-related issues with their innovative Hunter app. The Hunter app works like a concierge messaging service, continually engaging leads from real estate agents using a blend of artificial and human intelligence.
It compiles important information such as the budget and pre-approval status into a comprehensive profile of potential buyers. Hunter tells users when a buyer is ready to book property showings and provides periodic updates on the status of their leads.
In order to give agents useful insights and enhance lead management in the cutthroat real estate market, LocalizeOS uses artificial intelligence (AI). This allows agents to make educated decisions and maximize their productivity. 20% more transactions are closed by agents using LocalizeOS than by agents not using the platform.
Finances: Localize successfully concluded a $25 million Series C investment round, which it announced on August 4, 2021.
Prick
Check out getplunk.com.
Domain: Investment Administration
This 2019-founded business employs 11 to 50 people.
Main office: Washington's Bellevue
Plunk, a game-changing company, is at the forefront of real-time, AI-powered home analytics. Their technology has the potential to drastically alter how homeowners, real estate brokers, and investors evaluate and decide on residential real estate.
The business employs AI to address problems in real estate:
By utilizing their Homeowner Management System, Plunk and Milestones.ai collaborate to tackle the problems that the real estate industry faces by offering homeowners AI-powered remodeling advice. The integration of Plunk's Remodel Value and Project Recommendations can provide homeowners with valuable insights.
Project Recommendations categorize improvements based on the expected value addition to a specific property, whereas Plunk's Remodel Worth function assesses a home's worth following extensive renovations.
Using Plunk's real-time home analytics platform, homeowners can receive advise on how to raise the value of their property by using artificial intelligence. The platform covers over 104 million houses nationwide.
Capital: On November 11, 2022, Plunk closed a profitable venture round; the details are not yet disclosed.
Most probably. Artificial intelligence
Perhaps.ai
Domain: Property
Company was started in 2018 and employs 11 to 50 people.
Austin, Texas serves as the headquarters.
Presumably, artificial intelligence was developed because the real estate industry desired to have access to it as a service. Impact models, forecast models, and smart data upgrades are provided to the sector to provide it the knowledge it needs to allocate resources appropriately.
The business employs AI to address problems in real estate:
Most likely. Artificial intelligence (AI) addresses real estate-related problems by adding the powerful ChatGPT language model to their library of models created especially for the industry. Based on predictive analytics, their Likely Seller model determines homeowners who are most likely to sell their property in the near future, while their Likely Foreclosure model identifies homeowners who may be in danger of going into foreclosure.
Probably by mixing ChatGPT with really advanced AI models. AI assists real estate brokers in creating marketing campaigns that are both highly successful and highly targeted. The language model's ability to understand natural language and generate responses that seem human-like allows specialists to craft context-specific sales copy that resonates with potential clients on a human level.
Finance: A seed round of financing in AI raised $225,000 on August 31, 2021, most likely.
AI that was built
builtai.co is the URL.
Domain: Software Engineering
started in 2021; employs 11 to 50 people.
based in London, United Kingdom as its headquarters
Established in London, Built AI is a proptech company founded by Jeffrey Ng, Firoz Noordeen, and Natan Lempert. Via an online platform known as software-as-a-service, the company offers data-driven insights to real estate investors.
The business employs AI to address problems in real estate:
By utilizing artificial intelligence (AI) and natural language processing (NLP), Built AI solves real estate challenges in the commercial sector by extracting pertinent information from user-uploaded property brochures. The platform uses natural language processing (NLP) to efficiently assess property data and give investors in commercial real estate relevant information.
The startup’s technology aims to cut down on the amount of time investors must spend analyzing properties by automating the extraction and analysis of relevant data from brochures. Following that, a business strategy is developed using this data, incorporating estimated rates of return for potential investments.
By providing transparent data that was not previously available, Built AI's technology improves the evaluation of commercial real estate deals.
Financials: In three different funding rounds, Built AI has secured financing. The most current seed round was held on July 31, 2022, and raised $2.5 million.
CrexCapital.io is the website of CREX Capital.
Domain: Investment Administration
Company size: 2–10 personnel
Launched: 2022
With its headquarters in Berlin, Germany
With a combined 50 years of experience in banking and commercial real estate financing, Marc Wohlschlaeger, Dr. Maciej Merkel, and Michael Wetzel formed CREX Capital.
How does CREX Capital utilize AI to tackle real estate problems? The company aims to revolutionize commercial real estate finance by offering a full end-to-end lending infrastructure and creating the concept of a regulated real estate neobank. Their technology responds to the deficiencies in CRE finance by providing a banking-level solution that combines AI-driven reasoning with the evaluation of environmental, social, and governance (ESG) effects.
Laborious procedures, expensive costs, redundancy, and opacity are common features of the conventional CRE financing process. The consequences of this inefficiency include high transaction costs and a heavy reliance on middlemen. CREX Capital aims to entirely transform this environment by reducing costs by more than 50%, expediting transactions from months to only days, and streamlining the procedure.
Financials: CREX Capital raised funds in a convertible note transaction on February 6, 2023. It's still unclear just how much financing will be provided.
DataFlik's webpage is located at dataflik.com
Domain: Property
started in 2020; employs 2–10 people.
headquartered in Columbus, Ohio
Using DataFlik, an AI-powered platform, the real estate industry may benefit from List Stacking and Predictive Modeling services.
The business employs AI to address problems in real estate:
Cutting-edge marketing and data analytics solutions are provided by DataFlik, an AI company focused on real estate, to address industry issues. Real estate buyers and wholesalers can more accurately target their marketing efforts using their machine learning system, which was developed by NineTwoThree Venture Studio, as it can reliably identify motivated house sellers.
These machine learning algorithms process vast amounts of data from multiple sources, including the US Census, National Recorder and Tax Assessor Databases, and Credit Bureau data, to provide more precise lists. For its customers, DataFlik's machine learning (ML)-generated lists have yielded eight times higher returns on investment (ROI) than traditional lists made by human research.
Due to the startup’s focus on data analytics and predictive modeling, real estate agents might increase their marketing strategies. DataFlik's List Stacking and Predictive Modeling help maximize sales while reducing marketing expenses by finding homeowners who are most likely to sell.
funds: It is unknown how much DataFlik has raised in funding rounds.
Zora
Visit the website getzuma.com.
Domain: Software Engineering
started in 2021; employs 11 to 50 people.
California's Santa Monica serves as the headquarters.
An AI-powered company called Zuma is situated in Santa Monica, California. They provide lead scheduling software for landlords and real estate owners.
The business employs AI to address problems in real estate:
Zuma's lead scheduling software includes features including lead volume management, lead verification, lead scheduling, communication management, and automatic follow-up. Because Zuma automates these processes, real estate brokers may save manual labor, save time, and improve lead conversion rates.
Using artificial intelligence (AI) and machine learning, the company created an automated sales person who interacts with every new lead. Speaking with leads, this AI-powered agent provides personalized assistance and support.
Notable angel investors have recognized and supported Zuma, including Y-Combinator, Day One Ventures, Liquid 2 Ventures (Joe Montana's fund), Soma Capital, and other leading donors.
fund-raising: Three different fundraising rounds have raised money for Zuma, according to Crunchbase. The seed round of funding, which raised $6.7 million, took place on November 18, 2021.
Website: odaportal.com / Oda Studio
Domain: Real Estate Technology
This 2019-founded business employs 11 to 50 people.
California's Los Angeles serves as the headquarters.
Innovative photo enhancement, virtual staging, and digital asset management solutions are the company Oda Studio's areas of expertise in the real estate industry.
The business employs AI to address problems in real estate:
By Oda Studio
They offer photo augmentation, virtual staging, and digital asset management services using their proprietary artificial intelligence technology.
Property photos are assessed for both technical and aesthetic qualities by Oda Studio's AI technology through the use of machine learning models. They can discern between different portions of the image and the objects in the room by applying segmentation techniques. Moreover, they use cutting-edge GAN models for image restoration and offer numerous layers of customized improvements based on the content of the image.
Financing: Y Combinator and MIT-backed Oda Studio raised $2.8 million on December 8, 2021.
Conclusion
As seen by the top-funded startups in 2024, artificial intelligence is a booming field in real estate. These forward-thinking businesses demonstrate how artificial intelligence (AI) has the power to completely revolutionize a number of real estate-related sectors, opening the door for further development.
Also, Appic Softwares is a real estate development business that can assist you in developing a solution that will stand the test of time. Several real estate solutions, including RoccaBox, have been developed by our skilled team of proptech developers.
So, what are you waiting for?
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