Real estate isn’t the easiest industry to break into, but one Israel-based company believes they are up to the job.
Real estate investment technology company, Skyline AI, uses progressive proprietary artificial intelligence and data science to advance commercial real estate investment benchmarks. Just four months after announcing $3 million in seed funding, the startup recently announced that it completed an $18 million Series A funding round for its machine learning real estate investment technology.
The funding round was led by TLV Partners and Sequoia Capital, with additional participation from JLL Spark, Arbor Ventures, NYCA Partners, and iAngels. The new infusion of cash will allow Skyline AI to add additional assets to its platform using data machine learning algorithms and elements of data science to help investors make better decisions about real estate investments. The Series A funding round brings Skyline AI’s total funding to $21 million.
Skyline’s proprietary artificial intelligence and machine-learning platform uses the largest data pool in the real estate industry to predict the value of assets in the United States. Skyline AI uses its advanced technology to identify risk and reward investments, discover other opportunities for value creation, detect market anomalies, and provide the right type of market data analysis.
Guy Zipori, Co-Founder and CEO of Skyline AI, said: “Commercial real estate is coming out of the dark ages when it comes to technology. We developed a platform that injects advanced AI directly into the core of the acquisition and ownership process, leveraging the largest data set in the industry to predict the performance of any asset in the US. We provide our partners and investors with cutting edge asset analysis in the shortest amount of time, adding value to any commercial real estate investment, on or off the market.”
Haim Sadger, partner of Sequoia Capital, said: “We knew when we made our initial seed investment in Skyline AI that the founding team had the AI expertise and vision to truly disrupt the commercial real estate market. What we did not know is how fast the the multi-trillion dollar US market would recognize the true value and opportunity with Skyline AI as their partners. AI is the future of real estate analysis and underwriting and is poised to fundamentally change the way assets are acquired.”
Skyline AI was created in 2017 by four tech entrepreneurs, Guy Zipori (CEO), Or Hiltch (CTO), Iri Amirav (CRO) and Amir Leitersdorf (Executive Chairman). The company has offices in both New York and Tel Aviv.