Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
PR Newswire
BrainBox AI, a leader in autonomous building technology, today announced a $24M raise to further deploy its AI technology in the built environment and develop its next phase of innovation. The first close of its Series A round includes new lead investor, ABB, and investments by Esplanade Ventures and Desjardins Capital….
Businesswire
Today Prescriptive Data, a smart building and real estate sustainability artificial intelligence company, announced it has been named the newest member of Microsoft for Startups, a global program that helps B2B startups scale with cloud resources and mentoring….
CNBC
Far from Glasgow and COP26, Ithaca, New York, just made an unprecedented move to tackle climate change and the city’s carbon footprint. In a unanimous vote on Wednesday night, Ithaca’s city council approved the full decarbonization of its buildings.
Placetech
A Dutch company working on the development of hyperloop has received €15m from the European Commission – the first time the bloc has funded a hyperloop project.
Wall Street Journal
Sometimes a ruler gets too ambitious and has to fall on his own sword. So it goes for online real-estate king Zillow which, in conjunction with its earnings announcement Tuesday, said it was quitting the automated home-flipping business less than three years after reorganizing its whole kingdom to accommodate it. The pullout, the company said, would reduce its workforce by about 25% over the next few quarters. Zillow said last month that it was pausing offers on homes for which it didn’t alre…
Wall Street Journal
Matt Friedell and about a dozen other Marines approached the gully they had to cross, sized up the terrain and deployed their gear for an operation not found in any military playbook: 3-D printing a bridge.
Placetech
From JLL Spark in the US to PwC in Germany, major global investors have recently backed VC fund PropTech 1 Ventures. PlaceTech spoke to managing partner Nikolas Samios to find out what’s driving that interest in proptech and what problems in real estate the fund wants to fix.
CREtech
John Fitzpatrick, Managing Director and Chief Technology Officer of Alternative Asset Management Technology at Blackstone, will be interviewed by Brad Greiwe, Co-Founder and Managing Partner of Fifth Wall, in a Keynote discussion. Fitzpatrick serves as the Managing Director and Chief Technology Officer of Alternative Asset Management Technology at Blackstone, and has played an integral role in advancing Blackstone’s investments in targeted, early-stage, and technology-related opportunities. Prio…
Bizjournals
Homeowners seeking debt relief now have another option to pull cash from their home equity with the launch of Unlock Technologies Inc.
Wall Street Journal
Navitas Capital has raised $160 million for its third venture fund to invest in early-stage startups in real-estate tech after a bumpy period for the sector. Real-estate startups in the U.S. are experiencing a resurgence of interest after a drop in venture funding in 2020.
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