Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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Invisible AI uses computer vision to help (but hopefully not nag) assembly line workers

TechCrunch
5/8/2020

“Assembly” may sound like one of the simpler tests in the manufacturing process, but as anyone who’s ever put together a piece of flat-pack furniture knows, it can be surprisingly (and frustratingly) complex. Invisible AI is a startup that aims to monitor people doing assembly tasks using computer vision, helping maintain safety and efficiency — without succumbing to the obvious all-seeing-eye pitfalls. A $3.6 million seed round ought to help get them going….

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Rise Buildings and LifeStart Partner to Deliver Streaming Content Including Fitness and Wellness Activities to all Properties Powered by Rise

Rise Buildings
5/8/2020

Rise Buildings, a property operations and occupant experience platform that manages daily operations and activities for building staff and occupants, announced today that it is partnering with LifeStart to stream a wide variety of at-home programming to tenants and occupants of all buildings powered by Rise technology, at zero cost….

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TODAY @ 12 PM EST, CREtech Talks: The VC Perspective Part 3

CREtech
5/7/2020

The global pandemic has exerted unprecedented disruption in just a few months across multiple countries, economies, real estate companies and more. Public and private financial markets have been met with extreme volatility and many of today’s real estate tech startups, their clients, and financial backers are left trying to figure out how to survive and mitigate risk.

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Landlord sues co-living firm for bailing on lease

The Real Deal
5/7/2020

Landlord sues co-living firm for bailing on lease. A lawsuit accuses German co-living firm Quarters of “opportunistically” bailing on an $8 million lease in Brooklyn just as New York City became the global epicenter of the coronavirus pandemic.

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Selina CEO says $60M in funding will get startup through crisis

The Real Deal
5/7/2020

Selina CEO says $60M in funding will get startup through crisis. Selina, a London-based hotel and co-working company backed by Adam Neumann, has reportedly raised some $60 million in financing

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Real Estate Needs TLC, Too

Geek Estate Blog
5/7/2020

As the market turns from favoring sellers to buyers, that’ll get harder. Marketing will actually mean something again. Those with a proven ability to draw buyers to their inventory will reign supreme, cleaning up on listing appointments against those with few skills and no track record of success. The bar will be raised.

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Uber leads $170M Lime investment, offloads Jump to Lime

TechCrunch
5/7/2020

Lime has announced that it has raised a $170 million funding round. Uber is the leading investor with existing investors Alphabet, Bain Capital Ventures, GV and others also participating. The Information first reported on the new funding round before the official announcement….

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LISTEN: What will form the blueprint for the post-pandemic office?

Radius Data Exchange
5/7/2020

On this week’s episode of EG’s We’re Still Here podcast host Emily Wright is joined by deputy editor Tim Burke for a round-up of this week’s news. From the future of flexible offices to predictions of rent plunges, it has been another week of uncertainty and potential hardship.

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Tenant Risk Is Everything Today, And These Startups Are Helping You Measure It

Bisnow
5/7/2020

It is the question on every property owner’s mind right now: Are my tenants able to keep paying the rent? Tenant risk is the single most important factor in real estate, which the coronavirus crisis has bought into sharp focus by forcing tenants in multiple sectors to close virtually overnight.

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The Next Great AI Company? Covariant Attracts $40M Series B

Crunchbase
5/7/2020

Within all industries, companies are under pressure to deliver goods efficiently, fast and reliably, and especially amid the COVID-19 pandemic, in a way that keeps workers safe.

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