Latest Trends and Insights in Real Estate Technology

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  • SoftBank leads $30 million investment in Accel Robotics for AI-enabled cashierless stores

    VENTUREBEAT

    Accel Robotics, one of a growing number of AI startups that’s setting out to enable automated cashierless stores, has raised $30 million in a series A round of funding led by SoftBank, with participation from New Ground Ventures, Toyo Kanetsu Corporate Venture Investment Partnership, and RevTech Ventures. Founded out of San Diego in 2015, Accel Robotics is developing the AI and computer vision smarts needed for checkout-free stores, which are designed to make queuing a thing of the past and will…

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  • Global Toronto Landlords Choose VTS; Platform to Now Manage 50% of Class A Office Space in Downtown Toronto

    VALDOSTADAILYTIMES

    VTS, the commercial real estate industry’s leading leasing and asset management platform, today announced that leading Toronto landlords – Oxford Properties Group and First Capital Realty – recently selected VTS as their leasing and asset management solution. With the new additions, the total amount of Class A office space in the Core Downtown Toronto market to be managed on the platform represents approximately 50% of the total market or 25 million square feet.

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  • Second Century Ventures Accepting Applications for the 2020 REACH and REACH Commercial Classes

    NAR REALTOR

    Second Century Ventures, the strategic investment arm of the National Association of Realtors®, is now accepting applications for its 2020 REACH and REACH Commercial accelerators. REACH offers education, mentorship and exposure for technology companies aiming to launch into the real estate industry, accelerate their businesses and expand into adjacent markets such as insurance, mortgage and financial services. REACH provides a unique opportunity for technology companies to get sizeable exposure …

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  • Tiger Global leads Series A funding in B2B materials marketplace Infra.Market

    VCCIRCLE

    Infra.Market, a business-to-business marketplace for real estate and construction materials, has raised $20 million (approximately Rs 143.26 crore at current exchange rates) in its Series A funding round led by US-based investment firm Tiger Global. Other investors that participated in the round include Nexus Venture Partners. Existing investor Accel also contributed to the round, Infra.Market said in a statement.

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  • Beyond the Fifth Wall, Episode 1: A Different Kind of VC

    FIFTHWALL

    In the first episode of Beyond the Fifth Wall, Co-Founders Brendan Wallace and Brad Greiwe talk about why they started Fifth Wall and their vision for the firm’s future.

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  • CREXi Completes $63M Las Vegas Portfolio Auction

    CONNECTMEDIA

    Marina Del Rey, CA-based CREXi concluded the online auction of 11 properties on behalf of Clark County, NV. Bidders in the $63 million total sale included private investors, developers and multiple publicly-traded builders and REITs, with heavy competition continuing throughout the auction. “We are thrilled with the outcome of this auction on behalf of our client,” said CREXi’s Mike DeGiorgio. “Despite strong reserve pricing set at appraised values, we were able to quickly generate 159 bids at o…

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  • Harlem Capital Completes $40M Maiden Fund

    FINSMES

    Harlem Capital, a NYC-based diversity-focused venture capital firm, closed Harlem Capital Partners Venture Fund I, LP, at $40.3m.  Fund I has 55 limited partners including TPG, State of Michigan Retirement Systems, Vanderbilt University, the Harry and Jeanette Weinberg Foundation, W.K. Kellogg Foundation, Consumer Technology Association, and Dorm Room Fund. 15 of Harlem Capital’s LPs are general partners of other funds and 50% of Harlem Capital’s individual LPs are women or people of color, whic…

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  • New Amazon tool simplifies delivery of containerized machine learning models

    TECHCRUNCH

    As part of the flurry of announcements coming this week out of AWS re:Invent, Amazon announced the release of Amazon SageMaker Operators for Kubernetes, a way for data scientists and developers to simplify training, tuning and deploying containerized machine learning models. Packaging machine learning models in containers can help put them to work inside organizations faster, but getting there often requires a lot of extra management to make it all work. Amazon SageMaker Operators for Kubernetes…

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  • Trulia hit with lawsuit over Premier Agent

    THEREALDEAL

    Trulia was slapped with a federal lawsuit assailing its Premier Agent advertising program as “unfair” and “deceptive,” and accusing it of diverting home buyers away from listing agents. According to the suit, which seeks class-action status, the Zillow Group subsidiary connects buyers with agents who “have no actual connection to the property being advertised, other than having paid defendant to be presented prominently next to the property.”

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  • WeWork’s London Expansion Checked As Deals Cancelled

    BISNOW

    Deals which would have seen WeWork lease 146K SF of new space in London and a further 80K SF in Glasgow have fallen through as the coworking company reviews its business strategy following its failed initial public offering. Deals for WeWork to lease 80K SF at 43 Brook Green in Hammersmith, 42K SF at 60 Moorgate in the City, 22K SF at 3 Paris Garden in Southbank and 20K SF at 1 Ariel Way in White City are now no longer progressing, according to Property Week. It said that in some cases landlords…

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