Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • Scoop: Construction tech unicorn Procore seeking to raise $112.5M

    PITCHBOOK

    Procore is seeking to raise up to $112.5 million in Series H1 funding, PitchBook has learned. The funding would value the company at around $3.3 billion, per a PitchBook estimate, up from the $3 billion valuation it reached in December. Final terms and details of the financing have not been announced and are subject to change. The company declined to comment. Founded in 2003, the Southern California-based company is the provider of cloud-based construction software, which aims to replace t…

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  • Speaker Spotlight: Granit Gjonbalaj, Chief Real Estate Development Officer, WeWork

    CRETech

    Attending the CREtech New York Conference on October 16-17, 2019? Don’t miss a groundbreaking session from Granit Gjonbalaj, Chief Real Estate Development Officer of WeWork.  He will present the CREtech Talk: “WeWork: A Profile In Innovation” and discuss how no other start-up has transformed commercial real estate like WeWork. From the tenant experience to brokerage and development, hear how WeWork plans to keep pushing innovation. Our team at CREtech recently caught up with Gjonbalaj to l…

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  • How Uber Got Lost

    NEW YORK TIMES

    It was April 2014, and Uber was announcing a new $1 charge onfares called the Safe Rides Fee. The start-up described the charge as necessary to fund “an industry-leading background check process, regular motor vehicle checks, driver safety education, development of safety features in the app, and insurance.” But that was misleading. Uber’s margin on any given fare was mostly fixed, at around 20 to 25 percent, with the remainder going to the driver. According to employees who worked on the p…

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  • How to Stay Relevant in a Tech-Infused World

    REALTOR MAGAZINE

    The pace at which technologies like iBuyers and artificial intelligence are reshaping the real estate industry is only going to speed up. But that’s no reason to fear for your livelihood. While these innovations will simplify the home buying and selling process, they won’t change your role as an adviser helping clients understand their home sale options. In fact, technology—devoid of emotion—stands in stark contrast to your strongest value proposition to consumers: bringing human compassion to t…

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  • Landis, A Stanford Real Estate Startup, Raises $15M To Put Americans On The Path To Homeownership

    FORBES

    Homeownership is considered a core part of achieving the American Dream. However, that achievement is slipping out of reach of many Americans these days. U.S. homeownership has been at record lows throughout this decade. More Americans are renting as a response while managing with stagnant wage growth. The path to homeownership in today’s America has never looked this dismal. Cyril Berdugo, 29, and Tom Petit, 31, have built Landis to create a new road for Americans to own a home. Landis is a soc…

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  • Global Women in PropTech Industry Group Launches with Inaugural Real Estate Technology Summit in NYC

    WOMEN IN PROPTECH

    200+ industry leaders will convene Oct. 18 to discuss transformative technologies aimed at achieving well-being and sustainability goals for the built environment  (August 20, 2019) NEW YORK — Women in PropTech (https://www.womeninproptech.co/), the leading global industry group for women in real estate technology, today announced its formation and its inaugural Women in PropTech Summit. The Summit will be a half-day event, taking place on October 18 in Manhattan, and will explore real-world a…

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  • Fresh out of Y Combinator, Tandem lands millions from Andreessen Horowitz

    TECHCRUNCH

    Tandem, one of the most sought-after companies to graduate from Y Combinator’s summer batch, will emerge from the accelerator program with a supersized seed round and an uncharacteristically high valuation. The months-old business, which is developing communication software for remote teams after pivoting from crypto, is raising a $7.5 million seed financing at a valuation north of $30 million, sources tell TechCrunch. Airbnb investor Andreessen Horowitz is leading the round….

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  • Smart Cities Need to Spend More on Security Tech, Study Suggests

    BLOOMBERG

    The world’s largest cities need to invest billions of additional dollars into their infrastructure in order to secure citizen data, new research suggests. Of the roughly $135 billion expected to be spent globally on cybersecurity for critical city infrastructure in 2024, 44% will be split across data protection provisions for energy, health care, public security, transport, water and waste industries, analyst group ABI Research concluded in a study published Tuesday….

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  • Openpath Solves a Massive Security Problem Facing Businesses: Tailgating

    OPENPATH

    Expands Partner Ecosystem with Video Surveillance and Analytics Providers Milestone, Density and Camio, and Turnstile/Parking System Provider Automatic Systems, to Solve Pressing Security Issues LOS ANGELES – August 22, 2019 – Openpath, a leader in modern mobile access control, announced their solution to tailgating — known as one of the biggest security vulnerabilities that buildings and workplaces face today. Tailgating occurs when a door is left open long enough for an unauthorized person t…

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  • Profitable By 2020: Industrious Raises $80M From Brookfield, Equinox

    BISNOW

    Coworking firm Industrious raised $80M in a new funding round with backing from Brookfield Properties Retail and Equinox, with whom it plans to partner on future locations. The funding also came from the Canada Pension Plan Investment Board, Riverwood Capital Partners, Wells Fargo Strategic Capital, Fifth Wall Capital and landlords TF Cornerstone and Granite Properties, Industrious announced in a release Thursday.

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