BuiltAI, a London, UK-based real estate intelligence platform, secured £2 million in seed funding.
The investment round was led by former Apple/DataTiger executives Philipp Mohr and Puli Liyanagama and supported by MMC Ventures (which backed RPA Supervisor and YuLife), Plug and Play, and an InnovateUK Smart Grant.
The new funds will fuel BuiltAI’s R&D and product growth, including furthering its AI geospatial analytics and extending its customer acquisition in the UK and Europe.
Company: BuiltAI
Raised: £2.0M
Round: Seed Round
Funding Month: August 2022
Lead Investors: Philipp Mohr and Puli Liyanagama
Additional Investors: MMC Ventures, Plug and Play, and InnovateUK Smart Grant.
Company Website: https://www.builtai.co/
Software Category: Real Estate Intelligence platform
About the Company: BuiltAI was founded by Firoz Noordeen, former director of Natwest Ventures; Natan Lempert, former real estate investment professional from Benson Elliot; and Jeffrey Ng, former CTO of Benevolent AI and CSO at Founders Factory. BuiltAI is the first to build the richest, most accurate AI-augmented dataset on UK commercial real estate using the latest in machine learning capabilities. Built AI’s proprietary algorithms can create granular ‘street level’ insights on any property and location from sparsely-populated and disparate datasets that are pervasive in the industry. ts vision is to create a ‘live’ digital snapshot of the country’s real estate assets that can be used to virtually model investment scenarios across entire portfolios.
Source: https://techfundingnews.com/builtai-taps-into-uk-real-estate-market-with-its-ai-platform-secures-2m/