Urbanmetry, a Malaysia-based AI-driven city, and property data company, announced that it raised $2 million in pre-Series A round led by Monk’s Hill Ventures.
Funds will be utilized to develop intelligent data products and platforms to serve end consumers in the property and mortgage markets and to build a product, technology, data, and business development teams. Urbanmetry will accelerate the development and adoption of its mortgage data products and platform.
The company also plans to expand its repertoire of city databases to other south-east Asian cities.
Company: Urbanmetry Sdn Bhd.
Raised: $2.0M
Round: pre-Series A
Funding Month: February 2022
Lead Investors: Monk’s Hill Ventures
Additional Investors:
Company Website: https://www.urbanmetry.com/
Software Category: AI-based property data
About the Company: Urbanmetry is a property data company that harvests, cleans, and analyses large amounts of city data, through artificial intelligence and proprietary algorithms to extract trends and patterns in the built environment. Urbanmetry is building a platform to deliver this much-needed functionality for the mortgage market and has launched Nowcast, an AI-driven service that helps homebuyers forecast the value of their homes based on machine learning from 90 city data variables. Urbanmetry offers products for the homeowner. Urbanmetry today has over 150 corporate clients in the region including UEM Sunrise, Kuok Group Berhad, RHB Bank as well as the World Bank. The company has seen sustained growth over the pandemic and is profitable.
Source: https://www.entrepreneur.com/article/419680