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To create the analytics platform for the commercial property world.
The UK’s $1.6 trillion commercial property market is witnessing an increased demand for real-estate assets. That shift in demand is making it harder for property firms, funds and landlords to generate Alpha returns. At the same time, there is a fundamental lack of data transparency in the sector.
Both are problems Built AI is hoping to solve with an AI-powered platform and data-inferencing software which aims to create the richest digital twin of the world’s commercial real estate, enhancing data insights and fuelling better property decisions.
BuiltAI says it will use recent proceeds to fuel its R&D and product growth, including furthering its AI geospatial analytics, and extending its customer acquisition in the UK and Europe.
The startup is not the only company to be enhance the real estate investing process with greater transparency. However, BuiltAI’s ambition for granular ‘street level’ insights through a live digital snapshot is unparalleled and its technology should give it a serious advantage over competitors as a result.
Steph
Company Specialist at Welcome to the Jungle
Aug 2022
$2.6m
SEED
This company has top investors
Firoz Noordeen
(Co-founder)Previously a Director at Natwest Ventures. Before that, worked as a Product Director for Royal Bank of Scotland.
Jeffrey Ng
(CTO/CSO & Co-founder)Doctorate in Machine Learning and Computer Vision and another 7 years of Post-Doctoral research experience in brain-inspired pattern recognition at Imperial College. Previously founded venture-backed Cortexica and AI Reki. Worked as CSO for Founders Factory and as CTO for Benevolent AI.