SmartRent’s losses widen as supply-chain crisis lingers
TheRealDeal
SmartRent’s beaten-down shares got some relief Thursday after the smart-home technology provider reported the highest quarterly revenue in its five-year history.
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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Major UK Modular Housebuilder Falls Into Administration
Bisnow
Making money out of modular housebuilding is proving harder than its champions thought. High hopes were pinned on modular construction as a cheap and efficient way to scale up housebuilding. But simply being a good idea isn’t enough to assure financial success, if the appointment of administrators at House — Urban Splash House Holdings Group, is a guide.
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Better.com CEO Vishal Garg says he is ‘personally liable’ for $750M SoftBank loan
TechCrunch
Better.com CEO Vishal Garg has acknowledged to employees that he “personally guaranteed” the $750 million cash infusion provided to the online mortgage lender last November in an email seen by TechCrunch.
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WeWork Loss Narrows as Desk Sales Reach Prepandemic Levels
The Wall Street Journal
WeWork Inc.’s first-quarter loss narrowed sharply as gross desk sales reached prepandemic levels with the gradual return of employees in the U.S. to in-person work. The shared-office company said Thursday its top line rose 28% from a year ago, with 166,000 desks sold, the highest level since the first quarter of 2020. Revenue was higher than WeWork’s forecast for the period and the company raised the low end of its revenue outlook for the year….
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“A lack of public sector competence” limits proptech’s growth but Gmaven is providing solutions
Technext
Using terminology like Proptech and Fintech (popular buzzwords in today’s tech scene) would have elicited raised eyebrows only 16 years ago. During that time period, technology was only marginally accepted throughout businesses and economies.
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Israeli startup Firmus raises $4.5m for pre-construction AI software
Build in Digital
Israel-based pre-construction AI and computer vision startup, Firmus, has raised $4.5m in seed funding. The company says that the fresh funding will help to bring data-driven decision-making capabilities and AI-based risk management to the early stages of construction projects. …
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Smart Home Devices in the MDU Market: Connectivity, New Partnerships & Proptech Solutions
Security Sales and Integration
Multidwelling units (MDUs) and multifamily properties are buildings designed to house several different families and contained in a single building or several buildings within one complex. The building is typically divided into separate housing units and is owned by one entity.
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Tech Layoffs And Hiring Freezes Appear To Accelerate
Crunchbase
While earlier in the year, much of the talk in the tech sector focused on falling valuations, dropping stock prices and slower funding rounds, a lot of chatter the past two months has been around something that hits much closer to home for many people.
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DEALS | Brookfield, Fifth Wall bet big on e-retail for construction
PlaceTech
Backed by one of the world’s largest asset managers, Material Bank wants to reinvent real estate supply chains by aggregating hundreds of thousands of design and construction materials. …
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Apartment dwellers face hurdles in the race to install EV chargers
The Guardian
After Jules Stewart ordered an electric vehicle, her next move was to ask the property manager of her northern Sydney apartment building about installing a powerpoint in the garage.
