Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bloomberg
Industrious, a provider of flexible workspaces that’s backed by CBRE Group Inc., acquired Great Room Offices and Welkin & Meraki to expand its footprint in Asia and Europe.
Tech Funding News
Route Konnect, a Cardiff-based AI software company, has picked up $1 million in a pre-seed equity investment round, which was led by the Development Bank of Wales’ Technology Seed Fund. also, additional investment came from proptech VC Pi Labs, early-stage investors SFC Capital and private angel investors with the backing of Plug and Play, the early investors in Dropbox and PayPal.
Axios
One thing that jumps out in McKinsey’s look at a path to meeting U.S. climate targets is how much is feasible now with existing tech, Ben writes.
Princeton Identity
When tenants sign a lease, they trust the building’s management to maintain the property’s critical infrastructure. Electrical, heating, ventilation, water supply: these systems are mission-critical. Their failure can temporarily shut down a building, causing inconveniences and financial losses for occupying tenants. In some instances, the impact can be catastrophic. Protecting such systems from tampering or outright attack requires the highest levels of security. Proximity to equipment must be…
Crunchbase
A lot of founders ask, “When is the right time to take on venture capital investors?” The specific answer to this varies by company, but I’m always sure to remind them that as soon as they take VC money, the clock starts ticking.
Bisnow
A magnitudinous confluence of the corporate return-to-work push, supply chain issues that appear to be worsening, rising interest rates and the realization that office space needs to be recently built or updated to be competitive is fueling a historic surge in renovations.
WSJ
Real estate has historically been a relatively safe haven for investment dollars—you buy, you live, you gain. Online real-estate platforms have held tight to this narrative amid a turbulent equity market, shaken first by a global pandemic and now by what seems to be a macroeconomic downturn. Should you believe them?
PlaceTech
Dan Drogman, CEO of Smart Spaces, and Ella Walter, innovation manager at GPE, discuss how GPE is approaching innovation and embracing technology in commercial real estate.
TechCrunch
During the worst days of the pandemic, when people were stuck at home and starving for some form of entertainment beyond streaming yet another TV series, many turned to DIY home improvement projects. With the home now a place for work, school and leisure all at once, the DIY home improvement market has grown so significantly that globally, it’s expected to reach $514.9 billion by 2028-end, up from $333.7 billion in 2021.
The Jerusalem Post
Israeli pre-construction AI and computer vision startup Firmus raised $4.5 million in seed funding, which will drive its vision to bring data-driven decision-making capabilities and AI-based risk management to the earliest stages of construction projects, the company announced on Sunday.
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