Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GlobeSt
Commercial real estate property tours have joined the “entertainment age” as more and more companies are shooting breath-taking drone videos to create a “wow” factor when promoting their space. “We don’t live in the information age any more, we live in the entertainment age,” Brad Smith, Associate Director, Investment Sales, Walker & Dunlop, tells GlobeSt.
The Real Deal
Industrious has hired former WeWork executive Craig Robinson as its chief growth officer, the flex-office provider told The Real Deal. Robinson’s hiring comes about two months after the flex-office startup hired a new chief operating officer, whose responsibilities include preparing the company for its expected initial public offering.
TechCrunch
42dot, a South Korea-based autonomous transportation-as-a-service (TaaS) startup, announced today it has raised $88.5 million (104 billion WON) in a Series A round of funding to advance its urban mobility operating system (UMOS). The Series A brings the startup’s total raised so far to $130.1 million. The company valuation is now estimated at $425 million (500 billion WON), a source familiar with the matter said. A spokesperson at 42dot declined to comment on the valuation. …
VentureBeat
Like all other elements in the enterprise, the warehouse management stack is becoming increasingly automated and more intelligent by the day. Despite this, the technology is not only focused on the warehouse floor and the needs of an expanding robotics workforce.
Crunchbase News
With cybersecurity investment spiking to never before seen levels, it is easy to become singularly focused on the large amounts of money U.S.-based companies are seeing.
Geekwire
A day ahead of its third quarter earnings report, Zillow Group’s stock took a hit on Wall Street as a new analyst report highlighted how many homes purchased by the company are now underwater. Class A shares of Zillow Group stock were down 8.6% on Monday to close at $96.62. The latest dive comes two weeks after the Seattle-based real estate company announced that it would not sign any new contracts to buy homes via its home-buying and selling service Zillow Offers. The company blamed a “ba…
CREtech
Ross Rudd, Director of Technology and Innovation at Bridge Investment Group discusses how Bridge Investment Group uses technology as a differentiator with specific focus on solar, ESG, and non-invasive safety technology specific to the senior housing vertical.
TechCrunch
Mosaic Building Group, a Phoenix, Arizona-based construction tech startup, has raised $44 million in a Series B funding round led by Peak State Ventures. New investors Starwood Capital, invisionAZ, Tekfen Ventures and Brightstone also put money in the round. They joined previous backers Andreessen Horowitz (a16z), Building Ventures, Innovation Endeavors, 8VC and Founders Fund, bringing Mosaic’s total funding to $68.75 million since its 2015 inception….
CREtech
CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, hosted its debut London conference on the 27th and 28th of October to extraordinary reviews and attendees feedback. This event was the first for CREtech in London since it’s acquisition of FUTURE PropTech in 2019.
PR Newswire
Navitas Capital, a premier early-stage venture capital firm at the forefront of transformative real estate and construction technologies, today announced the closing of its third fund with $160 million – 60% above initial commitment target. Founded in 2009, Navitas provides foundational capital, domain expertise and market access to world-class founding teams through a unique and highly aligned approach. Its third fund again seeks to take significant ownership stakes and build a concentrated …
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