News Archives | Page 623 of 1007 | CREtech
This week witnessed several relatively large deals in real estate tech venture capital. Most of this week’s capital went to companies that focus on lease process management, home improvement, parking management and smart key solutions. Porch, Seattle-based provider of a home improvement marketplace, raised $21 million as part of a Series C round. Porch matches customers with home services profes...
Recent studies have concluded that more than 25% of traffic congestion incidences around the world can be attributed to the scarcity of parking spaces, according to TrafficTechnologyToday.com. The cloud-based parking industry is growing more rapidly with the assistance of capital partners.
Changes that result from technological breakthroughs are not always positive. A couple of months ago, reading the article “Digital dystopia: how algorithms punish the poor,” which outlines technology’s ability to negatively impact the most vulnerable, made me reflect on the impact of technological innovations on the real estate industry.
The telecommunications industry is in the beginning stages of rolling out its fifth-generation (5G) standard for mobile service. It promises download speeds 100 times faster compared to the current 4G system, which will allow for increased connectivity between mobile devices. Because of that, it will be a game changer for our increasingly data-driven society. As a result, the rollout of 5G, which...
The future of smart city mobility dominated the conversation at this year’s CES show. With panelists, exhibitors and attendees abuzz about the latest advancements in flying taxis, autonomous shuttles and even grocery-carrying robots, we've recapped three main mobility takeaways from the event.
KeyMe, a US smart key company, closed a $35m financing round. The round was led by Brentwood Associates. The company intends to use the funds to scale its presence across the U.S. Launched in 2012 by Greg Marsh, Founder & CEO, KeyMe operates smart kiosks, which provide a variety of locksmith services, including key duplication for advanced electronic keys such as vehicle keys with transpond...
The global commercial real estate firm CBRE is teaming with the owner of the 1818 Market St. office tower on two stories of shared space at the Center City high-rise that would compete with the likes of WeWork. The 50,000-square-foot coworking space, which is set to open during the last three mon...
Dottid, a Dallas-based commercial real estate software-as-a-service technology platform, announced it has raised $3.85 million in seed funding. The proptech startup says it’s the first-of-its-kind to provide a singular location for owners, brokers, and tenants to seamlessly transact throughout the leasing process. Dottid said the funding will be used for product development and expansion, wit...
FlashParking, an Austin-based developer of parking management software and services, has raised $60 million in new financing from the private equity investment firm L Catterton. The company’s software, first launched in 2011, provides real-time data and variable pricing options for parking space providers. FlashParking’s CEO and co-founder, Juan Rodriguez, envisions...
Much has been written about the impact automation will have on the global workforce, with manufacturing and related occupations expected to be heavily affected. More recent studies, such as one from Brookings Institution that came out last year, suggest that higher-wage occupations will feel the impact as well.