News Archives | Page 631 of 1007 | CREtech

Although scores of tourists flock to the city each year, and occupancy in NYC hotels remains high compared to the U.S. average, the rate hoteliers reel in for rooms has been sliding for years. In 2019, New York City’s hotel occupancy rate dropped 1.2% from the year before, The New York Post reports, citing figures from hospitality data firm STR. Meanwhile, the industry's leading performance ...

Trifo, a Santa Clara, California-based maker of smart home products, raised 15m in Series B funding. The round, which brought total funding raised to date to $26, was led by Yidu Cloud, Tsinghua AI Fund and Matrix Partners. The company intends to use the funds for continued hardware and software development on future Trifo AI home robots, U.S. and European market expansion, and talent acquisitio...

AI is no longer poised to change the world someday; it’s changing the world now. As we begin a new year and decade, VentureBeat turned to some of the keenest minds in AI to revisit progress made in 2019 and look ahead to how machine learning will mature in 2020. We spoke with PyTorch creator Soumith Chintala, University of California professor Celeste Kidd, Google AI chief Jeff Dean, Nvidia dire...

The discounts and freebies many tech startups have used to lure customers—free lunch delivery, $3 beauty products and bargain taxi rides—have fallen out of favor with investors who are losing patience with the failure of these companies to turn a profit. The proliferation of subsidized products and services from venture-capital-backed startups over the past decade reflected a rush by investor...

It’s not easy to make the transparent visible, particularly when it comes to infrastructure. It’s easy to take the mundane for granted except for when things go wrong: our cell phone networks; the modern electrical grid that has been around for more than 100 years; our water and sewage systems; and especially the buildings we spend most of our lives inside of. The building you call home, or...

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. It’s finally 2020, the year that should bring us a direct listing from home-sharing giant Airbnb, a technology company valued at tens of billions of dollars. The company’s flotation will be a key event ...

North America has long been the leader of the proptech universe. While the U.S. has a greater number of proptech companies and a higher dollar volume,  the entrepreneurial bug is spreading across Europe’s real estate industry, creating a new generation of real estate professionals and innovative companies. Over the past decade, the European proptech market has witnessed a significant rise in v...

The complexities around the buying and selling of residential real estate has spawned a multitude of startups here in the United States. But those complexities extend beyond this country, and so do the startups out there trying to tackle them. As evidence of that, this morning, Brazilian digital real estate platform Loft announced it has closed on $175 million in Series C funding co-led by Vulcan...

Prologis, the country’s largest owner of industrial space, dropped $21.5 million for a warehouse in Ridgewood, Queens — at least its third acquisition in the area this year, property records show. The real estate investment trust bought the 120,000-square-foot warehouse at 24 Woodward Avenue between Metropolitan and Flushing Avenues from Willowen Management Corp. in a deal that closed on Mond...

Here at Crunchbase News, we write about a lot of funding rounds and the investors leading them. Most of the time, those investors tend to be venture capitalists, but a growing number have been private equity firms. I’ve seen the names of private equity firms pop up in some of the funding rounds I’ve covered, but I started thinking about it more after attending a dinner hosted by