News Archives | Page 656 of 1007 | CREtech
REX, an Austin-based licensed residential real estate brokerage using AI and big data, has raised another $40 million in what it describes as a “C1” round. The financing, an add-on from its $45 million Series C in January, brings the startup’s total raised since its inception in late 2015 to $115 million, according to Crunchbase data. A group of private investors including Sun Microsystem...
The commercial real estate industry is undergoing a much-needed digital transformation, but John Helm, managing director of RET Ventures, thinks more investment is needed. “If you look at the data, most of the money is being funneled into just a few late-stage companies and sectors, such as co-working, construction and consumer-oriented categories,” he says. Helm thinks innovators need to lo...
SoftBank’s embattled Vision Fund isn’t done trying to mint new tech unicorns—if it looks like they’re at least close to turning a profit. Missouri-based EquipmentShare is in talks to raise at least $150 million in a new funding round led by SoftBank, according to prospectus documents viewed by Forbes. These indicate that the new round, if completed,...
A new era of technology has ensured that the contemporary customer expects real-time, on-demand services, readily available at their fingertips. As customer experience (CX) expectations grow, businesses are adopting value-over-volume and people-centric approaches to stay competitive. Within the facilities management function of the commercial real estate sector, which traditionally focused on phys...
Ten-X Commercial, an online real estate transaction platform, laid off half its workforce after efforts to sell the company fell through. Close to 100 employees in offices in Texas, New York and California were given notice on Monday morning during a call with executives, according to people on the call and those familiar with the matter. Thomas H. Lee Partners, the private equity firm that owns...
A secretive startup backed by Bill Gates has achieved a solar breakthrough aimed at saving the planet. Heliogen, a clean energy company that emerged from stealth mode on Tuesday, said it has discovered a way to use artificial intelligence and a field of mirrors to reflect so much sunlight that it ...
Joe Fraiman is the president and co-founder of Lyric, a real estate and hospitality startup that provides lodging to business travelers through partnerships with multifamily developers. Fraiman founded Lyric in 2014 with CEO Andrew Kitchell. In April, the company announced a Series B round of $160M led by Airbnb, RXR Realty and Tishman Speyer, bringing its total funding to about $180M. The son an...
Here are two interesting fun facts to chew over, ripped from the pages of a recent 1,000-worker survey sponsored by Hana, the flex-space provider launched last year by CBRE: Fun Fact #1: “Among professionals, 70% said the flexibility to work remotely is a must-have when considering a new job.” Fun Fact #2: Eighty-three percent of those responding to the survey “say they enjoy going to the o...
Urban Compass Inc., a SoftBank-backed real-estate brokerage company, announced Tuesday that it had acquired an artificial-intelligence startup to help improve the buying and selling process for its agents and their clients. The company, known as Compass, said it purchased New York-based Detectica Inc. last month for an undisclosed sum.
It should have been a hard sell. Public markets had received Uber and Lyft’s IPOs poorly in the spring given the services’ lack of profitability. By fall, WeWork’s IPO was collapsing as it continued to burn money on its business of leasing properties and turning them into co-working spaces. But Bungalow’s cofounder and CEO Andrew Collins believed his co-living business—which uses a simil...