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Roomi, an online roommate finder that clinched market share by snatching up its competitors, is laying off more than half of its staff after a failed funding round.
The layoffs were announced Friday in an update to a CNN profile of Roomi’s founder Ajay Yadav and the startup.
Venture capitalists have been aggressive in their bets on the latest commercial real estate tech startups seeking to transform the industry.
In September alone, a whopping $2.7B in venture capital funneled into 45 PropTech startups, up 12.5% from the $1.17B invested in 40 companies in August, according to data from RETech.net.
WeWork launched a new real estate investment fund and is close to buying a massive development site in Austin, Texas, according to sources familiar with the matter.
The private fund, dubbed ARK, will be sponsored by WeWork and managed independently from WeWork Property Advisors, an investment vehicle the co-working company has been running in partnership with private equity firm Rhone Group.
WASHINGTON (Reuters) - Uber Technologies Inc has asked Pennsylvania for permission to resume self-driving car testing on public roads and has improved the autonomous vehicle software, the company said on Friday, more than seven months after it suspended testing following a deadly crash in Arizona.
When Tesla Inc. TSLA 0.62% Chief Executive Elon Musk said the car maker would work around the clock to boost production of its Model 3 sedan,...
Some co-working companies aren’t happy about CBRE’s new flexible workspace venture.
The brokerage announced on Wednesday that it will start inking property management agreements with landlords to provide flexible office space to large corporate clients. But some of C...
NEWARK, NJ—FinTech startup StackSource—which wants to disrupt the traditional and paper-laden commercial real estate finance industry by offering a one-stop online lending platform that compares multiple loan options for real estate developers—has received $200,000 from a leading early state venture fund in Newark, NJ.
SoftBank's Vision Fund, the $100B venture capital vehicle backed by $45B in Saudi Arabian money, has made another major investment into a commercial real estate business.
The fund has invested $1.1B into View Inc., the maker of View Dynamic Glass, smart window technology that allows the owner of a building to adjust how much light and glare a window lets in.
Tech start-ups are rapidly arriving in the real estate industry, ready to solve a host of problems and enhance efficiency and productivity. At RealShare Apartments this week, emerging tech companies competed in Apartments Tech Tank—a Shark Tank-style demonstration. Domuso, Cloud Keyz, Smart Rent and One Spot Tech presented to fo...