Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Smart Cities World
UK-based Urban-Air Port and Hyundai Air Mobility have announced a partnership to explore the creation of a purpose-built, multi-functional and scalable infrastructure to enable urban transportation systems to move people and cargo by air. Hyundai forecasts the air mobility market will be worth nearly $1.5 trillion over the next 20 years but countries lack the appropriate ground infrastructure.
The Real Deal
On the heels of a $160 million funding round led by Airbnb, the short–term rental startup was plotting a massive expansion in the spring of 2019. … As of 2018, the global market value of the short–term rental industry was estimated at $169 billion, according to a Skift research report.
Venture Beat
StreetLight Data, a big data platform that helps cities unlock mobility insights from location data from smartphone apps, has raised $15 million in a series D round of funding. The raise comes as cities around the world are having to adapt to social distancing measures that require shifts in transportation — bikes over buses, for example….
Bisnow
Despite the commercial real estate industry’s increased adoption of technology during the coronavirus pandemic, many proptech founders and investors have lost confidence in the industry’s strength. A new survey from venture capital firm MetaProp, which received responses from more than 2,500 proptech executives and investors, found a significant drop in their confidence in the market.
Estates Gazette
As real estate’s global giants scramble to strategise their way out of and beyond the depths of a pandemic-fuelled crisis, they are calling on their best problem-solvers, digital gurus and data experts to lead the charge. If the sector’s tech stars weren’t front and centre pre-Covid-19, they certainly are now.
Crunchbase
Over the next few months, the modular office architect company, boosted by a $12.5 million Series A round of funding, will unveil three new architectural tools to help clients design adaptability and flexibility. Morten Meisner-Jensen and Brian Chen founded the company in 2018 with one product, the sound-proof phone booth. Over the past two years, the company gained $30 million in revenue and more than 3,000 customers, Chen said in an interview….
Bloomberg
Industrial robots are now being used to assemble everything from airplanes to smartphones, using human-like arms to mechanically repeat the same processes over and over, thousands of times a day with nanometric precision.
ATYPICAL
August 2020, New York – ATYPICAL is thrilled to announce their recognition as GOLD MAXI Award winners in partnership with Phillips Edison & Company (“PECO”) in the Innovation category. The award, a partnership between marketing and leasing, acknowledges the team’s innovative and atypical approach to the development of a series of digital marketing campaigns aimed at generating qualified leads for the PECO leasing team….
The Real Deal
Virtual brokerage eXp Realty’s profits surged to a record $8.3 million during the second quarter as homebuying was forced to go remote, the firm’s parent company said Wednesday.
Crunchbase
Boston-based Breezeway secured $8 million in Series A funding to help property managers cross those jobs off their list. “Safety is the biggest trend in travel right now, as COVID-19 means you have to be more detail-oriented about protocol,” Jeremy Gall, founder and CEO of Breezeway, told Crunchbase News. “We are providing property managers with tools to drive efficiency, get the right person to do the right job at the right time and validating, for us, that clients can get more done with less p…
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