Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
Cities around the world are butting up against an intractable problem as they emerge from their coronavirus lockdowns: It is almost impossible to make their mass transit systems comply with social distancing during the rush-hour crush.
Bloomberg
A corporate-housing startup backed by Airbnb Inc. has raised money at roughly half the valuation it commanded five months ago, as the coronavirus pandemic ravages the lodging industry. Zeus Living Inc. raised about $15 million in equity and debt at a valuation of about $110 million from existing investors CEAS Investments I, Initialized Capital Management and Soros Fund Management, according to people familiar with the matter….
CREtech
Ahead of its earnings report today, shares of Uber rose around 11%, buoyed by a set of financial results and promises about the future from Lyft that were rated highly by investors. That optimism lapped over the edges onto Uber….
GeekWire
As many tech startups cut staff and figure out how to survive during the COVID-19 crisis, Knock is doing just the opposite. The Seattle startup today announced a $12 million Series B investment round led by Madrona Venture Group, with participation from Lead Edge Capital and Seven Peaks Ventures.
Business Wire
PointCentral, an Alarm.com (Nasdaq: ALRM) company, has acquired New York-based Doorport, Inc. With the acquisition, PointCentral will add a unique smart intercom capability to the PointCentral Smart Property Management solution. Doorport’s innovative smart intercom solution improves building access security and convenience at multifamily properties for residents, guests, property managers, and delivery personnel. The acquisition accelerates PointCentral’s push to provide a complete IoT solution …
TechCrunch
Autotech Ventures popped on the scene three years ago with a $120 million debut fund and a plan to invest in early-stage ground transportation startups. Now, with investments in 26 startups and a handful of exits, including Xnor.ai, DeepScale and Frontier Car Group, the venture firm is back with a new, bigger fund and the same strategy….
Foreign Policy
Cities are at the center of this pandemic, as they have been during so many plagues in history. The virus originated in a crowded city in central China. It spread between cities and has taken the most lives in cities. New York has become the world’s saddest, most dismal viral hotspot.
TechCrunch
“Assembly” may sound like one of the simpler tests in the manufacturing process, but as anyone who’s ever put together a piece of flat-pack furniture knows, it can be surprisingly (and frustratingly) complex. Invisible AI is a startup that aims to monitor people doing assembly tasks using computer vision, helping maintain safety and efficiency — without succumbing to the obvious all-seeing-eye pitfalls. A $3.6 million seed round ought to help get them going….
Rise Buildings
Rise Buildings, a property operations and occupant experience platform that manages daily operations and activities for building staff and occupants, announced today that it is partnering with LifeStart to stream a wide variety of at-home programming to tenants and occupants of all buildings powered by Rise technology, at zero cost….
CREtech
The global pandemic has exerted unprecedented disruption in just a few months across multiple countries, economies, real estate companies and more. Public and private financial markets have been met with extreme volatility and many of today’s real estate tech startups, their clients, and financial backers are left trying to figure out how to survive and mitigate risk.
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