Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
TECHCRUNCH
Augmented reality technology did not, it turns out, light the touch paper on a booming new industry. What we got instead were a few cute applications on smartphones and devices like Microsoft’s HoloLens, which has seen pretty limited success. Where AR has proved that it may have a future is in industry, allowing workers to look at plans whilst they assemble something, for instance.
VENTUREBEAT
Cesium has created a way for construction sites to collect and channel their visual data so that it can be useful for keeping tabs on a construction project’s progress. And now it has a partnership with construction equipment manufacturer Komatsu.
CRUNCHBASE
Austin-based supply chain tech startup Overhaul raised $17.5 million in a new round of funding, the company announced Tuesday. The latest round, which was led by Edison Partners, brings Overhaul’s total funding to $27.5 million. Overhaul last raised money in May 2019, when it landed $7 million in a round led by Abbey International Finance. The firm also led the company’s $4.5 million seed round in December 2017, according to Crunchbase.
PLACETECH
he opening drinks reception at this year’s FUTURE PropTech in London in May will be co-hosted by PlaceTech and essensys, the provider of mission critical software-as-a-service to the flexible workspace market. During the two-day conference that follows, essensys will be among the companies taking part in sessions on stage. This year’s FUTURE PropTech is due to begin on the evening of Tuesday 12 May and conference and exhibition take place over the following two days, 13-14 May.
BLOOMBERG
Google’s cloud arm is partnering with AT&T Inc. on a suite of business products to be delivered over 5G networks, the latest tie-up between tech giants and wireless carriers hoping to capitalize on the rollout of faster connectivity. The Alphabet Inc. unit and AT&T said Thursday they were testing products designed to bring software and data services to fifth-generation, or 5G, customers, an initiative targeting sectors including retail, manufacturing and transportation.
BENZINGA
Technology has changed every industry except real estate, until now. Homie, a full-service real estate tech company, is now ready to save Las Vegans millions of dollars in excessive real estate fees and commissions when they buy or sell their homes. The expansion into other U.S. markets comes on the heels of a $23 million Series B round of funding earlier this year. The fast-growing company has already saved consumers $55 million in real estate commissions and helped consumers buy and sell over …
THEREALDEAL
Indian hotel company Oyo is joining several U.S. companies in a bid to grow its vacation-home rental business in the U.S., according to the Wall Street Journal. The model involves either managing vacation-home rentals on behalf of owners or renting out apartments, which can then be sub-leased to travelers.
BELFASTTELEGRAPH
A New York-based commercial property company is set to open a new software development centre in Belfast, creating 25 jobs. Economy Minister Diane Dodds met SquareFoot in the Big Apple to mark the announcement at the start of her week-long visit to the US.
WASHINGTONPOST
AUSTIN — Tim Shea is counting the days until he can move into a new 3-D-printed house. Shea, 69, will be the first to live in one of six such rentals created by what some in the housing industry call a futuristic approach that could revolutionize home construction.
PROXYCLICK
It’s no secret that we’re experiencing rapid technological changes across all industries, making our lives easier and businesses more efficient. CREtech (commercial real estate technology), also known as proptech (property technology), has seen a significant boom with more and more startups focused on digitizing aspects of the commercial real estate market.
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