Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CRETECH
We are excited to announce our virtual demo day webinar schedule for 2020. Tune in to our live virtual demo day webinars to experience demos from the most innovative tech companies in commercial real estate. Virtual demo day is the best way to discover startups that you need to know about without leaving your desk. Plus, they are free!
DIGITALTRENDS
Picture a tray. On the tray is an assortment of shapes: Some cubes, others spheres. The shapes are made from a variety of different materials and represent an assortment of sizes. In total there are, perhaps, eight objects. My question: “Looking at the objects, are there an equal number of large things and metal spheres?” It’s not a trick question. The fact that it sounds as if it is is proof positive of just how simple it actually is. It’s the kind of question that a preschooler could most like…
BISNOW
Although scores of tourists flock to the city each year, and occupancy in NYC hotels remains high compared to the U.S. average, the rate hoteliers reel in for rooms has been sliding for years. In 2019, New York City’s hotel occupancy rate dropped 1.2% from the year before, The New York Post reports, citing figures from hospitality data firm STR. Meanwhile, the industry’s leading performance metric, revenue per available room — known as RevPAR — dropped by 3.6%. Still, tens of thousands of rooms …
FINSMES
Trifo, a Santa Clara, California-based maker of smart home products, raised 15m in Series B funding. The round, which brought total funding raised to date to $26, was led by Yidu Cloud, Tsinghua AI Fund and Matrix Partners. The company intends to use the funds for continued hardware and software development on future Trifo AI home robots, U.S. and European market expansion, and talent acquisition. Led by Zhe Zhang, Founder and CEO, Trifo is a full stack AI home robot company which creates end-to…
VENTUREBEAT
AI is no longer poised to change the world someday; it’s changing the world now. As we begin a new year and decade, VentureBeat turned to some of the keenest minds in AI to revisit progress made in 2019 and look ahead to how machine learning will mature in 2020. We spoke with PyTorch creator Soumith Chintala, University of California professor Celeste Kidd, Google AI chief Jeff Dean, Nvidia director of machine learning research Anima Anandkumar, and IBM Research director Dario Gil.
WSJ
The discounts and freebies many tech startups have used to lure customers—free lunch delivery, $3 beauty products and bargain taxi rides—have fallen out of favor with investors who are losing patience with the failure of these companies to turn a profit. The proliferation of subsidized products and services from venture-capital-backed startups over the past decade reflected a rush by investors to fund the next behemoth consumer-tech company. The thesis: Create a market leader with loyal customer…
GREENBIZ
It’s not easy to make the transparent visible, particularly when it comes to infrastructure. It’s easy to take the mundane for granted except for when things go wrong: our cell phone networks; the modern electrical grid that has been around for more than 100 years; our water and sewage systems; and especially the buildings we spend most of our lives inside of. The building you call home, or the one you call your office — the building you are sitting in at this very moment —has a huge impact o…
TECHCRUNCH
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. It’s finally 2020, the year that should bring us a direct listing from home-sharing giant Airbnb, a technology company valued at tens of billions of dollars. The company’s flotation will be a key event in this coming year’s technology exit market. Expect the NYSE and Nasdaq to compete for the listing, bankers to queue to take part, and endless media coverage. Given that that’s a…
CRETECH
North America has long been the leader of the proptech universe. While the U.S. has a greater number of proptech companies and a higher dollar volume, the entrepreneurial bug is spreading across Europe’s real estate industry, creating a new generation of real estate professionals and innovative companies. Over the past decade, the European proptech market has witnessed a significant rise in venture capital investments. A total of $1.98 billion was invested across 243 deals in 2019, which is a s…
CRUNCHBASE
The complexities around the buying and selling of residential real estate has spawned a multitude of startups here in the United States. But those complexities extend beyond this country, and so do the startups out there trying to tackle them. As evidence of that, this morning, Brazilian digital real estate platform Loft announced it has closed on $175 million in Series C funding co-led by Vulcan Capital and Andreessen Horowitz (a16z). QED Investors, Fifth Wall Ventures, Thrive Capital, Valor Ca…
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