Latest Trends and Insights in Real Estate Technology

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  • Kone monetizes connected elevators with Alexa, music-streaming, and digital displays

    VENTUREBEAT

    Elevators of the future will have “virtual windows,” voice-activated controls, music-streaming, and more — that’s if Kone has its way, at least. The Finnish engineering giant, best known for autowalks, automatic doors, escalators, and — yes — elevators, unveiled its grand vision at an event in London yesterday. For its endeavor, Kone has taken a cue from the automobile industry, which has increasingly platformized with connected services spanning diagnostics, entertainment, navigation, food deli…

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  • SoFi founder Mike Cagney’s already well-funded new startup is raising another $100 million

    TECHCRUNCH

    Figure Technologies, a nearly two-year-old, San Francisco-based fintech cofounded by Mike Cagney, the founder of the more established fintechcompany SoFi, is raising a whole lot of money — again. By February of this year, Figure had already raised $120 million in equity funding from a gaggle of investors, including RPM Ventures, partners at DST Global, Ribbit Capital, DCM, DCG, Nimble Ventures, and Morgan Creek. In May, it announced that it had closed an up to $1 billion uncommitted asset-based…

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  • Hospitality unicorn startup Oyo raises $6.9 million in debt funding from MyPreferred Transformation; to upgrade quality of living spaces in India

    INDIANWIRE

    Oyo, a hospitality unicorn startup, has secured $6.9 million (approx INR 50 crore) in debt funding from MyPreferred Transformation, a joint venture between Oyo, Avendus Finance, and Japan-based SoftBank, reported Inc42. The Gurugram-based unicorn startup will be utilizing the infused financials to lift up the quality of the living spaces by commencing more affordable housing for the Indian customers.

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  • Report ranks world’s most innovation-friendly cities

    SMARTCITIESWORLD

    New York tops the 12th annual list of the world’s most innovative cities, compiled by 2thinknow. The Big Apple leapfrogged last year’s leaders, Tokyo, London and San Francisco. 2thinknow said New York had embraced a “more human and sustainable lifestyle, start-up economy and new smart technologies” and was the winner despite Tokyo’s tech edge in burgeoning fields like robotics. New York’s Hudson Yards development and High Line park are symbols of how the city is managing to forge “a new way in i…

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  • Iotic Raises £6.5M in Funding For Digital Twin Technology

    FINSMES

    Iotic, a London, UK-based Digital Twin Technology company, raised €7.5m in funding. Backers included IQ Capital, Talis Capital and Breed Reply. The company intends to use the funds to drive rapid deployment, deepen channel partnerships and expand market adoption of its patented Iotic Operating Environment, Twin technology and Event Analytics platform.

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  • “I hope that everyone comes back”: Evicted co-working firm reopens Sixth Avenue space

    THEREALDEAL

    A week after being evicted from a Sixth Avenue office building, a c-oworking firm has told its members to return. Corporate Suites says it has settled a nonpayment dispute with its landlord at 1001 Sixth Avenue. The firm’s tenants received an unwelcome visit last Friday from the New York City Marshal, who instructed dozens of people to clear two floors in the building. One business owner previously told The Real Deal he was given 15 minutes to pack his belongings and leave.

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  • How Rossum is using deep learning to extract data from any document

    VENTUREBEAT

    The equivalent of over 100 human lifetimes is spent globally each day on data entry from invoices alone, according to Czech AI startup Rossum. And that is why the company is using deep learning technology to help businesses ditch manual data entry altogether, freeing up humans to focus on more complex or creative tasks.

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  • French fintech Virgil gets €2.1 million to help millennials purchase homes

    TECHEU

    Virgil, the French fintech supporting millennial home ownership, has raised €2.1 million from Alven Capital, LocalGlobe, Kima Ventures, and a group of angel investors. Owning a dream home is becoming more of a pipedream, especially for a generation that started careers in an economic downturn, working in cities where cost of living is on the constant rise. In Paris, the price per square metre has increased by 150 percent since 2000, while disposable incomes haven’t budged. This is a barrier the …

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  • WeWork’s New Normal: Trying To Fill The Huge Spaces From Its Pre-IPO Leasing Binge

    BISNOW

    As WeWork tries to right its ship following its disastrous IPO attempt, it is opening several large, new spaces in the D.C. market that will add hundreds of thousands of square feet to its portfolio. As it attempts to fill those spaces, it will do so with a radically different corporate outlook: The company is laying off 2,400 employees, has a new chairman and co-CEOs and is grappling with mounting losses: $1.25B in the third quarter alone.   WeWork has signed eight new D.C.-area leases totaling…

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  • Testing Sanctuary, ‘the most personal, immersive wellness studio experience in the universe’

    GEEKWIRE

    For 80 minutes on Thursday, in the midst of another busy day at work, I was transported to a different world. The ambient music and house-blended tea put me in the mood. The 84-degree room set the stage for physical and mental exercise with my virtual yoga instructor. And a luxurious shower, complete with botanical shampoo and egyptian towels, helped prepare me for re-entry into reality.

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