Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • Smart Cities Need to Spend More on Security Tech, Study Suggests

    BLOOMBERG

    The world’s largest cities need to invest billions of additional dollars into their infrastructure in order to secure citizen data, new research suggests. Of the roughly $135 billion expected to be spent globally on cybersecurity for critical city infrastructure in 2024, 44% will be split across data protection provisions for energy, health care, public security, transport, water and waste industries, analyst group ABI Research concluded in a study published Tuesday….

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  • Openpath Solves a Massive Security Problem Facing Businesses: Tailgating

    OPENPATH

    Expands Partner Ecosystem with Video Surveillance and Analytics Providers Milestone, Density and Camio, and Turnstile/Parking System Provider Automatic Systems, to Solve Pressing Security Issues LOS ANGELES – August 22, 2019 – Openpath, a leader in modern mobile access control, announced their solution to tailgating — known as one of the biggest security vulnerabilities that buildings and workplaces face today. Tailgating occurs when a door is left open long enough for an unauthorized person t…

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  • Profitable By 2020: Industrious Raises $80M From Brookfield, Equinox

    BISNOW

    Coworking firm Industrious raised $80M in a new funding round with backing from Brookfield Properties Retail and Equinox, with whom it plans to partner on future locations. The funding also came from the Canada Pension Plan Investment Board, Riverwood Capital Partners, Wells Fargo Strategic Capital, Fifth Wall Capital and landlords TF Cornerstone and Granite Properties, Industrious announced in a release Thursday.

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  • AmazonFresh Introduces 1-Hour Delivery To 3 New Markets

    BISNOW

    AmazonFresh meet Houston, Minneapolis and Phoenix. Prime members in those cities can purchase fresh groceries and everyday essentials for free two-hour delivery from AmazonFresh beginning Thursday. A one-hour delivery option is also available.

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  • Co-working firms confident ahead of WeWork IPO

    THE REAL DEAL

    Executives at three co-working firms say they expect to see the industry grow despite a looming recession and questions about WeWork’s business model following the release of its IPO prospectus last week. “We’re not scared of a recession,” said Nick LiVigne, Convene’s head of product. “We think this is a sustainable model, whether that’s domestic or international.”…

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  • Will tech make realtors obsolete? Investors debate the future of real estate

    GEEKWIRE

    The real estate industry has undergone dramatic shifts over the past few years thanks to tech companies such as Zillow and Redfin, but some aspects of the industry haven’t changed in decades. Most transactions are still handled by a real estate agent, for example. Some venture capital investors think that will change with the next wave of real estate innovation.

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  • Waymo open-sources data set for autonomous vehicle multimodal sensors

    VENTUREBEAT

    Waymo, the Alphabet subsidiary that hopes to someday pepper roads with self-driving taxis, today pulled back the curtains on a portion of the data used to train the algorithms underpinning its cars: The Waymo Open Dataset. Waymo principal scientist Dragomir Anguelov claims it’s the largest multimodal sensor sample corpus for autonomous driving released to date.

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  • Watch: Top Real Estate Tech Venture Activity in July 2019

    CREtech

    Real Estate Tech Funding Recap. Get more insights and see Ashkán Zandieh, Chief Intelligence Officer, at the largest real estate tech conference, CREtech NYC 2019 – Oct 16-17. Learn more at cretech.com. As the summer months heat up, so does venture capital activity. The heatwave of venture funding continued in July 2019. Global investments in private real estate tech companies reached $1.97 billion, a 78 percent increase in venture capital funding since June ’19. During the same period, total de…

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  • Tech Companies Concede to Real Estate Relationships

    GLOBEST

    New moves from top real estate tech companies are revealing the importance of relationships, even in the digital age. Online real estate marketplaces, for example, are now participating in the home buying and selling process, and commercial real estate marketplaces are positioning themselves as tools for brokers, not a potential means to subvert brokerage entirely. “Technology firms come to realize eventually that where homes are concerned, relationships are impenetrable,” real estate expert …

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  • Knotel Crowned a Unicorn in Wake of Rival WeWork’s IPO Filing

    COMMERCIAL OBSERVER

    Flexible-workspace provider Knotel became the latest start-up to reach unicorn status after it closed on a $400 million funding round, a week after rival WeWorkfiled for an initial public offering (IPO) with a preliminary target of $1 billion. Knotel’s latest financing was led by the investment arm of the Kuwait government, Wafra, and the four-year-old company said it brings its valuation to more than $1 billion. Other participants in the fundraising round include Japan-based firms Mori Trust…

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