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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  • AI Is Already Disrupting Apartment Leasing

    GLOBEST

    Artificial intelligence tools for commercial real estate are already here, and they are disrupting apartment leasing. AppFolio’s new digital leasing assistant Lisa, is one example of what is possible through AI tools. The assistant is able to take a tenant through the early stages of apartment leasing, answering questions and carrying on conversations in real time. For brokers and property owners going through lease up, the benefits are substantial.

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  • This new autonomous startup has designed its delivery robot to conquer winter

    TECHCRUNCH

    Refraction, a new autonomous delivery robot company that came out of stealth Wednesday at TC Sessions: Mobility, sees opportunity in areas most AV startups are avoiding: regions with the worst weather. The company, founded by University of Michigan professors Matthew Johnson-Roberson and Ram Vasudevan, calls its REV-1 delivery robot the “Goldilocks of autonomous vehicles.” The pair have a long history with autonomous vehicles. Johnson-Roberson got his start by participating in the DARPA Gr…

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  • The juiciest claims in the Realogy v Compass lawsuit

    THE REAL DEAL

    The incendiary lawsuit Realogy filed Wednesday accuses Compass of “illicit” business practices, “predatory” poaching and attempts at price-fixing. The 68-page suit, filed in New York State Supreme Court, provides a raft of detailed examples for how the $4.4 billion Softbank-backed firm allegedly operates — from making “inflated” job offers to flouting co-brokerage rules. In a statement, a Compass spokesperson said its competitors are “using the court system to stifle competition” and noted th…

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  • Zillow Group and Compass settle no-compete dispute between real estate heavyweights

    GEEKWIRE

    Zillow Group and Compass have settled a pair of lawsuits that accused the SoftBank-backed high-tech brokerage of stealing Zillow intellectual property and poaching employees with non-compete agreements. The two companies submitted a “stipulation and proposed order of dismissal with prejudice” in federal court Wednesday morning, agreeing to each pay their own attorney fees. Dismissal with prejudice means that the case is essentially over, as Zillow will not be able to file the claim again in t…

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  • Matterport acquires AI special effects startup Arraiy

    TECHCRUNCH

    Real estate computer vision platform startup Matterport is set to acquire Arraiy, an AI startup aiming to automate special effects processing in film. Arraiy raised $13.9 million according to Crunchbase, most recently a $10 million Series A in March of 2018. Lux Capital and SoftBank Ventures Asia led the round. Lux Capital notably also led Matterport’s Series A back in 2013. In comparison, Matterport has raised about $114 million to date….

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  • Integra Launches Blockchain Integration Wizard; Links With Elevate For eSignatures

    ARTIFICIAL LAWYER

    Legal blockchain company, Integra Ledger, has launched a Blockchain Integration Wizard – which aims to makes it easy to integrate data derived from any source inside a law firm or legal team with a blockchain layer. The launch comes with the news that Elevate Services, the fast-growing law company, is now using Integra’s blockchain tech in relation to eSignatures on live client matters.

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  • Amazon’s Latest Experiment: Retraining Its Work Force

    NEW YORK TIMES

    As automation technology has leapt ahead, workers increasingly worry about losing their jobs to robots and algorithms. Economists dismiss those concerns, by and large, arguing that workers can grab higher-skilled jobs with better wages. Amazon may soon find out who is right. The e-commerce giant said Thursday that it planned to spend $700 million to retrain about a third of its American workers to do more high-tech tasks, an acknowledgment that advances in technology are remaking jobs in nearl…

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  • Construction tech startups fueled by recent investments

    CONSTRUCTION DIVE

    When an industry is called out in The Wall Street Journal, investors take notice. Last week, the Journal proclaimed that venture capitalists are “pouring money” into startups that leverage technology to make commercial and residential construction faster and easier. Quoting from a recent report from research company CREtech, the Journal reported that investment in private contech firms increased from $352 million in 2016 to more than $6 billion in 2018. As of the end of June, investments tota…

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  • Airbnb competitor Sonder confirms new investment, $1B+ valuation

    TECHCRUNCH

    Sonder, which rents serviced apartments akin to boutique hotels, has raised $225 million at a valuation north of $1 billion, the company announced this morning. News of the round, which brings Sonder’s total raised to date to more than $400 million, follows an April report from The Wall Street Journal that the business was closing in on its unicorn round. Valor Equity, Westcap and Nicolas Pritzker via Tao Capital Partners have co-led the round with participation from Fidelity, Atreides Capital…

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  • Blockchain Use in Real Estate

    GLOBEST

    Blockchain, an innovative technology which was first developed in 2008, is gaining momentum across industries. According to Investopedia, “blockchain is a distributed, decentralized, public ledger.” Its use cases are rapidly growing and the real estate industry can also benefit from its application.

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