Real estate investment technology provider Skyline AI is raising $18 million in a Series A round of funding from Sequoia Capital and TLV Partners with participation from JLL Spark, a division of JLL and others.
The company, which combines its proprietary artificial intelligence technology with data science to help real estate investors, said it plans to use the new funds to expand its platform integration to include additional asset classes and further cooperation with the leading commercial real estate investment firms in the U.S.
The round comes just four months after Skyline AI landed $3 million in seed funding, and brings its total to $21 million.
Skyline AI’s AI and machine learning platform creates both supervised and unsupervised learning models for commercial real estate acquisition and ownership. The platform draws on one of the biggest data pools in the real estate industry to ascertain the value and also the future behavior of commercial real estate assets. The idea is that investors can use the platform to spot and exploit any market anomalies, find superior risk-reward investments, and discover untapped value creation opportunities. Skyline AI also offers continuous market analysis.
“Commercial real estate is coming out of the dark ages when it comes to technology” said Guy Zipori, Co-Founder and CEO of Skyline AI. “We developed a platform that injects advanced AI directly into the core of the acquisition and ownership process, leveraging the largest data set in the industry to predict the performance of any asset in the US. We provide our partners and investors with cutting edge asset analysis in the shortest amount of time, adding value to any commercial real estate investment, on or off the market.”
“On the heels of launching our one hundred million dollar JLL Spark Global Venture Fund, we are excited that Skyline AI is one of our first investments” said Yishai Lerner, Co-CEO of JLL Spark. “When we saw what the Skyline AI platform could do, we knew immediately that their technology is going to play a significant role in the commercial real estate investment market. JLL wants to be at the forefront of leveraging advanced technology for our clients and for the industry, and the Skyline AI team has the expertise and vision to complement JLL’s commitment to innovation.”