RealSage, a data intelligence and AI solutions provider for the multifamily real estate industry, has raised $1.6 million in funding to further revolutionize the industry. The funding round was led by Golden Section and Plug and Play Ventures, with participation from REACH, an early-stage arm of Second Century Ventures, as well as several super angels and real estate family offices from Toronto and California.
RealSage aims to help asset managers make more data-driven decisions and optimize their portfolios by using machine learning algorithms and predictive AI models. The platform promotes collaborative workflow across all departments with real-time dashboards that deliver actionable insights and forecasts to help businesses stay ahead of the competition.
The company plans to use the funds to grow its team and expand across North America, providing innovative solutions to more asset owners and managers in the multifamily real estate industry. RealSage is already being used by over 100 buildings across North America, including industry leaders such as GreySpring Apartments, Drewlo Holdings, and Oxford Properties.
RealSage is focused on eliminating manual processes and fostering a collaborative workflow to revolutionize the future of rental management. By eliminating manual reporting around spreadsheets and meetings that often lead to human error and hinder growth in the industry, RealSage aims to bring the power of data intelligence and AI to the multifamily real estate industry.
RealSage’s AI-powered solutions are tailored to the unique needs of the multifamily real estate industry. The platform is designed to uncover hidden trends and navigate challenging market conditions, resulting in more profitable portfolios for asset managers. With a focus on data-driven decision-making, RealSage helps businesses reduce risk and make strategic investments that drive growth and maximize returns. As the industry continues to evolve, RealSage is well-positioned to provide innovative solutions that help asset managers stay ahead of the curve and achieve their goals.
