BuiltAI, an AI platform for the commercial real estate market, has closed a £2 million seed round led by former Apple/DataTiger executives Philipp Mohr and Puli Liyanagama and supported by MMC Ventures, Plug and Play and an InnovateUK Smart Grant.
The new funds will fuel BuiltAI’s R&D and product growth – including furthering its AI geospatial analytics platform and extending its customer acquisition in the UK and Europe.
The deeptech company is developing AI inference technology that delivers radical transparency to the commercial real estate market in order to inform better, quicker investment decisions by players in the market.
Built AI’s proprietary algorithms can create granular ‘street level’ insights on any property and location from sparsely-populated and disparate datasets that are pervasive in the industry. Built AI’s vision is to create a ‘live’ digital snapshot of the country’s real estate assets that can be used to virtually model investment scenarios across entire portfolios.
