Skyline AI raises $3M from Sequoia Capital to help real estate investors make better decisions
Summary
Skyline AI , an Israeli startup that uses machine learning to help real estate investors identify promising properties, announced today that it has raised $3 million in seed funding from Sequoia Capital.Founded in 2017 and headquartered in Tel Aviv, Skyline AI predicts future property values and also analyzes the real estate market to help investors make important decisions such as when to raise rents, renovate or sell.Skyline AI wants to take the guesswork out of investment decisions by training its technology on what it claims is the most comprehensive dataset in the industry, drawing on more than 130 sources and analyzing over 10,000 attributes on each data asset for the last 50 years.In a statement, Sequoia Capital partner Haim Sadger said “The promise of AI to transform commercial real estate investments cannot be understated.The power of Skyline AI technology to understand vast amounts of data that affect real estate transactions, will unlock billions of dollars in untapped value.”