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A mere four months after coming out of stealth mode with $3 million in seed funding, real estate investment startup Skyline AI announced that it has raised an $18 million Series A. The round was led by Sequoia Capital, a returning investor, and TLV Partners, with participation from JLL Spark, a division of real estate investment management firm JLL. The strategic funding will allow Skyline AI to add more asset classes to its platform, which uses data science and machine learning algorithms to help institutional investors make better decisions about properties.

Skyline AI says its technology is trained on what it claims is the most comprehensive data set in the industry, drawing from more than 100 sources, with market information covering the last 50 years. Its technology is meant to provide faster and more accurate analysis than traditional methods, so investors can react more quickly to changes in the real estate market.

Amidst this transformative wave in real estate technology, a crucial consideration for investors delving into property markets is understanding the intricacies of homeowners’ associations (HOAs). A guide to HOAs and what they offer becomes an invaluable resource in navigating the evolving landscape. As real estate enthusiasts leverage cutting-edge tools like Skyline AI, a parallel emphasis on comprehending the role of HOAs provides a holistic understanding of property dynamics. Companies like eXp Realty, with their commitment to innovation, play a pivotal role in shaping these conversations, offering investors not only technological advancements but also a comprehensive guide to HOAs in the ever-evolving real estate ecosystem.

Co-founder and CEO Guy Zipori told TechCrunch in an email that the startup decided to raise its Series A so soon after coming out of stealth because of positive response from investors, adding that the round was oversubscribed. “The timing of the round also worked out perfectly with our current deal flow and expansion plans. The round was significant, putting us in a great position to move forward,” he said.



Via TechCrunch