This AI-based real estate startup just
raised $45M

OJO Labs created a virtual assistant for homebuying process

National /
Mar.March 19, 2019 05:30 PM

OJO Labs CEO John Berkowitz (Credit: BHGRE)

OJO Labs — which has developed an artificial intelligence-based assistant for the homebuying process — just raised $45 million in a Series C funding round.

The Austin-based company will use the money to expand and speed up its product development, the company said in a statement. Investors in the funding round include LiveOak Venture Partners, Realogy Holdings, Royal Bank of Canada and Northwestern Mutual Future Ventures.

OJO has a virtual assistant that seeks to help homebuyers and sellers through the home search and transaction process. The platform includes mobile messaging and a variety of web tools — including assistance with picking a neighborhood and financial guidance. Once a consumer is ready to start the process, OJO matches them with an agent.

So far, the product has been available in 12 U.S. markets and Toronto — and is now being rolled out nationwide. OJO has offices in Austin, Minneapolis-St. Paul and St. Lucia, with plans to expand its teams in each location. Specifically, the company hopes to grow its data science, engineering, product and design operations.

The company raised $20.5 million in a Series B round last year. Realogy, RBC and Northwestern Mutual Future Ventures participated in that round as well.

AI has had a growing presence among real estate startups and even traditional brokerages like Keller Williams.


Related Articles

arrow_forward_ios
Eric Gordon
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
R-L: Willow's Kevin Danehy, Era Ventures' Clelia Warburg Peters, Fifth Wall's Brad Greiwe and The Real Deal's Hiten Samtani (Photo by Paul Dilakian)
Real estate tech is coming for your business
Real estate tech is coming for your business
From left: PropTech's Thomas Hennessy and Joseph Beck; Appreciate's Chris Laurence (Appreciate, LinkedIn/Tom Hennessy, LinkedIn/Joseph Beck, iStock)
Single-family rental platform Appreciate to go public in SPAC deal
Single-family rental platform Appreciate to go public in SPAC deal
Buildots' Aviv Leibovici, Roy Danon and Yakir Sudry (Buildots)
Construction-tech firm Buildots raises $60M in Series C round
Construction-tech firm Buildots raises $60M in Series C round
Robert Reffkin, founder and CEO, Compass (Getty Images, iStock)
Compass reports $188M first-quarter loss, CFO’s resignation
Compass reports $188M first-quarter loss, CFO’s resignation
SmartRent's Lucas Haldeman (SmartRent, iStock, Illustration by Kevin Cifuentes for The Real Deal)
SmartRent’s losses widen as supply-chain crisis lingers
SmartRent’s losses widen as supply-chain crisis lingers
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...