French start-up Upfund has successfully raised €1.3 million in a financing round, backed by Bpifrance, CDG Invest, MNF Ventures, and business angels from the technology and real estate sectors. The funding will be used to further develop Upfund’s GeoAI technology, with the aim of revolutionizing the commercial real estate industry.
Upfund specializes in data analysis and artificial intelligence for commercial real estate. Its GeoAI technology provides real-time analysis and mapping of complex data, offering precise geospatial insights to investors, real estate agents, and other industry professionals. The goal is to improve transparency and accessibility in the market, which is valued at $7.2 trillion.
CEO Mehdi Bakkali emphasizes the importance of structured data for successful AI implementation, stating that “there is no AI without data.” He highlights the need for the real estate sector to adapt quickly in order to stay competitive in a rapidly changing environment.
Co-founder and COO Bereme Lardjane explains that Upfund’s mission is to eliminate the opacity of the commercial real estate market by providing reliable and accessible data. The company aims to build a trusted market through data.
Upfund, founded in 2022, positions itself as the “Bloomberg of real estate.” This recent funding will allow the start-up to enhance its analysis tools and expand the functionalities of its platform. The ultimate goal is to contribute to the digital transformation of the rapidly evolving commercial real estate sector.
With Upfund’s GeoAI technology, the commercial real estate industry can expect greater transparency, accessibility, and efficiency. As technology continues to advance, the importance of data-driven insights becomes increasingly apparent. This funding round is a significant step towards achieving these objectives, and Upfund is well-positioned to lead the way in revolutionizing the industry.
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