OJO Labs acquired $20.5 million in Series B funding. Investors in the round consist of a unique combination of real estate brokerage, financial, and home service leaders including Realogy Holdings Corp., Royal Bank of Canada, Northwestern Mutual Future Ventures, and ServiceMaster.
According to the company, OJO is the only AI-based assistant that can understand a user’s intent and preferences to answer real estate related questions. Used by real estate agents and brokerages, OJO is designed to provide 24/7 on-demand help to consumers with questions, home search needs, and mortgage information. By engaging consumers over time, OJO gleans key insights that it shares with real estate agents.
With this latest round of funding, OJO Labs plans to focus on growing its product, data science, and engineering teams.