Real Estate AI Startup Raises $18 Million in Series A Round
Skyline AI, a real estate investment technology company, acquired $18 million in a Series A round led by Sequoia Capital and TLV Partners, with participation from JLL Spark, a division of JLL.
The goal of Skyline AI’s proprietary artificial intelligence and machine learning platform is to introduce supervised and unsupervised learning models into the entire commercial real estate acquisition and ownership process. According to the company, the platform utilizes the largest data pool in the industry to predict the value and future behavior of any institutional-grade asset in the US by detecting and exploiting market anomalies, identifying superior risk-reward investments, and discovering untapped value creation opportunities. The Skyline AI platform is also designed to provide continuous market data analysis and information during the entire ownership period.
Skyline plans to use the funding to expand platform integration to include additional asset classes and further cooperation with leading commercial real estate investment firms in the US.