Condense three days of research into
five minutes. Source potential new
deals, quickly run comps for thousands of properties, identify in
Opportunity Zones, find a franchise
that is up for sale and rapidly research
commercial refinance deals. All of the
data necessary to complete that to-do
list is available on Reonomy’s data platform. Staffed by talent who are commercial real estate veterans, data scientists, and platform designers, Reonomy
uses a high-level of science to analyze data patterns and just to be
sure, it also executes its output through strict, repeatable validation steps.
All told, the system has uncovered ownership information for
over 49 million commercial properties across the US. With
Reonomy’s data platform, one can also see a commercial property’s sales history, zoning information, loan history, sales information, operating income and debt information.
Co-founded by CEO Richard Sarkis and Charlie Oshman in
2013, the platform has attracted millions of dollars in funding
from the likes of debt investor Silicon Valley Bank, SoftBank,
Sapphire Ventures and Bain Capital, We Work’s lead investor.
Based in New York City, Reonomy has approximately 80
employees and, so far, has received $68.2 million in funding. Last
year, it embarked on a national expansion strategy provided 99%
coverage across the US, accounting for more than 50 million commercial properties covering 3,000-plus counties.
Fresh off of securing some $40 million in venture capital,
Reonomy just moved into its new office space and signed CBRE to
the Reonomy platform. With multiple banks, institutional investors, international and national brokerages, retailers, insurance
companies, and other business entities using their products and
integrations, the company plans to continue improving their suite
of products as well as pursue international expansion, starting
with Western Europe and Canada this year
Matterport has been the industry
leader in immersive 3D technology
and VR/AR, creating virtual experiences for users paired with print-ready 4K photography.
Founded in 2011 by CTO Dave
Gausebeck, Matt Bell and Mike
Beebe, Matterport originally focused
on residential space. In the past four
years, the company has experienced
quadruple-digit revenue growth
along with significant market momentum, including geographic expansion into APAC and EMEA plus
vertical market expansion beyond residential real estate to include
commercial real estate, e-commerce, construction management,
home improvement, furnishings and decor, property insurance,
hotels and vacation rentals, retail space planning, forensics animation, travel, engineering, along with a host of other industries.
Last year the leadership team brought in RJ Pittman to serve as
CEO. The former eBay executive is currently leading Matterport
through a strategic business transformation. The company also
recently hired new a chief design officer, Dave Lippman, and Lou
Marzano, VP of hardware R&D and manufacturing, to help accelerate its products and service offerings.
The firm recently unveiled Matterport Cloud 3.0, a subscription-based platform that expands access to its 3D technology and boosts
the power of Matterport’s Pro2 camera by giving new users the ability to transform 360-degree and panoramic imagery from entry-level
spherical lens cameras into Matterport 3D’s fully immersive tech.
Since its launch, the company has captured approximately 1. 6
million spaces in fully immersive 3D, with the intent to increase to
100 million spaces by eliminating the hardware and cost-related
barriers of 3D-capture technology. Matterport spaces have also
been viewed nearly one billion times.
So far Matterport has raised more than $70 million from a
host of investors. The company has over 200 employees plus
2,600 global partners.
With 10 billion square feet managed on its platform, 188 employees working across six offices in North
America and Europe, 34,000 users running their businesses on its software and $107 million in VC funding,
View The Space is making waves in the commercial real estate IT industry.
VTS was founded in 2011 by Nick Romito and Ryan Masiello, who recognized how much the CRE industry
needed a technology platform that could seamlessly centralize leasing activity, analytics and marketing. The
former commercial property brokers now serve as the respective CEO and chief strategy officer for the leasing and asset management platform, which has a client roster riddled with the biggest names in CRE.
Over the years VTA formed partnerships with several industry players, including integrations with a number
of other popular CRE tech platforms. Yet perhaps its biggest move was the 2016 acquisition Hightower, of its
main competitor. A year after the deal, VTS had cemented a dominant position in CRE tech—its customer base
grew by 87% to 28,000 users including 180 new clients, and the platform’s portfolio grow by 112% to seven billion square feet of commercial space in 28 countries.
In 2018 the company grew its European presence exponentially and expanded its leadership team with the hiring of seasoned Silicon
Valley marketing executive Amy Millard as its first chief marketing officer. In also unveiled VTS MarketView, a real-time benchmarking
and market analytics took for CRE. Most recently, the New York City-based company unveiled plans for VTS Marketplace, an end-to-end
CRE marketplace powered by nine billion square feet of real-time data. In addition to marketing and leasing space, agency brokers will
be able to run the entire leasing process online using current market data to accurately price space and negotiate leases. Meanwhile, tenant reps will be able to search for vacant and soon-to-be-vacated space.
With its entrepreneurial spirit and innovative practices, it is of little surprise that VTS won first place in customer relationship management and marketing at the 2018 CREtech Real Estate Tech Awards.