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The New York-based company's SaaS platform is widely recognized to have the industry's most comprehensive knowledge graph with granular, actionable information on over 177 million properties, 84 million companies, 315K datasets, and billions of connected data points, enriched with macroeconomic, geospatial, and demographically pertinent datasets
Fremont, CA: Real estate data analytics platform provider Cherre raised USD 16 million in a growth funding round led by Intel Capital, with participation from Navitas Capital, Carthona Capital, Zigg Capital, Dreamit Ventures, and a new growth debt relationship with Silicon Valley Bank. The latest round of funding takes the company's total raised capital to USD 25 million. The company's award-winning AI platform empowers large enterprises, insurance companies, banks, and investors with a platform to instantly collect, augment, resolve, and analyze datasets in real-time from hundreds of thousands of public, private, and internal sources. This allows customers to evaluate investment and underwriting opportunities more accurately and efficiently than ever before.
"Last year was marked by incredible growth for the entire market," said Cherre CEO L.D. Salmanson. "This massive industry migration towards fully-integrated data systems is just starting, and we're incredibly proud to be leading the charge. We look forward to continue working with our most demanding clients on their mission-critical data needs." The New York-based company's SaaS platform is widely recognized to have the industry's most comprehensive knowledge graph with granular, actionable information on over 177 million properties, 84 million companies, 315K datasets, and billions of connected data points, enriched with macroeconomic, geospatial, and demographically pertinent datasets.
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To meet the customers' most demanding case uses, Cherre's platform supports data delivery through a high-performance, low-latency API, as well as through a transactional database. "The global real estate industry is undergoing a transformation, catalyzed by massive data flows and the application of artificial intelligence. Despite its substantial impact on the global economy, this sector is still in its infancy when it comes to data-centric investing and underwriting decisions. We see Cherre as critical infrastructure to accelerate the future of this industry," said Trina Van Pelt, Vice President and Senior Managing Director of Intel Capital. "Our customer diligence repeatedly indicated Cherre's AI-enabled platform was a foundational pillar - a data system of record for large enterprises across the real estate segment. We're excited to help accelerate Cherre's global growth trajectory."
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