Geophy raises $33 million to apply AI to commercial property appraisal

Corporate real estate (CRE) appraisals are fraught with peril — not to mention subjectivity. The average gap between a standard estimate and the actual sale price is 5 percent to 6 percent in the U.S. and U.K., with a median error of as much as 15 percent. And the process drags on, with the average … Continue reading Geophy raises $33 million to apply AI to commercial property appraisal