TORONTO — Appraiva, a Toronto-based prop-tech startup, today announced the launch of its platform which identifies distressed, off-market properties for real estate investors across North America. The disruptive technology eliminates the need for ‘driving-for-dollars’, a common but inefficient industry practice, while ushering in a new age of advanced, hyper-targeted virtual deal discovery. Made possible by the convergence of AI that can ‘see’ and the abundance of property data available, Appraiva aims to accelerate investment in the real estate sector amidst a critical housing shortage across North America.
The team behind Appraiva, which brings together deep experience in both software technology and real estate investing, has quietly built a visual ‘property condition intelligence’ engine, with initial traction and early customers actively using the platform to find residential real estate investment opportunities during beta.
“Every real estate investor has felt the challenge of deal flow as the biggest bottleneck to growing their business. We’re excited to empower investors with this technology as a way to increase deal flow steadily, while finding the perfect properties based on their investment criteria.” says Dakotah Charron, Co-Founder at Appraiva and President at Arete Holdings Group.
Appraiva’s ‘property condition intelligence’ technology takes into account various visual condition factors, analyzing property features such as the roof, exterior walls, windows & doors, lawn & vegetation and many others. The data extracted from the image analysis is synthesized into Appraiva’s scoring model, which provides a standardized assessment of property condition. Appraiva enriches this analysis with a host of additional property data from both public & third-party sources, to deliver a comprehensive view on any property.
“With the digitization over the past few decades, we’re now at a time where the availability of data, paired with rapid advancement in AI, enables us to achieve a level of insight previously unimaginable by applying machine intelligence to data at-scale.” says Ahmadreza Samadi, Co-Founder & Lead Data Architect at Appraiva.
A solid foundation now in place, the team plans to secure seed financing in Q1, with expansion efforts across North America underway in parallel. For more information, visit Appraiva’s website.
Appraiva is a property intelligence company for residential real estate investors & developers across North America. Appraiva’s technology turns property imagery into valuable data for the discovery of profitable real estate opportunities. Learn more at appraiva.com.
Company Name: Appraiva
Contact Person: Arman Iranpour
Address: 167 Lombard Ave, Suite #500
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