Aug 22 2021
U.S. real estate giant JLL (market cap of $ 12.5 billion) acquired Skyline AI – an Israeli PropTech startup using machine learning models to gain competitive advantage in building and analyzing real estate opportunities. The two companies have yet to release full details of the acquisition.
JLL Investors Score Points Using Skyline Platform
Skyline AI’s platform uses proprietary AI / ML models to process data from over 300 data sources. This allows users to track 10,000 different attributes such as owner information, property characteristics, demographics, historical transactions, and debt, from a pool of over 400,000 multi-family properties in the States. -United. Over time, the Skyline AI platform identifies gaps and determines which information is most accurate to help investors maximize their investment and rental opportunities.
Skyline’s technology provides commercial real estate investors with in-depth capabilities to locate and analyze investment opportunities in extremely short periods of time, and give them an edge over players who rely on longer human analysis. Skyline AI was founded in 2017 by Guy Zipori, Amir Leitersdorf, Iri Amirav and Or Hiltch.
What makes this acquisition of PropTech even more interesting is the fact that JLL – through JLL Spark – is one of the investors in the Israeli startup. Added Skyline to its portfolio for the first time in 2018.
“JLL provides the ideal platform to realize our vision of transforming CRE using AI,” said Guy Zipori, Co-Founder and CEO of Skyline AI. “Skyline AI has worked closely with JLL as an investor since 2018. The natural next step is to be part of JLL, a multi-billion dollar global company that sees the transformative power of the Skyline AI platform.