Okapi, a commercial real estate-focused artificial intelligence (AI) platform, has raised $5.5 million in Series-A financing.
The funding round was led by Marius Nacht, the co-founder and chairman of Check Point Software Technologies and a hi-tech entrepreneur, and brings the total amount of capital Okapi has raised to $8.4 million.
Founded by Iris Tsidon and Maya Gal, Okapi is a machine learning-powered software platform that analyzes disparate streams of property-related data to provide building professionals with predictive, targeted insights that improve tenant comfort and increase landlords’ income opportunities.
“After beginning North American operations in 2017, we quickly gained traction with Canada’s largest landlords, helping to improve operations for their portfolios while increasing NOIs by 1-3 percent,” said Tsidon, Okapi’s CEO.
“Just a few months after launching in the U.S., this funding round enables us to expand our team and increase our market penetration. We have found that there is incredible demand for artificial intelligence tools to analyze the vast troves of data that owners and operators are neglecting, and now we have the resources to add industry veterans to our staff and advisory board to help facilitate our expansion.”
Okapi also announced the appointment of Stuart Appley to the company’s advisory board.
A managing director of global technology and innovation at CBRE, Appley has also held senior technology roles at other real estate firms, including Shorenstein Realty Services, and has served on RealComm’s advisory council for over a decade.
“Stuart is one of real estate’s pre-eminent technology executives, and his diverse knowledge base will prove immensely valuable to Okapi as we grow our platform and service offerings,” said Gal, Okapi’s chief revenue officer.
Currently focused primarily on office and multifamily portfolios, Okapi is used by some of the largest landlords in North America, including QuadReal Property Group, Bentall GreenOak and Oxford Properties.