US-based real estate data and analytics platform developer Cherre has received $16m in a round led by Intel Capital, the corporate venture capital subsidiary of semiconductor technology producer Intel.
Navitas Capital, Carthona Capital, Zigg Capital and Dreamit Ventures also contributed to the round, which included an undisclosed amount of debt financing supplied by Silicon Valley Bank.
Cherre markets an artificial intelligence-powered platform that aggregates and analyses real estate datasets from public, private and internal sources. It helps clients such as insurance providers and financial services firms evaluate investment and underwriting decisions.
Trina Van Pelt, senior managing director at Intel Capital, said: “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.
“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 are excited to help accelerate Cherre’s global growth trajectory.”
Navitas had previously led a $9m round for Cherre in October 2018 that also featured data analytics technology provider iLookAbout, Carthona Capital, Dreamit Ventures and Red Swan Ventures.
