Skyline AI, an Israel-based developer of real estate investment technology, has secured $18m in a series A round that included JLL Spark, a corporate venturing representative of property developer JLL.
Venture capital firms Sequoia Capital and TLV Partners co-led the round, which included Nyca Partners, Arbor Ventures and iAngels. It followed a $3m seed investment by Sequoia in March this year.
Founded in 2017, Skyline has built a software platform that utilises artificial intelligence and machine learning to assess large volumes of real estate data from more than 130 sources and predict the future value of property assets in addition to the market as a whole.
The funding will support the enhancement of the platform to incorporate additional asset classes.
Yishai Lerner, JLL Spark’s co-CEO, said: “When we saw what the Skyline AI platform could do, we knew immediately that their technology is going to play a significant role in the commercial real estate investment market.
“JLL wants to be at the forefront of leveraging advanced technology for our clients and for the industry, and the Skyline AI team has the expertise and vision to complement JLL’s commitment to innovation.”