Stonal, a leading real estate data management platform, has recently secured a substantial investment from Aareon, a prominent European provider of SaaS solutions.
This investment, totaling near €100 million, marks a strategic move for both companies in enhancing data-driven solutions within the real estate sector.
Founded in 2017, Stonal has been dedicated to revolutionizing data quality for asset owners and investors. Their innovative StonalGPT, a generative AI solution, has garnered attention as the first of its kind tailored specifically for the real estate industry.
By leveraging collaborative AI technology, Stonal extracts vital information from documents and blueprints, maintaining an accurate and continuously updated database crucial for stakeholders such as property managers, surveyors, and insurers.
Robin Rivaton, CEO of Stonal, emphasizes the pivotal role of AI in reshaping the real estate landscape, stating, “AI is a massive opportunity to reshape it deeply, but it requires a significant amount of data on which to be trained." This recent investment from Aareon will fuel Stonal's European expansion, enabling them to reach new heights in delivering cutting-edge data management solutions.
On the other hand, Aareon, with its extensive reach across Europe and a customer base of 13,000 customers totaling 18 million housing units, sees this investment as a strategic move to bolster its AI capabilities within the Aareon Group. Harry Thomsen, CEO of Aareon, highlights the importance of this collaboration in meeting evolving customer needs and driving innovation in data management technologies.
The partnership between Stonal and Aareon reflects the growing demand within the real estate sector for advanced technological solutions. With increasing expectations around ESG reporting, green CapEx initiatives, and stringent regulations, investments in data management solutions like Stonal are poised to make significant impacts across the industry.
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By Proptechbuzz
By Ravi Kumar