Austin-based Online Real Estate Brokerage REX Raises $40M More To Grow Its AI-driven Platform

REX, an Austin-based licensed residential real estate brokerage using AI and big data, has raised another $40 million in what it describes as a “C1” round.  The financing, an add-on from its $45 million Series C in January, brings the startup’s total raised since its inception in late 2015 to $115 million, according to Crunchbase data. A group of private investors including Sun Microsystems co-founder and former CEO Scott McNealy; Richard “Dick” Schulze, founder of Best Buy; Gordon Segal, founder of Crate and Barrel; Amit Singhal, former SVP of search at Google, among others, contributed to that round. It is not clear if they all participated in the “C1” round as well.