Facilio, which develops AI-powered property management software, nabs $35M

As the pandemic-induced demand for real estate accelerates, large property managers are boosting their investments in digital technologies to help manage their various buildings. Even pre-pandemic, 95% of real estate companies had someone responsible for running point on digital transformation and innovation efforts, according to a 2019 KPMG survey. Most cited the need for improved efficiencies, cost reduction, enhanced decision-making, and better asset management.