Reonomy Nabs $60M For AI-Driven Commercial Real Estate Data Platform

Reonomy, an AI-powered data platform for the commercial real estate (CRE) industry, announced this morning it has raised $60 million in Series D funding led by Georgian Partners. Wells Fargo Strategic Capital and Citi Ventures also participated in the round along with existing investor Sapphire Ventures. The financing nearly doubles the amount of funding previously raised by New York-based Reonomy for a lifetime total of $128 million, according to the seven-year-old company. It last raised $30 million in June 2018 Series C led by Sapphire Ventures.  Reonomy’s self-proclaimed mission is “to become the primary source of data and analytics for commercial real estate.” It uses machine learning and artificial intelligence to give its users access to “in-depth property details and analysis across the US,” per its website.