"Financial terms of the deal were not disclosed, and a company spokesperson confirmed that the acquisition closed on May 7. The acquisition adds Restb.ai's image recognition and property data enrichment technology to Clear Capital's suite of products, which includes CubiCasa, a digital floor plan and virtual tour platform the company acquired in 2021."
"Clear Capital said the combined technologies will allow customers to better analyze property valuations, floor plans, property condition and other housing characteristics, to improve transparency and speed up real estate and mortgage decisions. Joining forces with Restb.ai allows us to modernize the valuation landscape, Clear Capital CEO Duane Andrews said in a statement."
"By embedding AI-driven property intelligence into our valuations and mobile floor plan technology, we're increasing accuracy of decision-making for housing finance. Restb.ai's technology will be integrated across Clear Capital and CubiCasa platforms, while the Restb.ai brand will remain in place, the companies said."
"Both Andrews and Xavi Hernando, CEO and co-founder of Restb.ai, described the integration as aiming to eliminate industry blind spots and provide better insights. Clear Capital shares our vision for turning visual property data into trusted, decision-ready intelligence, said Hernando."
Clear Capital completed its acquisition of Restb.ai on May 7, with deal financial terms not disclosed. The acquisition brings Restb.ai’s image recognition and property data enrichment technology into Clear Capital’s product suite, including CubiCasa, a digital floor plan and virtual tour platform acquired in 2021. The combined technologies are intended to help customers analyze property valuations, floor plans, property condition, and other housing characteristics, improving transparency and speeding real estate and mortgage decisions. Restb.ai’s technology will be integrated across Clear Capital and CubiCasa platforms, while the Restb.ai brand will remain. Clear Capital and Restb.ai describe the integration as eliminating industry blind spots and delivering decision-ready intelligence for housing finance and real estate workflows.
#real-estate-technology #ai-computer-vision #property-valuation #mortgage-decisioning #digital-floor-plans
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