Cambio, a startup that has built AI-powered commercial real estate software for institutional investors, has raised $18 million in a Series A round at a $100 million valuation, it tells Crunchbase News exclusively. Maverick Ventures led the financing, which included participation from Y Combinator, Adverb and angel investors from OpenAI, Anthropic and Notion, among others. Founded in 2022 by former institutional commercial real estate operators Leia de Guzman and Stephanie Grayson, Cambio has now raised a total of $22 million. It participated in Y Combinator's summer 2022 cohort and then went into 'R&D mode.' The San Francisco-based company launched its offering at the end of 2023, and de Guzman claims it has since seen 'rapid adoption' across enterprise customers and geographies ' scaling to 35 countries and to more than 2 billion square feet in assets. It recently opened a London office to support EU and APAC growth. Put simply, Cambio uses large language models and agentic...
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