Localize.city, a New York City and Tel Aviv based startup that specializes in supporting home buyers and renters through the use of Artificial Intelligence, closed an $8m Series A financing.
The round was led by Avigdor Willenz and Zvi Limon, with participation from Noam Gottesman, co-founder of GLG Partners, and Lip-bu Tan, President and CEO of Cadence Design Systems (NASDAQ: CDNS, market cap: $11B) and Chairman of the venture capital fund Walden International.
The company intends to use the funds to develop and market its website and to increase the staff by 20% between Tel Aviv and New York, adding designers, data scientists, software developers and product managers.
Led by founder and CEO Asaf Rubin and President and director of US operations Steve Kalifowitz, Localize.city allows people to search any address in New York City, receive a view of what it’s like to live there today and learn about future changes.
The platform gathers and analyzes data available in public and commercial databases and on social networks, as well as in databases that the company creates, to enable home-seekers to make informed decisions.
A subsidiary of Madlan – an Israeli source of real estate information, Localize.city currently has 110 employees, 90 at its R&D center in Tel Aviv and 20 at its New York City offices.