Ojo Labs, an Austin, Texas-based provider of an AI-based personal assistant for home buyers and sellers, raised $45m in Series C funding.
Backers included LiveOak Venture Partners, Realogy Holdings Corporation, Royal Bank of Canada and Northwestern Mutual Future Ventures.
The company intends to use the funds to accelerate its development and market expansion and hire in its data science, engineering, product and design teams.
Led by John Berkowitz, CEO, Ojo is a virtual assistant that engages home buyers and sellers through natural conversations using mobile messaging and innovative web experiences. OJO is available for consumers 24/7 to help with listing information, home discovery, neighborhood selection, budget or financing guidance, and education surrounding one of the largest purchases consumers make.
The product has been live in 12 U.S. markets and Toronto, Canada, and is now being rolled out at a large scale nationwide.