Okapi, a NYC-based commercial real estate-focused artificial intelligence (AI) platform, raised $5.5m in Series A financing.
The round, which brought the total amount of capital Okapi has raised to $8.4m, was led by Marius Nacht, the co-founder and chairman of Check Point Software Technologies.
The company intends to use the funds to expand operations and its business reach.
Founded by Iris Tsidon and Maya Gal, Okapi is a machine learning-powered software platform that analyzes disparate streams of property-related data to provide building professionals with predictive, targeted insights that improve tenant comfort and increase landlords’ income opportunities.
By analyzing a large array of building, financial and external data in real time, the company’s artificial intelligence tools identify anomalies and trends, gaining predictive insights into future property performance, including potential operational issues.
The platform sends personalized push notifications to each user in a CRE organization with actionable suggestions specific to their job function.
Concurrent with the Series A, the company appointed Stuart Appley to the company’s advisory board. A managing director of global technology and innovation at CBRE, Appley has also held senior technology roles at other real estate firms, including Shorenstein Realty Services, and has served on RealComm’s advisory council for over a decade.