Haystacks.AI, a New York-based provider of a data aggregation and intelligence platform for real estate investors, raised $3M in Seed funding.
The round was led by RRE Ventures, Assurant Ventures, and Preface Ventures, with participation from Streamlined Ventures, Colle Capital, Adit Ventures, and Hyperplane.
The company intends to use the funds to accelerate product and platform development, as well as hiring as demand for single-family home rental intelligence grows among institutional investors.
Founded in March 2021 by Sourav Goswami, Haystacks.AI is a real estate intelligence platform that facilitates the entire real estate investing lifecycle. It layers in numerous sources of unstructured ancillary/alternative data, including sentiment data, on top of primary structured real estate data, to augment investment decisions at scale and identify new opportunities for asset classes such as single-family rentals, where data remains opaque.
The company is creating an automated underwriting tool to efficiently source, acquire, and manage SFR properties.