TestFit, a Dallas, TX-based maker of interactive AI-powered real estate feasibility software, raised $20M in Series A funding.
The round, which brought total financing to $22m to date, was led by Parkway Venture Capital.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Clifton Harness, TestFit provides a configurator that helps real estate developers, architects, urban planners and more to solve site plans in seconds. The company assures the delivery of better outcomes for their customers, made possible by their integration of property management (PropTech), construction planning (ConTech), and design technologies (DesignTech) into a unified enterprise platform for commodity real estate development. Development deals for multifamily, commercial, and industrial building types can be rapidly evaluated with TestFit.