Real Estate Data and Analytics Platform Cherre Raises $16M for Further Expansion in Round Led by Intel Capital
Growth investment accelerates North American expansion, supports surging demand for Cherre’s Real Estate AI platform
NEW YORK, Feb. 5, 2020 /PRNewswire/ — Cherre, the NYC-based real estate data and analytics platform, today announced that it has raised $16 million in growth funding, bringing total capital raised to-date to $25 million. Intel Capital led the round, which included participation from Navitas Capital, Carthona Capital, Zigg Capital, Dreamit Ventures, and a new growth debt relationship with Silicon Valley Bank.
Cherre’s award-winning AI platform empowers large enterprises, insurance companies, banks, and investors with a platform to instantly collect, augment, resolve, and analyze datasets in real-time from hundreds of thousands of public, private, and internal sources. This enables customers to evaluate investment and underwriting opportunities more accurately and efficiently than ever before.
Cherre’s SaaS platform is now widely recognized as having the industry’s most comprehensive knowledge graph with granular, actionable information on over 177 million properties, 84 million companies, 315K datasets, and billions of connected data points, enriched with macroeconomic, geospatial, and demographically pertinent datasets. To meet customers’ most demanding use cases, the platform supports data delivery through a high-performance, low-latency API, as well as through a transactional database.
“Last year was marked by incredible growth for the entire market,” said Cherre CEO L.D. Salmanson. “This massive industry migration towards fully-integrated data systems is just starting, and we’re incredibly proud to be leading the charge. We look forward to continue working with our most demanding clients on their mission-critical data needs.”