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We’re beyond excited to share that we’ve been selected as a winner in the Capital Markets: Data - Artificial Intelligence Solution category for the CREtech 2020 #RETAS. Thank you to our loyal customers, dedicated employees and CREtech for this honor. We’re more motivated than ever to continue bringing data-driven decision-making to real estate project delivery teams across the country. Read the full press release below for more information.
Northspyre Wins CREtech’s 2020 Real Estate Technology Award
Cloud-based intelligence platform for development teams wins in “Capital Markets: Data-Artificial Intelligence Solution” category
NEW YORK, NY - PRWeb - Today, CREtech named Northspyre, a cloud-based intelligence platform for real estate development teams and their collaborators, the winner of its seventh annual Real Estate Tech Award in the “Capital Markets: Data-Artificial Intelligence Solution” category. Northspyre was carefully selected by an elite panel of judges, including leading venture capitalists, angel and corporate investors, and thought leaders in the commercial real estate technology industry.
“This award is further evidence of the impact that Northspyre has had on project delivery, giving commercial property developers and their collaborators access to the data and insights that allow them to pivot quickly in response to planned and unplanned changes that always arise during the development process,” said William Sankey, former New York City developer and co-founder and CEO of Northspyre. “Northspyre brings to CRE what has long existed in the finance and tech industries: automation, data analytics and artificial intelligence. For developers, Northspyre applies these advanced technologies to help teams achieve easier, more predictable outcomes to ensure projects are delivered on budget and on time”
This recognition comes on the heels of a very strong year for Northspyre as it offsets some of the challenges faced by commercial real estate project teams that were brought on by the pandemic. In 2020, Northspyre raised $7.5 million in Series A funding led by David Sacks’ Craft Ventures, hit a milestone of facilitating more than $15 billion in customer projects, experienced its highest-ever user engagement to date and grew its team to more than 30 employees to meet increasing customer demand.
The global pandemic evoked a reliance on digital collaboration for real estate project teams, especially with new safety requirements on job sites and a flexible work environment that required real-time access to critical project data. Northspyre continues to work with its clients to improve confidence in their decision-making, maintain institutional knowledge that would otherwise be lost due to staff departures and turnover, and ensure development projects continue moving forward as planned.
Founded in 2017, Northspyre continues its mission to upend the status quo and empower CRE professionals to be more proactive and make more informed, data-driven decisions to achieve easier, more predictable outcomes on individual projects and across portfolios. Bringing predictability to commercial real estate project delivery means increased efficiency, increased productivity and increased returns.
Northspyre is a cloud-based intelligence platform that empowers real estate professionals to make proactive, data-driven decisions on development, capital and asset projects across real estate project types. Created specifically to meet the needs of owners, developers, project management firms and internal real estate teams, Northspyre leverages the power of automation, data analytics and artificial intelligence to achieve predictable outcomes and realize significant time and cost savings. Northspyre’s technology is dedicated to helping teams deliver even the most complex project or portfolio on-time and on-budget. Since 2017, Northspyre has facilitated more than $15 billion in customer projects. To learn more, visit www.northspyre.com.