05 February 2020:

Cherre has raised $16 million in fresh round of funding. The funding round was led by Intel Capital. Navitas Capital, Carthona Capital, Zigg Capital, Dreamit Ventures, and Silicon Valley Bank also participated in the funding round.

With this funding, the company has raised $25 million till now.

L.D. Salmanson, CEO, Cherre, said, “Last year was marked by incredible growth for the entire market. 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.”

Trina Van Pelt, Vice President and Senior Managing Director of Intel Capital, said, “The global real estate industry is undergoing a transformation, catalyzed by massive data flows and the application of artificial intelligence. Despite its substantial impact on the global economy, this sector is still in its infancy when it comes to data-centric investing and underwriting decisions. We see Cherre as critical infrastructure to accelerate the future of this industry.”

Trina Van Pelt, added, “Our customer diligence repeatedly indicated Cherre’s AI-enabled platform was a foundational pillar – a data system of record for large enterprises across the real estate segment. We’re excited to help accelerate Cherre’s global growth trajectory.”

Cherre provides investors, insurers, real estate advisors, and other large enterprises with a platform to collect, resolve, and augment real estate data from hundreds of thousands of public, private, and internal sources.

(Source – Cherre)

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