AI
Saudi Arabia
UAE
EgyptCoraly.ai Secures $2M to Power AI-Driven PropTech Expansion Globally
3 min
Coraly ai, a UAE-based PropTech platform, raised $2 million in a pre-seed funding round.
The funds aim to enhance AI capabilities, develop new products, and expand globally.
Strategic partnerships in France and the US are crucial to entering new markets.
Originally known as Coralytics, the firm rebranded to reflect its global AI ambitions.
Investors see potential in Coraly ai blending AI with PropTech to transform real estate.
Well… talk about making waves in PropTech – the UAE-based platform Coraly.ai has just pulled in $2 million in a pre-seed funding round. The investment was led by Salica Oryx, a fund linked to Salica Investments, with EQ2 Ventures also chipping in, along with several angel investors. I reckon that's a solid sign that the team is doing something right, especially in a region where competition in the real estate tech scene is no walk in the park.
The fresh capital is set to go towards beefing up Coraly.ai's artificial intelligence capabilities, rolling out new products, and – crucially – expanding its footprint. Saudi Arabia, France, and the United States are at the top of the agenda. On top of that, the company’s keen to build its commercial backbone in the Emirates and bring in more talent to drive their rapid growth plans.
Now, what really caught my attention is the strategic play they're making on partnerships. Coraly.ai has launched a collaboration with SNPI, the biggest real estate union in France, and started a pilot with a leading MLS partner Stateside. Spot on, if you ask me, because cracking new markets is always a bit of a faff – these local ties could well be the golden ticket.
And here’s a little twist: Coraly.ai actually started life as Coralytics, but has just rebranded to reflect its global ambitions in AI-driven property technology. As someone who’s watched the branding merry-go-round in this region, I’m not a fan of name changes for the sake of it, but here it makes sense. The move says: “we’re aiming big, and the tech is at the heart of it.”
Investors backing Coraly.ai clearly see promise in blending AI and PropTech to shake up the industry. There’s a long way to go, mind you – digital transformation in real estate is still a slog in many countries. But this latest round suggests confidence that smarter, more efficient property solutions are just around the corner.
At Arageek, we always root for startups taking bold strides like this. I’ve seen first-hand just how tricky it can be for founders juggling product innovation with tricky expansion plans. That said, I’ll be watching Coraly.ai closely – if they play their cards right, they could become a household name in PropTech, not just in the MENA region but much further afield. Chuffed to bits for them, honestly.
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