Prop-AI Secures $1.5M to Revolutionise Real Estate with AI Innovation

I often chat to startups across the MENA region as part of writing for Arageek, and sometimes you just know when a new idea is spot on. Take Prop-AI, this Dubai-based startup has just announced it secured a not too shabby $1.5 million in pre-seed funding. Not bad at all for a company that's barely two years old.

This funding round was led by the region’s prolific Plus VC, along with other noteworthy investors like Joa Capital, Select Ventures, Oraseya Capital and Plug & Play. On top of that, they've managed to attract angel investors and family offices from Saudi Arabia and Bahrain, quite an impressive mix I'd say. Clearly, Prop-AI’s mission to become something like the "Bloomberg of Real Estate" has captured imaginations far and wide.

Ranime El-Skaff, CEO of Prop-AI, mentioned recently that real estate might be one of the world's biggest asset classes but it still operates mostly away from digitisation. Having tried to find reliable property data myself before (and ending up in what I'd call a bit of a faff), I can’t help but agree. I reckon Ranime and her team might well be on to something here.

The startup knows its way around AI better than most—and that's reflected in their triple-digit growth figures for the first quarter this year alone. They've also snagged an AI Seal of Excellence from the Dubai Centre for Artificial Intelligence. That makes them the first proptech to bag that particular honour, adding a nice feather in its cap as Dubai aims to position itself as a leading global AI hub.

Hasan Haider of Plus VC is certainly chuffed to bits, describing Prop-AI’s approach as an excellent mix of sharp technology and savvy real estate insight. On the flip side, Julien Plouzeau from Oraseya Capital highlighted something interesting: Prop-AI isn’t just helping people buy homes, they're actually educating investors, providing the kind of intel usually reserved for experienced property pros.

Speaking of new features, Prop-AI isn’t messing about. They're launching a fresh new UI and an interactive investor map, giving users clear, insightful data at their fingertips. Christian Kunz, Prop-AI's Co-founder, is particularly bullish about releasing the Prop-AI Business platform soon, complete with advanced APIs, and even a smart Agentic AI system tailored for real estate investing.

With this $1.5 million fresh injection of funds, the startup plans to bolster its regional data integration, enhance tech development, and build relationships with financial institutions, developers, and brokerages across the Middle East and beyond. Prop-AI is definately one to keep a close eye on.

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