Cambio, an AI-native commercial real estate operations platform, has launched publicly after raising $18 million in Series A funding to help landlords and investors turn sprawling building data into faster, investment-grade decisions on retrofits, capital planning, and regulatory compliance. The round was led by Maverick Ventures, with participation from Y Combinator, Adverb Ventures, Peterson Ventures, and angel investors that include executives from Procore, OpenAI, Anthropic, Vanta, Vercel, ServiceNow, Notion, and Amplitude.
Cambio is positioning itself as a replacement for the spreadsheet-and-PDF workflow that still dominates portfolio operations across a sector the company estimates at $20 trillion. The company said its platform is built around agentic AI, enabling software to reason across unstructured documents, run multi-step analyses, and update outputs as regulations, asset data, and market conditions change. By applying large language models and agentic workflows to thousands of pages of building materials—such as utility bills and building assessments—Cambio says it can compress months of manual review into minutes and help customers evaluate retrofit opportunities across thousands of buildings at once.
During its stealth period, Cambio said it deployed in more than 35 countries, opened a London office to support expansion across Europe, the UK, and APAC, and signed commercial real estate customers including Principal Real Estate, Nuveen Real Estate, BGO, LaSalle Investment Management, Oxford Properties Group, Madison International Realty, and Beacon Capital Partners.
The company’s founding team brings experience from KKR, Oxford Properties Group, JPMorgan, and Goldman Sachs, and said the product was shaped by firsthand exposure to the friction of pulling property data from multiple systems, reconciling invoices, and continuously updating models used to forecast performance and plan investments.
As it scales, Cambio said it has added four senior leaders: Lizzie Leon, formerly of Goldman Sachs, as Head of Product Innovation; Katerina Kaimakamis, formerly of Oxford Properties Group and CBRE, as European Business Lead; Laura Willet, formerly of BGO, as Canadian Business Lead; and Matthew Lobach, formerly of Hersha Hospitality Trust, as Head of Partner Operations & Strategy. The company said the group’s combined experience spans management of more than $400 billion of commercial real estate globally.
Cambio’s platform is designed to ingest building data, evaluate performance, flag retrofit opportunities, and generate capital strategies, with the goal of delivering ROI recommendations quickly while treating compliance as an ongoing driver of performance rather than a periodic reporting requirement.
KEY QUOTES
“For years, owners have been buried in thousands of pages of unstructured building data, with no practical way to drive insights. Large language models finally make that data usable at scale. Cambio applies agentic AI to transform compliance and capital planning from a static reporting obligation into a continuously learning decision engine.”
Leia de Guzman, Co-Founder, Cambio
“Our investor-centric lens is what sets us apart. We built Cambio to answer investor-grade questions: where to deploy capital, which assets to prioritize, and how to maximize returns while meeting regulatory requirements—without adding operational burden.”
Stephanie Grayson, Co-Founder, Cambio
“Through our partnership with Cambio, we use AI and Large Language Models (LLMs) not just to extract data from utility bills and building assessments, but also to drive investment-grade decarbonization at scale. Cambio’s models assess building performance, identify retrofit potential, and generate capex strategies–helping us prioritize high-impact actions that accelerate decarbonization and deliver returns.”
Jennifer McConkey, Managing Director, Principal Real Estate
“Just as AI has radically rearchitected healthcare and legal workflows, Cambio is redefining how the multi-trillion-dollar real estate sector operates. Leia and Stephanie have unrivaled founder-market fit, having faced these pain points firsthand. It’s evident in Cambio’s rapid growth, stellar customer base, and the talented team they’ve already brought together at an early stage.”
Ryan Isono, Managing Director, Maverick Ventures
