Y Combinator-backed company Henry AI, an AI analyst for the commercial real estate (CRE) sector, announced that it has raised $4.3 million in seed funding. Susa Ventures and 1Sharpe Ventures co-led the funding round. Additional investors include RXR, Arden Venture Arms, Singularity Capital, Unwritten Ventures, Coalition Operators, Pioneer Fund, Orange Collective and Storyhouse ventures. Bill.com’s head of product Rami Essaid, Truebill.com founder Yahya Mokhtarzada, ROOM founder Brian Chen, and Slack’s chief strategy officer Joe Teplow also participated.
Henry AI is on a mission to bring commercial real estate out of the stone age. It will automate this work and empower commercial real estate professionals to be more efficient and relationship-focused. Commercial real estate is a massive industry that has relied on a series of repetitive and manual tasks to complete deals.
Several national brokerages, including 5 of the top 10 in the U.S., are already utilizing Henry AI. Before using Henry AI, analysts at these brokerages spent 50% of their time researching market data, analyzing property trends, and manually building marketing decks for property listings. And Henry AI condenses this time-consuming work into clean, polished marketing materials and detailed financial analyses within minutes, drastically reducing the time required to prepare for deals and freeing up analysts to focus on high-value client interactions.
KEY QUOTES:
“As a former commercial real estate analyst, I spent countless hours creating marketing decks for property listings and it was the most mind numbing exercise on the planet. If I had a tool that could quickly generate professional-grade marketing materials and streamline all the backend research, I could have focused on closing more deals. Henry AI is doing just that — automating the time-intensive tasks that have traditionally slowed us down and delivering polished marketing materials in minutes, not weeks. This allows professionals to focus on what matters most: growing relationships and closing deals. We’re at the forefront of this opportunity and welcome this new funding in support of our mission.”
- Sammy Greenwall, co-founder and CEO of Henry AI
“Through our investment in Henry AI, we are excited to support their unique approach to leveraging AI technology in the commercial real estate industry. We believe that Sammy and Adam’s vision and expertise will change the way real estate professionals operate, creating new opportunities and efficiencies in this dynamic market.”
- Misha Gordon-Rowe, Partner, Susa Ventures
